Parimutuel Applications in Finance: New Markets for New Risks

by Ken Baron and Jeffrey Lange

Financial intermediaries supply derivatives to their customers when they can hedge the exposures from these transactions. A static hedge is typically employed by arranging an offsetting transaction with a different customer or a dynamic hedge by trading in the underlying derivatives. There is however a broad range of uncertain exposures where intermediaries tend not to offer derivatives or risk management products, as they are unable to hedge the...

• Format: Hardcover
• Language: English
• ISBN: 1403939500
• ISBN13: 9781403939500
• Release Date: November 2006
• Publisher: Palgrave MacMillan
• Length: 278 Pages
• Weight: 1.40 lbs.
• Dimensions: 0.9" x 6.4" x 9.5"