Danger on the Exchange: How Counterparty Risk Was Managed on the Paris Bourse in the Nineteenth Century
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https://www.nber.org/papers/w15634
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资源简介：
Over the course of the nineteenth century, the struggles of Paris Bourse to manage counterparty risk revealed the awkward choices that face derivatives exchanges. Shortly after it was founded, the stock exchange, primarily a forward market, instituted a mutual guarantee fund to prevent broker
提供机构：
美国国家经济研究局
创建时间：
2010-01-01
