Abstract
Since the end of the Bretton Woods agreement in 1971 the volatility of interest rates has sharply increased. Moreover, the competition between banks has significantly reduced the net margin account. These cumulated effects have among others induced the emergence of major financial innovations. One of them is the option on bonds.
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© 1994 Physica-Verlag Heidelberg
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Daenen, B., Mareschal, B. (1994). A Decision Support System for the Evaluation of Bond Options in Imperfects Markets. In: Peccati, L., Virén, M. (eds) Financial Modelling. Contributions to Management Science. Physica-Verlag HD. https://doi.org/10.1007/978-3-642-86706-4_13
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DOI: https://doi.org/10.1007/978-3-642-86706-4_13
Publisher Name: Physica-Verlag HD
Print ISBN: 978-3-7908-0765-3
Online ISBN: 978-3-642-86706-4
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