Financial intermediaries typically offer derivatives to their customers only when they can hedge the exposures from these transactions. Baron and Lange show that parimutuel auctions can be used by financial intermediaries to offer derivatives without exposing themselves to risk.
- ISBN13 9781403939500
- Publish Date 28 November 2006
- Publish Status Active
- Publish Country US
- Imprint Palgrave Macmillan
- Edition 2007 ed.
- Format Hardcover
- Pages 278
- Language English