Managing Derivatives Risk: The Use and Abuse of Leverage - Rilegato

Chew, Lilian

Rilegato

ISBN 10: 0471956228 ISBN 13: 9780471956228

Casa editrice: John Wiley & Sons Ltd, 1996

Riassunto

The collapse of Barings Bank is the latest in a long line of financial disasters which have been blamed on derivatives. Promoters of these instruments argue that they provide a useful service, helping to manage risk in an increasingly volatile market. Misuse has occurred through a combination of greed, a lack of understanding of their unique risk and the failure of management to control those who have to deal in them. This guide explains in simple, non-technical terms the benefits and risks of derivatives. Through extensive discussion of recent high-profile losses, it demonstrates how derivatives have been misused and shares proven strategies for their successful management.

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Managing Derivative Risks uses familiar analogies to explain the complex risks of derivatives, and how to manage them. Derivatives are sold to consumers as risk-management tools, but they bring their own risks. This point seems to be ignored by some end-users, blinded as they are by the brilliance of a structure that promises them something for nothing. At the other end of the spectrum are those who doggedly refuse to see the virtues of such instruments and thus deprive their shareholders of the demonstrable benefits of such tools. Managing Derivative Risks seeks to help both groups understand the risks and rewards of instruments which will shape finance in the coming millennium.

Dettagli dell'edizione

• Editore: John Wiley & Sons Ltd
• Data di pubblicazione: 1996
• Lingua: Inglese
• ISBN 10: 0471956228
• ISBN 13: 9780471956228
• Rilegatura: Copertina rigida
• Numero di pagine: 256
• Contatto del produttore: non disponibile
• Persona responsabile: non disponibile