Lecture Financial markets and institutions: Chapter 23 - Anthony Saunders, Marcia Millon Cornett
Lecture Financial markets and institutions: Chapter 23 - Anthony Saunders, Marcia Millon Cornett
Chapter 23 - Managing risk off the balance sheet with derivative securities. This chapter analyzed the risk-management role of forwards, futures, options, and swaps. These (off-balance-sheet) derivative securities provide FIs with a low-cost alternative to managing risk exposure directly on the balance sheet.