Results 1 to 10 of about 3,731,402 (183)
Policy Perspectives on OTC Derivatives Market Infrastructure [PDF]
SSRN Electronic Journal, 2010 In the wake of the recent financial crisis, over-the-counter (OTC) derivatives have been blamed for increasing systemic risk. Although OTC derivatives were not a central cause of the crisis, the complexity and limited transparency of the market reinforced the potential for excessive risk-taking, as regulators did not have a clear view into how OTC ...
Darrell Duffie, Ada Li, Theo Lubke
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Market formation and governance in international financial markets: The case of OTC derivatives¹ [PDF]
Human Relations, 2008 How are markets developed and governed? The article reviews four perspectives on the formation and development of markets and market governance — the political perspective (Fligstein), the network perspective (White), the framing perspective (Callon) and the soft law/expert power perspective (Slaughter).
Morgan, Glenn, Glenn Morgan
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Issues in Islamic Derivatives and Proposals for Reforms in the OTC Market in Indonesia
Journal of Risk and Financial Management, 2022 This paper aims to propose reforms to develop the Islamic derivatives transactions in Indonesia’s over-the-counter (OTC) market. It is argued that the use of derivatives instruments is considered non-sharia compliant by the National Sharia Board (NSB) of the Indonesian Council of Ulama.
Romi Adetio Setiawan
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The Market for OTC Derivatives [PDF]
, 2013 We develop a model of equilibrium entry, trade, and price formation in over-the-counter (OTC) markets. Banks trade derivatives to share an aggregate risk subject to two trading frictions: they must pay a fixed entry cost, and they must limit the size of the positions taken by their traders because of risk-management concerns.
Andrew Atkeson +2 more
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Entry and Exit in OTC Derivatives Markets [PDF]
Econometrica, 2015 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Eisfeldt, Andrea L +2 more
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Credit Derivatives, Capital Requirements and Opaque OTC Markets [PDF]
SSRN Electronic Journal, 2006 In this paper we study the optimal design of credit derivative contracts when banks have private information about their ability in the loan market and are subject to capital requirements. First, we prove that when banks are subject to a maximum loss capital requirement the optimal signaling contract is a binary credit default basket.
NICOLO', ANTONIO, PELIZZON L.
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Reform of the OTC Derivatives Markets [PDF]
Český finanční a účetní časopis, 2013 Cilem přispěvku neni pouze vysvětlit postaveni financnich derivatů na globalnich financnich trzich, ale take zhodnotit jejich vliv na fungovani financnich systemů. Jadro přispěvku je věnovano mimoburzovnim derivatům, ktere v obdobi před propuknutim globalni financni krize nepodlehaly teměř žadne regulaci s výjimkou některých nepoctivých praktik ...
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CCPs and network stability in OTC derivatives markets [PDF]
Journal of Financial Stability, 2016 Among the reforms to OTC derivative markets since the global financial crisis is a commitment to collateralize counterparty exposures and to clear standardized contracts via central counterparties (CCPs). The reforms aim to reduce interconnectedness and improve counterparty risk management in these important markets.
Heath, Alexandra +4 more
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The OTC global derivatives markets: An expositional analysis [PDF]
Journal of Derivatives & Hedge Funds, 2008 Emm and Gay (2005) have put forward an academic paper that merits a response because of its own strength and the misunderstandings of the economic and risk implications of the existence of high concentration ratios in the OTC dealer derivatives markets. This study suggests that their analysis is incorrect.
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The Dilemma of Client Clearing in the OTC Derivatives Markets [PDF]
European Business Organization Law Review, 2016 The global crisis triggered a vast programme of financial markets reform, including a new regime for over-the-counter (OTC) derivatives which requires hitherto private contracts to be cleared through central counterparties (CCPs). This article argues that the interaction between underlying law and this new regulation needs to be addressed in order to ...
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