Author: Gerard GennottePublisher:
ISBN:
Category : Margins (Futures trading)
Languages : en
Pages : 46
Book Description
Low Margins, Derivative Securities, and Volatility
Author: Gerard GennottePublisher:
ISBN:
Category : Margins (Futures trading)
Languages : en
Pages : 46
Book Description
International Convergence of Capital Measurement and Capital Standards
Author: Publisher: Lulu.com
ISBN: 9291316695
Category : Bank capital
Languages : en
Pages : 294
Book Description
Stock Market Policy Since the 1987 Crash
Author: Hans R. StollPublisher: Springer Science & Business Media
ISBN: 1461557070
Category : Business & Economics
Languages : en
Pages : 143
Book Description
Since the US stock market crashed on October 19, 1987, many studies have been conducted to learn from this experience in the hopes of avoiding a similarly adverse future fall. The book, originally published as a special issue of the Journal of Financial Services Research, considers some of the important policy adjustments that have been implemented in the wake of the 1987 crash. Taken separately and together, these five papers offer a synthesis and summary of the most important policy innovations that have evolved since the largest single-day decline in stock market history.
The Evolution of Disclosure Regulation by the Securities and Exchange Commission
Author: David S. RuderPublisher:
ISBN:
Category : Disclosure of information
Languages : en
Pages : 428
Book Description
Fair Value Measurements
Author: International Accounting Standards BoardPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 104
Book Description
The Structure of Derivatives Exchanges
Author: George TsetsekosPublisher: World Bank Publications
ISBN:
Category : Clearing of securities
Languages : en
Pages : 48
Book Description
February 1998 Derivatives exchanges can offer emerging market economies certain important benefits, including risk transfer, price discovery, and more public information. But they are not a substitute for reform of financial, capital, and commodity markets. Tsetsekos and Varangis examine the architecture, elements of market design, and products traded in derivatives exchanges around the world. The core function of a derivatives exchange is to facilitate the transfer of risk among economic agents by providing mechanisms to enhance liquidity and facilitate price discovery. They test the proposition that organizational arrangements necessary to perform this function are not the same across markets. They also examine the sequencing of products introduced in derivatives exchanges. Using a survey instrument, they find that: * Financial systems perform the same core functions across time and place but institutional arrangements differ. * The ownership structure of derivatives exchanges assumes different forms across markets. * The success of an exchange depends on the structure adopted and the products traded. * Exchanges are regulated directly or indirectly through a government law. In addition, exchanges have their own regulatory structure. * Typically (but not always) market-making systems are based on open outcry, with daily mark-to-market and gross margining-but electronic systems are gaining popularity. * Several (but not all) exchanges own clearing facilities and use netting settlement procedures. As for derivative products traded, they find that: * Although most of the older exchanges started with (mainly agricultural) commodity derivatives, newer exchanges first introduce financial derivative products. * Derivatives based on a domestic stock index have greater potential for success followed by derivatives based on local interest rates and currencies. * The introduction of derivatives contracts appears to take more time in emerging markets compared with developed, with the exception of index products. This paper-a product of the Development Research Group-is part of research project Market Architecture and Design of Derivatives Exchanges (RPO 680-45). Earlier versions of the paper were presented at the annual meetings of the Multinational Finance Society (June 25-28, 1997) and the Financial Management Association (Honolulu, October 15-18, 1997).
Report on the Regulation of Futures Margins
Author: The SEC/CFTC Jurisdiction and Margin
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on SecuritiesPublisher:
ISBN:
Category : Capital market
Languages : en
Pages : 660
Book Description
Academic Foundation`S Bulletin On Banking And Finance Volume -36 Analysis, Reports, Policy Documents
Author: Editor : Sona KapilaPublisher: Academic Foundation
ISBN: 9788171882915
Category :
Languages : en
Pages : 236
Book Description
Author: