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The book examines the transformation of the OTC derivatives market following the credit crisis, focusing on the implementation of mandatory central clearing as a key reform. It provides an analysis of the market's state prior to the crisis, clarifies the concept of central clearing, and explores the implications of the new regulatory measures on financial practices and stability.
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OTC Derivatives: Bilateral Trading and Central Clearing, David Murphy
- Language
- Released
- 2013
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- (Paperback)
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