MI OTRO BLOG SE LLAMA

viernes, 9 de septiembre de 2011

Sobre mercados financieros

    • Trying to make liquid markets out of assets that are naturally illiquid is a fool’s bargain.
    • derivatives should be regulated as insurance contracts, and subject to the doctrine of insurable interest.
    • Markets for goods and services might be efficient, but not those for assets, where values are not as easily estimated.

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