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SUMMARY:Over the Counter Markets (2) - Duffie\, D (Stanford University)
DTSTART:20140909T130000Z
DTEND:20140909T143000Z
UID:TALK54104@talks.cam.ac.uk
CONTACT:Mustapha Amrani
DESCRIPTION:Over-the-counter (OTC) markets for derivatives\, credit deriva
 tives and repurchase agreements played a significant role in the global fi
 nancial crisis. Rather than being traded through a centralized institution
  such as a stock exchange\, OTC trades are negotiated privately between ma
 rket participants who may be unaware of prices that are currently availabl
 e elsewhere in the market. In these relatively opaque markets\, investors 
 can be in the dark about the most attractive available terms and who might
  be offering them. This opaqueness exacerbated the financial crisis\, as r
 egulators and market participants were unable to quickly assess the risks 
 and pricing of these instruments.\n\nThese lecture by Prof. Duffie will pr
 ovide a concise introduction to  key  modeling  issues and techniques used
  for studying questions such as valuation\, risk sharing and information t
 ransmission in OTC markets.\n\n
LOCATION:Seminar Room 1\, Newton Institute
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