John HullJoseph L. Rotman School of Management, University of Toronto, Canada
Received: 19 April 2014
Accepted: 27 May 2014
Published: 20 August 2014
This paper describes the changes taking place in derivatives markets as a result of the 2007–2009 credit crisis. It discusses the developments of new platforms for trading, the use of central counterparties for clearing, the role of trade repositories, and the requirements for the posting of collateral. It explains the way in which the over-the-counter and exchange-traded derivatives markets are converging and argues that liquidity is becoming as important as capital to banks in their decision making.
The changing landscape for derivatives.pdf
(104.92 KB, 需要: 1 个论坛币)



雷达卡




京公网安备 11010802022788号







