Banking Industry: Structure and Competition - Financial innovation and growth of shadow banking system - Responses to change in demand conditions
4 important questions on Banking Industry: Structure and Competition - Financial innovation and growth of shadow banking system - Responses to change in demand conditions
What was the effect of interest-rate volatility?
Result: appearance of financial derivatives in the 1970s
How did products offer help (hedge) to protect investors and financial institutions against interest-rate risk?
How was this hedging created?
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Until 1975 there were only commodities on which the future contracts were created, what came after?
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