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Dark Markets: Asset Pricing and Information Transmission in Over-the-Counter Markets Global-View

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Global-View

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Dark Markets: Asset Pricing and Information Transmission in Over-the-Counter Markets Global-ViewAuthor: Darrell Duffie Category: Business & Finance Language: English Publisher: Princeton University Press Publication date: December 19, 2011 Over the counter (OTC) markets for derivatives, collateralized debt obligations, and repurchase agreements played a significant role in the global financial crisis. Rather than being traded through a centralized institution such as a stock exchange, OTC trades are negotiated privately between market

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