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An overview of the market for risk management products

James Ang (Florida State University, College of Business, Tallahassee, Florida)
Ali Fatemi (DePaul University, Department of Finance, Chicago, Illinois)
Mark Popiela (Florida State University, College of Business, Tallahassee, Florida)

Managerial Finance

ISSN: 0307-4358

Article publication date: 1 March 2000

Abstract

Outlines the development of risk management products, reviews relevant research and identifies reasons for their rapid growth. Reports a study of US public issues of securities from 1962 to 1998 which examines the introduction and longevity of various types; and analyses the issuers and leading underwriters for each and the countries involved. Confirms the important role of banks and financial institutions in the market and shows that Europe is the leading area for the issue of currency securities and demand for both these and interest rate securities. Adds that Japanese underwriters lead in currency securities and US underwriters in interest rate securities. Provides a glossary of technical terms.

Keywords

Citation

Ang, J., Fatemi, A. and Popiela, M. (2000), "An overview of the market for risk management products", Managerial Finance, Vol. 26 No. 3, pp. 51-74. https://doi.org/10.1108/03074350010766530

Publisher

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MCB UP Ltd

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