Dark markets [electronic resource] : asset pricing and information transmission in over-the-counter markets / Darrell Duffie.
2012
HG4521 .D87 2012eb
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Title
Dark markets [electronic resource] : asset pricing and information transmission in over-the-counter markets / Darrell Duffie.
Author
Duffie, Darrell.
ISBN
9781400840519 (electronic bk.)
9780691138961
9780691138961
Imprint
Princeton : Princeton University Press, c2012.
Language
English
Description
1 online resource (xv, 95 p.) : ill.
Call Number
HG4521 .D87 2012eb
Dewey Decimal Classification
332.64/3
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.
Note
Description based on print version record.
Bibliography, etc. Note
Includes bibliographical references and index.
Access Note
Access limited to authorized users.
Series
Princeton lectures in finance
Available in Other Form
Dark markets.
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Table of Contents
Over-the-counter markets
The case of federal funds lending
Search for counterparties
A simple OTC pricing model
Information percolation in OTC markets.
The case of federal funds lending
Search for counterparties
A simple OTC pricing model
Information percolation in OTC markets.