Abstract: We study a generalization of the model of a dark market due to Duffie- Gârleanu- Pedersen [6]. Our market is segmented and involves. By Sina Marquardt; Darrell Duffie: Dark markets, asset pricing and information transmission in over-the-counter markets. In response to the financial crisis of to , a large number of financial assets, such as derivatives, collateralized debt obligations, and.

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Processed by PayPal Get more time to pay. Learn more – opens in a new window or tab. Other editions – View all Dark Markets: The majority of pages are undamaged with some creasing or tearing, and pencil underlining of text, but this is minimal.

He gives an overview of asset pricing in OTC markets with symmetric and asymmetric information, showing how information percolates through these markets as investors encounter each other over time. In these relatively opaque markets, investors can be in the dark about the most attractive available udffie and who might be offering them.

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Humboldt Distinguished Lecture Series: Dark Markets

We may receive commission if your application for credit is successful. The degree of market opaqueness is indicated by variation in execution prices across different trades at a given time, and the impact of supply shocks and information releases on price behavior over time. Sign in for checkout Check out as guest. Add to Watch list. Add to Watch list Watching Watch list is full.

Representative APR variable There are 1 items available. Asset Pricing and Information Transmissi Asset Pricing and Information Tr The Economist Guide to Commodities: See other items More Back to home page. Get an immediate offer. Account Options Sign in. The DLS consists of a series of three one-hour lectures. This opaqueness exacerbated the financial crisis, as regulators and market participants were unable to quickly assess the risks and pricing of these instruments.

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Please enter a valid postcode. Learn More – opens in a new window duffoe tab Any international postage is paid in part to Pitney Bowes Inc. April 22, Description Postage and payments. Learn More – opens in a new window or tab International duffie and import charges paid to Pitney Bowes Inc.

Rather dufgie being traded through a centralized institution such as a stock exchange, OTC trades are negotiated privately between market I will explain how the opaqueness of some financial markets, particularly over-the-counter markets, affects the valuation of assets and investment behavior.

Binding has minimal wear.

This item will post to United Statesbut the seller hasn’t specified postage options. This book also features appendixes containing methodologies supporting the more theory-oriented of the chapters, making this the most self-contained introduction to OTC markets available.

Economics > General Economics

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