World Scientific Publishing Company 2010 Hard cover Good . All orders guaranteed and ship within 24 hours. Your purchase supports More Than Words, a nonprofit job training program for youth, empowering youth to take charge of their lives by taking charge of a business.

ISBN10: 9812837701, ISBN13: 9789812837707, [publisher: Wspc] Softcover . . All orders guaranteed and ship within 24 hours. Before placing your order for please contact us for confirmation on the book's binding. Check out our other listings to add to your order for discounted shipping.
[Waltham, MA, U.S.A.] [Publication Year: 2010]

ISBN10: 9812837701, ISBN13: 9789812837707, [publisher: World Scientific Publishing Company] Softcover
[Houston, TX, U.S.A.] [Publication Year: 2010]

ISBN10: 9812837701, ISBN13: 9789812837707, [publisher: World Scientific Publishing Company] Softcover nach der Bestellung gedruckt Neuware - Printed after ordering - This book analyzes in depth all major derivatives debacles of the last half century including the multi-billion losses and/or bankruptcy of Metallgesellschaft (1994), Barings Bank (1995), Long Term Capital Management (1998), Amaranth (2006), Soci¿ G¿rale (2008) and AIG (2008). It unlocks the secrets of derivatives by telling the stories of institutions which played in the derivative market and lost big. For some of these unfortunate organizations it was daring but flawed financial engineering which brought them havoc. For others it was unbridled speculation perpetrated by rogue traders whose unchecked fraud brought their house down.Should derivatives be feared ¿as financial weapons of mass destruction¿ or hailed as financial innovations which through efficient risk transfer are truly adding to the Wealth of Nations By presenting a factual analysis of how the malpractice of derivatives played havoc with derivative end-user and dealer institutions, a case is made for vigilance not only to market and counter-party risk but also operational risk in their use for risk management and proprietary trading. Clear and recurring lessons across the different stories call not only for a tighter but also ¿smarter¿ control system of derivatives trading and should be of immediate interest to financial managers, ...
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