Asset Pricing and Information Transmission in Over-the-Counter Markets
by
Darrell Duffie
Language: English
Release Date: December 19, 2011
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...