Parimutuel Applications In Finance : New Markets for New Risks, PDF eBook

Parimutuel Applications In Finance : New Markets for New Risks PDF

Part of the Finance and Capital Markets Series series

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Financial intermediaries typically offer derivatives to their customers only when they can hedge the exposures from these transactions.

Baron and Lange show that parimutuel auctions can be used by financial intermediaries to offer derivatives without exposing themselves to risk.

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