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- W1492438709 abstract "Financial derivatives, including options, are usually presented as a “new” development in finance. Certainly, such things as Credit Default Swaps appear new. On the other hand, some aspects of financial derivatives are very old, perhaps much older than is generally recognized. In this paper, we document that on a practical level, medieval clerics and merchants appear to have had at least an intuitive grasp of “put-call parity,” nearly five centuries before it was described in the scholarly literature." @default.
- W1492438709 created "2016-06-24" @default.
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- W1492438709 date "2013-01-01" @default.
- W1492438709 modified "2023-09-27" @default.
- W1492438709 title "Put-Call Parity and Approaches to Usury in Medieval Contracting" @default.
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- W1492438709 doi "https://doi.org/10.2139/ssrn.2345387" @default.
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