Dark markets asset pricing and information transmission in over-the-counter markets / [electronic resource] :

• 作者： Duffie, Darrell.
• 其他題名：
  • Princeton lectures in finance
• 出版： Princeton : Princeton University Press
• 叢書名： Princeton lectures in finance
• 主題： Over-the-counter markets. , Capital assets pricing model
• ISBN： 9781400840519 (electronic bk.) 、 1400840511 (electronic bk.)
• FIND@SFXID: CGU
• 資料類型: 電子書
• 內容註: Includes bibliographical references and index. 1. Over-the-Counter Markets -- 2. The Case of Federal Funds Lending -- 3. Search for Counterparties -- 4. A Simple OTC Pricing Model -- 5. Information Percolation in OTC Markets.
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• 摘要註: "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"--Provided by publisher.
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