Krótka sprzedaż bez pokrycia jako nowe potencjalne źródło ryzyka systemowego Naked short selling as a potential source of systemic risk
Journal Title: Annales Universitatis Mariae Curie-Skłodowska Sectio H Oeconomia - Year 2013, Vol 0, Issue 0
Abstract
The articles presents a mechanism of naked short selling as a new source of systemic risk quoting the example of silver market. For starters, financial instability of banks is discussed and presented as a source of systemic risk. Attention is also paid to theoretical consequences following from naked short selling. The last section of the paper is the analysis of a specific case, namely the concentration of short positions in silver owned by JP Morgan bank. In conclusion the author highlights the fact that naked short selling may pose systemic risk due to the insolvency of investors who are not capable of supplying the silver they have sold.
Authors and Affiliations
Waldemar Aspadarec
Keywords
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- EP ID EP169161
- DOI 10.17951/h.2013.47.3.19
- Views 67
- Downloads 0
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