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Parimutuel Applications In Finance: New Markets for New Risks (Finance and Capital Markets Series)

By Ken Baron, Jeffrey Lange
eBook
$220.00
By Ken Baron, Jeffrey Lange
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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.

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