Answer to Question 1
Buyers and sellers of futures contracts have symmetric rights. Buyers and sellers of options contracts have asymmetric rights. Options represent the right to buy or sell the underlying asset. This means that buyers have rights, but sellers have obligations.
Answer to Question 2
The divine coincidence applies when policy makers are able to respond to a single shock at a time. If shocks occur at a faster pace than policies can be implemented, then policies may be destabilizing. The argument that the economy's self-correcting mechanism is too slow cannot justify policies that, in practice, are even slower.
Women who are monozygotic twins and have the same genes are more similar in their marital happiness
Chinese workers on a railway in the far West. “Without them,” Leland Stanford, president of the Cent
Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo
The National Organization for Women holds a rally in Illinois for the Equal Rights Amendment. In ...
Religion can promote social change, as was evident in the U.S. civil rights movement. Dr. Martin ...
The early development of the mammalian brain illustrated in schematic horizontal sections. Compare ...