Derivatives

Name: Derivatives
Brand: LAP Lambert Academic Publishing
SKU: 9783659934858
Price: 12082 HUF
Availability: InStock

Speculation, Hedging, and Economic Efficiency in US Common Law

Szerző: Maximilian H. Dyck

Nyelv:

Kötés: Puha kötésű

Kiadó: LAP Lambert Academic Publishing

Elérhetőség: Beszállítói készleten

Küldés 5-8 napon belül

12 082 Ft

Derivatives are an undeniably important part of today's financial markets. There is significant deba...

Információk a könyvről

Szerző

Maximilian H. Dyck

Nyelv

Angol

Kötés

Könyv - Puha kötésű

Kiadva

2016

oldal

EAN

9783659934858

Enbook ID

14211178

Kiadó

LAP Lambert Academic Publishing

Súly

142

Méretek

150 x 220 x 5

Teljes leírás

Derivatives are an undeniably important part of today's financial markets. There is significant debate about their effects on the economy with overwhelming uncertainty regarding appropriate legal responses. This book argues that centuries-old restrictions on speculative derivatives developed in Irwin v Williar are not justifiable. Moral interpretations from the time show little understanding of these financial instruments. An analysis based on neoclassical economics reveals US common law's hostile stance against speculative derivatives to make the economy highly inefficient. This study will point out that speculative derivatives ensure the stability of competitive equilibrium through market completion, price discovery, and price stabilisation. US common law's insistence upon delivery of the underlying product to settle the derivatives contract should be abolished. It will be proposed that incentives for efficient replicating portfolio management ŕ la Black-Scholes should be created.

Érdekelheti

Azok a vásárlók, akik ezt a könyvet megvásárolták, a következőket is megvásárolták

Leggyakrabban keresett

Categories

Authors

Publishers

Termékek

Termékek

Leggyakrabban keresett

Categories

Authors

Publishers

Termékek

Termékek

Derivatives

Speculation, Hedging, and Economic Efficiency in US Common Law

Információk a könyvről

Teljes leírás

Érdekelheti

Azok a vásárlók, akik ezt a könyvet megvásárolták, a következőket is megvásárolták