Can the Financial Markets Privately Regulate Risk?: The Development of Derivatives Clearinghouses and Recent over-the-Counter Innovations

Abstract

Randall S. Kroszner, Can the Financial Markets Privately Regulate Risk?: The Development of Derivatives Clearinghouses and Recent over-the-Counter Innovations, Journal of Money, Credit and Banking, Vol. 31, No. 3, Part 2: The Role of Central Banks in Money and Payments Systems (Aug., 1999), pp. 596-618