Full Text of Paper
- Source Type: Journal
- Document Type: Study
- Document Language: English
- Published on: 31. 12. 2013
- File Format: PDF
- File Size: 846 kB
In: Societas et iurisprudentia • 2013 • Volume 1 • Issue 1 • Pages 246-254 • ISSN 1339-5467
Abstract: Looking into the concept of a risk-free rate we distinguish the two different streams. One takes into account a store of value in a safe investment (e.g. for pension funds or minimum provisioning via accumulation of cheap zero-risk weight assets) and another makes use of such measure as a proxy for quantification of risk. We are addressing a discrepancy between the two concepts since it creates a gap that may triggers imbalances in financial markets.
Key Words: Risk-Free Assets; Concepts of Risk-Free Assets; Risk-Free Rate; German Bund; Overnight Indexed Swap; Quantification of Risk; Imbalances in Financial Markets.
GERTLER, Ľ. Roles and Uses of Risk-Free Assets. Societas et iurisprudentia [online]. 2013, vol. 1, no. 1, pp. 246-254 [cit. 2020-01-01]. ISSN 1339-5467. Available at: http://sei.iuridica.truni.sk/international-scientific-journal/archive/issue-2013-01/roles-and-uses-of-risk-free-assets/.