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Constructing the Market for Credit Derivatives: How Major Investment Banks Handle Ambiguities

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Finance: The Discreet Regulator

Abstract

What relationship is there between the highly modern financial market for credit derivatives and the auction sale of a prized Kansas dairy cow? Although both involve some form of economic behaviour, the old-fashioned, if not exotic, ritual of auctions seems to be at odds with the style of transactions on one of the most modern and sophisticated derivatives markets. However, appearances can sometimes be deceptive.

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Authors
  1. Isabelle Huault
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  2. Hélène Rainelli-Weiss
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Editor information

Isabelle Huault Chrystelle Richard

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© 2012 Isabelle Huault and Hélèn Rainelli-Weiss

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Huault, I., Rainelli-Weiss, H. (2012). Constructing the Market for Credit Derivatives: How Major Investment Banks Handle Ambiguities. In: Huault, I., Richard, C. (eds) Finance: The Discreet Regulator. Palgrave Macmillan, London. https://doi.org/10.1057/9781137033604_11

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