Dark Markets: Asset Pricing And Information Transmission In Over-the-counter Markets

 ( Book Product ) 

Over-the-counter (OTC) markets for derivatives, collateralized debt obligations, and repurchase agreements played a significant role in the global financial crisis

• Dark Markets: Asset Pricing And Information Transmission In Over-the-counter Markets available on February 22 2016 from Indigo for 66.25
  
• Dark Markets - Asset Pricing and Information Transmission in over-the-Counter Markets available on February 10 2016 from ECampus for 34.13
  
• ISBN bar code 9780691138961 ξ1 registered February 06 2016
  
• ISBN bar code 9780691138961 ξ2 registered July 21 2013
  
• Product category is Book

• Sku # 978069113896
  
• Sku # 9780691138961N
  

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. This opaqueness exacerbated the financial crisis, as regulators and market participants were unable to quickly assess the risks and pricing of these instruments. Dark Markets offers a concise introduction to OTC markets by explaining key conceptual issues and modeling techniques, and by providing readers with a foundation for more advanced subjects in this field. Darrell Duffie covers the basic methods for modeling search and random matching in economies with many agents. He gives an overview of asset pricing in OTC markets with symmetric and asymmetric information, showing how information percolates through these markets as investors encounter each other over time. This book also features appendixes containing methodologies supporting the more theory-oriented of the chapters, making this the most self-contained introduction to OTC markets available.

^ Dark Markets: Asset Pricing And Information Transmission In Over-the-counter Markets Indigo. ISBN 9780691138961 (revised Feb 2016)
^ (2013). Dark Markets - Asset Pricing and Information Transmission in over-the-Counter Markets ECampus. ISBN 9780691138961 (revised Feb 2016)