Derivatives

Name: Derivatives
Brand: LAP Lambert Academic Publishing
SKU: 9783659934858
Price: 131.89 PLN
Availability: InStock

Speculation, Hedging, and Economic Efficiency in US Common Law

Autor: Maximilian H. Dyck

Język:

Oprawa: Miękka

Wydawca: LAP Lambert Academic Publishing

Dostępność: Dostępna u dostawcy

Wysyłamy za 5-8 dni

131.89 zł

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

Informacje o książce

Autor

Maximilian H. Dyck

Język

Angielski

Oprawa

Książka - Miękka

Data wydania

2016

strony

EAN

9783659934858

Enbook ID

14211178

Wydawca

LAP Lambert Academic Publishing

Waga

142

Wymiary

150 x 220 x 5

Pełny opis

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.

Możesz być zainteresowany

Klienci, którzy kupili tę książkę, kupili również

Najczęściej wyszukiwane

Categories

Authors

Publishers

Produkty

Produkty

Najczęściej wyszukiwane

Categories

Authors

Publishers

Produkty

Produkty

Derivatives

Speculation, Hedging, and Economic Efficiency in US Common Law

Informacje o książce

Pełny opis

Możesz być zainteresowany

Klienci, którzy kupili tę książkę, kupili również