Dark Markets: Asset Pricing and Information Transmission in Over-The-Counter Markets

by Darrell Duffie

A concise introduction to modeling over-the-counter markets

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...

• Format: Hardcover
• Language: English
• ISBN: 0691138966
• ISBN13: 9780691138961
• Release Date: January 2012
• Publisher: Princeton University Press
• Length: 128 Pages
• Weight: 0.70 lbs.
• Dimensions: 0.6" x 6.4" x 9.3"