Securities Lending and Repos
- Brand: Hohmann, Dr. Ralf
- Availability: In stock
- SKU: 9783863760793
Securities lending and repos are key instruments on the German financial markets. They support trading on the spot markets and make transactions on the futures markets possible in the first place. In 2008, however, they were considered the cause and accelerator of the financial crisis and some were banned. Wrongly...
Securities lending and repos are key instruments on the German financial markets. They support trading on the spot markets and make transactions on the futures markets possible in the first place. In 2008, however, they were considered the cause and accelerator of the financial crisis and some were banned. Wrongly so, as it turned out in hindsight. Rather, it is advisable to examine these instruments and use them to advantage depending on the strategy. This thesis is intended to present different forms and transactions involving securities lending and repos. Their applicability is examined on German financial markets. The explanations show how selected strategies with securities lending and repos can be used to achieve excess returns that are above the risk-free interest rate for the corresponding maturities. The explanations are derived with suitable formulas, an application in practice should then be possible. The work concludes with further thoughts on future research topics.
- Title: Securities Lending and Repos
- Subtitle: Excess returns with the same instruments and selected strategies
- Author: Dr. Ralf Hohmann
- Edition: 1st edition
- University: University of Hamburg
- Published: 1st edition 05.06.2014
- Subject: Economics
- Product Type: Book (Hardcover)
- Product type: Dissertation
- Language: German
- Binding: Softcover (paperback)
- Dimensions: 21.0 x 14.8 cm (DIN A5)
- Scope: VII / 84 pages
- Condition: New (shrink-wrapped in foil)
- Keywords: Stocks and stock indices, financial crisis, financial markets, index options, cash markets, repos, risk-free interest rate, futures contracts, securities lending, excess returns
The author Dr. Ralf Hohmann, born in 1964, studied business administration at the University of Hamburg from 1983 to 1988. He then worked as a research assistant at the Institute for Money and Capital Transactions at the University of Hamburg and completed his doctorate in 1995. The title of the dissertation is: "Portfolio Insurance in Germany". Since then he has worked as a management consultant and entrepreneur in Hamburg and Lübeck.
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