Risk Allocation: The Double Face of Financial Derivatives
نویسندگان
چکیده
منابع مشابه
Risk allocation: The Double Face of Financial Derivatives
For the past two decades, derivatives provided the core financial innovation for riskmanagement and risk-sharing activities. However, in the aftermath of the 2007-2008 crisis, derivatives have started received, partly for good reason, an increasingly bad press. The main purpose of this paper is to lay the foundations for a theoretical framework in which systemic risk is centrally involved in th...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2011
ISSN: 1556-5068
DOI: 10.2139/ssrn.1844288