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The aim of this article is to examine the threat of systemic risk posed by speculative OTC derivative financing to … threats that OTC derivative financing may have on the overall stability of contemporary financial systems. While the threat is …
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Most developing country debt is denominated in U.S. dollars and has a floating interest rate. The pricing of floating rate debt and related interest rate options are examined in this paper. Formulas for pricing ceilings and floors on floating rate debt are derived for several different models of...
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world economy to it. Tying executive bonuses to long run performance, separating investment and commercial banking and …
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