Entrop, Oliver; Scholz, Hendrik; Wilkens, Marco - In: Journal of Banking & Finance 33 (2009) 5, pp. 874-882
This paper presents the first analysis of open-end leverage certificates on the German market. The major innovations of these certificates are twofold. First, issuers announce a price-setting formula according to which they are willing to buy and sell the certificates over time. Second, the...