Description
Sensational news reports have detailed the role of derivative instruments in financial disasters involving major public authorities and blue- ribbon international companies-Orange County, Metallgesellschaft, Procter & Gamble and Barings bank.
Calls for controls on the use of derivatives have followed these incidents.
But derivatives are here to stay a vital part of the workings of global financial markets, essential tools for the management of risk and an integral part of today's high-tech trading.
Derivatives Decoded describes in plain English the origins, development, uses, risks and benefits of these new financial instruments. It cuts through the confusion to cover:
- derivatives used to manage interest-rate and currency risk
- derivatives used in commodities markets
- derivatives used in equity markets
- risk management and control strategies
- the legal uncertainties and regulatory concerns
The book includes:
- an up-to-the-minute glossary of terms
- instructive case studies of recent losses, including a synopsis of the Barings PLC collapse
- the latest innovations of the Sydney Futures Exchange and the Australian Stock Exchange
Derivatives Decoded is another ground-breaking book from Edna Carew who has built a reputation for an unparalleled ability to describe complex financial concepts in language everyone can understand. As with Fast Money and Language of Money-both continuing best-sellers-she is again at the cutting edge with Derivatives Decoded.
ISBN:9781863739054
