Bank of England interest rate option study

CENTRAL BANK RESEARCH - In the first of a series of research papers published by the Centre for Central Banking Studies at the Bank of England, Richhild Moessner provides a survey of the structure and use of the over the counter options market focussing on interest rate options. It is hoped that the study will help the bank's work on monitoring risks to financial stability. Deputy governor David Clementi recently commented on the risks that credit derivatives pose.

"Over The Counter Interest

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