Financial Beast? The Development and Regulation of Financial Derivatives

Author: Alfred Steinherz
Publisher:
Publish Date: 2003-08-01
Features: This book originates from the award-winning paper "Derivatives of Beasts." It engagingly introduces the role of derivatives in the world's economic development and the role they will play in shaping future financial markets. As an effective risk management strategy, derivatives trading has developed rapidly over the past 20 years, especially in the increasingly sophisticated over-the-counter products tailored to client requirements. This rapid development has also raised growing concerns about the potential dangers of derivatives—the possibility that a collapse in the financial market system could trigger a catastrophic domino effect on a global scale.