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 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 ...
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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 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.
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Add this copy of Dark Markets: Asset Pricing and Information to cart. $25.00, very good condition, Sold by JDH Lawton OK rated 5.0 out of 5 stars, ships from LAWTON, OK, UNITED STATES, published 2012 by Princeton University Press.
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Very good in very good dust jacket. Ex-library. Sewn binding. Paper over boards. With dust jacket. 95 p. Contains: Tables, black & white, Figures. Princeton Lectures in Finance, 6. Audience: General/trade. LCCN 2011034092 Type of material Book Personal name Duffie, Darrell. Main title Dark markets: asset pricing and information transmission in over-the-counter markets / Darrell Duffie. Published/Created Princeton: Princeton University Press, c2012. Description xv, 95 p. : ill.; 24 cm. ISBN 9780691138961 (alk. paper) LC classification HG4521. D87 2012 LC Subjects Over-the-counter markets. Capital assets pricing model. Notes Includes index. Includes bibliographical references (p. 87-92) and index. Series Princeton lectures in finance Dewey class no. 332.64/3
Add this copy of Dark Markets: Asset Pricing and Information to cart. $46.94, new condition, Sold by GreatBookPrices rated 4.0 out of 5 stars, ships from Columbia, MD, UNITED STATES, published 2012 by Princeton University Press.
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New. Sewn binding. Paper over boards. With dust jacket. 128 p. Contains: Tables, black & white, Figures. Princeton Lectures in Finance, 6. In Stock. 100% Money Back Guarantee. Brand New, Perfect Condition, allow 4-14 business days for standard shipping. To Alaska, Hawaii, U.S. protectorate, P.O. box, and APO/FPO addresses allow 4-28 business days for Standard shipping. No expedited shipping. All orders placed with expedited shipping will be cancelled. Over 3, 000, 000 happy customers.
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