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Parimutuel Applications in Finance: New Markets for New Risks (2007)

by Baron, Ken

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Description

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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Product Details

  • Jan 1, 2007 Pub Date:
  • 1349520004 ISBN-10:
  • 9781349520008 ISBN-13:
  • English Language