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Parimutuel Applications in Finance: New Markets for New Risks

Parimutuel Applications in Finance: New Markets for New Risks

Hardcover

Series: Finance and Capital Markets

Business GeneralInvesting & Finance

ISBN10: 1403939500
ISBN13: 9781403939500
Publisher: Palgrave MacMillan
Published: Nov 28 2006
Pages: 278
Weight: 1.33
Height: 0.89 Width: 6.44 Depth: 9.49
Language: English
Financial intermediaries typically offer derivatives to their customers only when they can hedge the exposures from these transactions. Baron and Lange show that parimutuel auctions can be used by financial intermediaries to offer derivatives without exposing themselves to risk.

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