quotes on these derivatives to construct probability densities for inflation. We study how these pdfs respond to news …

Futures and forwards contracts are considered of the main derivatives contracts, which offer many services and benefits …

currency mismatches, but from complex derivative products. We analyze the problems created by this misuse of derivatives by …

Brazilian Foreign Exchange (FX) markets have a unique structure: most trades are conducted in the derivatives (futures …

taxes (FTT). It includes examples of FTT in the wider context, for example, on stocks and derivatives, currency transactions …

mandatory pool with a regulated market for electricity derivatives, that allows to hedge price volatility and to mitigate market …

This note discusses the basic economics of central clearing for derivatives and the need for a proper regulation … involvement of a central counterparty mandatory for standardized OTC derivatives' trading and sets higher capital and collateral … requirements for non-centrally cleared derivatives. From a macrofinance perspective, CCPs provide a trade-off between reduced …

derivatives. It characterizes optimal hedge positions and shows that regret aversion leads to stronger incentives to hedge …