Derivatives

Name: Derivatives
Brand: LAP Lambert Academic Publishing
SKU: 9783659934858
Price: 710 CZK
Availability: InStock

Speculation, Hedging, and Economic Efficiency in US Common Law

Autor: Maximilian H. Dyck

Jazyk:

Vazba: Brožovaná

Vydavatel: LAP Lambert Academic Publishing

Dostupnost: Skladem u dodavatele

Odesíláme za 5-8 dnů

710 Kč

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

Informace o knize

Autor

Maximilian H. Dyck

Jazyk

Angličtina

Vazba

Kniha - Brožovaná

Vydáno

2016

Stránek

EAN

9783659934858

Enbook ID

14211178

Vydavatel

LAP Lambert Academic Publishing

Hmotnost

142

Rozměry

150 x 220 x 5

Kompletní popis

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.

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Derivatives

Speculation, Hedging, and Economic Efficiency in US Common Law

Informace o knize

Kompletní popis

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Zákaznicí kteří koupili tuto knihu koupili také