search query: @author Dow, J. / total: 6
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| Author: | Dow, J. |
| Title: | Arbitrage, hedging and financial innovation |
| Journal: | Review of Financial Studies
1998 : WINTER, VOL. 11:4, p. 739-755 |
| Index terms: | ARBITRAGE HEDGING FINANCIAL INNOVATION |
| Language: | eng |
| Abstract: | This paper analyzes the economic consequences of introducing a new security. Welfare analysis of the standard finance models of trading with informational asymmetry has been rare and not previously studied the value of financial innovation. The paper also explores the links between speculative and hedging demands for securities. |
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