Tail risks and contract design: BoE paper


Paul Fisher, the executive director for markets and a member of the Monetary Policy and Financial Policy Committees at the Bank of England, on Thursday presented a paper he co-authored with Patrik Edsparr, a visiting fellow at the Bank.

Titled Tail Risks and Contract Design from a Financial Stability Perspective, the paper gives a number of examples taken from the financial crisis, where financial contracts undertaken for hedging purposes, or with optional features designed to protect the issuer

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: