Derivatives

Name: Derivatives
Brand: LAP Lambert Academic Publishing
SKU: 9783659934858
Price: 33.01 EUR
Availability: InStock

Speculation, Hedging, and Economic Efficiency in US Common Law

Автор: Maximilian H. Dyck

Език:

Корици: С меки корици

Издател: LAP Lambert Academic Publishing

Наличност: Външен склад

Изпращаме след 5-8 дни

33.01 € 64.57 лв

Derivatives are an undeniably important part of today's financial markets. There is significant deba...

Информация за книгата

Автор

Maximilian H. Dyck

Език

Английски език

Корици

Книга - С меки корици

Издадена

2016

страници

EAN

9783659934858

Enbook ID

14211178

Издател

LAP Lambert Academic Publishing

Теглоt

142

Размери

150 x 220 x 5

Пълно описание

Derivatives are an undeniably important part of today's financial markets. There is significant debate about their effects on the economy with overwhelming uncertainty regarding appropriate legal responses. This book argues that centuries-old restrictions on speculative derivatives developed in Irwin v Williar are not justifiable. Moral interpretations from the time show little understanding of these financial instruments. An analysis based on neoclassical economics reveals US common law's hostile stance against speculative derivatives to make the economy highly inefficient. This study will point out that speculative derivatives ensure the stability of competitive equilibrium through market completion, price discovery, and price stabilisation. US common law's insistence upon delivery of the underlying product to settle the derivatives contract should be abolished. It will be proposed that incentives for efficient replicating portfolio management ŕ la Black-Scholes should be created.

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Derivatives

Speculation, Hedging, and Economic Efficiency in US Common Law

Информация за книгата

Пълно описание

Може също да ви хареса

Клиенти, които купиха тази книга, купиха също