Contacto
Cómo comprar
Entrega
Guía de compras
Inglés
87 b
Política de devolución de 30 días
Clientes que también han comprado
/
Tapa dura
476.59
€
/
Tapa blanda
25.69
€
/
Tapa blanda
29.49
€
/
Tapa blanda
20.99
€
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.
Sobre el libro
Inglés
Categorías
Regale este libro hoy
Es fácil
1 Añadir al carrito y elegir Entregar como regalo en el checkout 2 Le enviaremos un vale 3 El libro llegará a la dirección del destinatarioTambién puede interesarle
/
Tapa dura
34.79
€
/
Tapa blanda
9.19
€
¡Hola! Soy Libroamiko, tu asesor de libros.
¿Cómo puedo ayudarte?