Dark markets [electronic resource] : asset pricing and information transmission in over-the-counter markets / Darrell Duffie.
"Over-the-counter (OTC) markets for derivatives, collateralized debt obligations, and repurchase agreements played a significant role in the global financial crisis. Rather than being traded through a centralized institution such as a stock exchange, OTC trades are negotiated privately between...
Saved in:
| Online Access: |
Full Text (via ProQuest) |
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| Main Author: | |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Princeton :
Princeton University Press,
©2012.
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| Series: | Princeton lectures in finance.
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| Subjects: |
| Summary: | "Over-the-counter (OTC) markets for derivatives, collateralized debt obligations, and repurchase agreements played a significant role in the global financial crisis. Rather than being traded through a centralized institution such as a stock exchange, OTC trades are negotiated privately between market participants who may be unaware of prices that are currently available elsewhere in the market. In these relatively opaque markets, investors can be in the dark about the most attractive available terms and who might be offering them"--Provided by publisher. |
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| Physical Description: | 1 online resource (xv, 95 pages) : illustrations. |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9781400840519 1400840511 1283339862 9781283339865 9786613339867 6613339865 |
| Language: | English. |
| Source of Description, Etc. Note: | Source of description: Print version record. |