Browsing The Economic and Social Review, Vol. 21, No. 2, January, 1990 by Subject "Europe"
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Binomial option pricing and the conditions for early exercise: An example using foreign exchange options
(Economic & Social StudiesDublin, 1990)In this paper arc derived simple and general conditions under which the value of an American option will exceed that of its European counterpart. These conditions are developed using the binomial option pricing framework. ...