Valuing the Futures Market Clearinghouse's Default Exposure During the 1987 Crash
收藏NBER1998-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w6505
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资源简介：
Futures market clearinghouses are intermediaries that make large volume trading between anonymous parties feasible. During the October 1987 market crash rumors spread that a major clearinghouse might fail. This paper presents estimates of three measures of the default exposure on the popular S&P500
提供机构：
美国国家经济研究局
创建时间：
1998-04-01
