Download PDF Global Derivative Debacles: From Theory to Malpractice (Second Edition)
When I'm wanted to review something, I wish to search for at certain book. And now, I'm still perplexed of what type of book that can help me make need of this time. Do you feel the same? Wait, can everyone tell me what to prefer to delight my lonesome as well as free time? What sort of book is truly advised? Such a difficult thing, this is exactly what you as well as I possibly feel when having extra leisure as well as have no suggestion to review.
Global Derivative Debacles: From Theory to Malpractice (Second Edition)
Download PDF Global Derivative Debacles: From Theory to Malpractice (Second Edition)
No wonder you activities are, reviewing will be always needed. It is not only to satisfy the duties that you have to complete in due date time. Checking out will certainly encourage your mind and thoughts. Naturally, reading will greatly establish your experiences about everything. Checking out Global Derivative Debacles: From Theory To Malpractice (Second Edition) is likewise a way as one of the collective publications that offers lots of benefits. The advantages are not only for you, however, for the other individuals with those purposeful advantages.
This is why we suggest you to always see this page when you need such book Global Derivative Debacles: From Theory To Malpractice (Second Edition), every book. By online, you could not getting the book shop in your city. By this on-line library, you can locate the book that you actually intend to review after for long period of time. This Global Derivative Debacles: From Theory To Malpractice (Second Edition), as one of the advised readings, tends to remain in soft file, as all book collections here. So, you could also not get ready for couple of days later on to get and also review the book Global Derivative Debacles: From Theory To Malpractice (Second Edition).
Based upon that instance, it's clear that your time to read this book will not invest lost. You can begin to conquer this soft documents book to favor much better analysis material. Yeah, discovering this book as checking out publication will supply you unique experience. The fascinating topic, simple words to comprehend, and eye-catching improvement make you really feel comfy to only read this Global Derivative Debacles: From Theory To Malpractice (Second Edition)
After getting this book, it will certainly be better for you to review it asap. This publication will certainly interact the description as well as reasons of why this publication is most wanted. It will certainly be the methods you obtain the new capability and also skills to be better. Naturally it will assist you to face the troubles of due date jobs. Global Derivative Debacles: From Theory To Malpractice (Second Edition) is really considerable to do and obtain, so what type of publication material that you require currently? Find them in the listings of this web site.
From the Inside Flap
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), Socit Gnrale (2008), AIG (2008) and JP Morgan-Chase (2012). 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 in this volume call not only for a tighter but also "smarter" control system of derivatives trading and should be of immediate interest to financial managers, bankers, traders, auditors and regulators who are directly or indirectly exposed to financial derivatives. The book groups cases by derivative category, starting with the simplest and building up to the most complex namely, Forwards, Futures, Options and Swaps in that order, with applications in commodities, foreign exchange, stock indices and interest rates. Each chapter deals with one derivative debacle, providing a rigorous and comprehensive but non-technical elucidation of what happened.
Read more
Product details
Paperback: 368 pages
Publisher: World Scientific Pub Co Inc; 2 edition (July 10, 2015)
Language: English
ISBN-10: 9814699896
ISBN-13: 978-9814699891
Product Dimensions:
6 x 0.8 x 8.9 inches
Shipping Weight: 14.4 ounces (View shipping rates and policies)
Average Customer Review:
4.0 out of 5 stars
2 customer reviews
Amazon Best Sellers Rank:
#1,338,673 in Books (See Top 100 in Books)
Case studies of financial institutions that blew themselves up using derivatives. Majority of cases involved going all in on a single trade (or series of trades based on one theory), outright fraud, breaking of US securities laws, and traders bypassing internal corporate trading rules.The derivatives themselves didn't fail. It was the application of it filled with stupidity. For example LTMC which leveraged up 30x - if your position falls just 3.3% you've lost 99% of your capital! Hellooooo! The two Noble Prize winners at LTMC somehow overlooked that!In nearly every case covered, the position size was so large that if the trade didn't work out (ever think of that?), the loss would be a significant fraction (if not more) of the entire capitalization of the financial institution.The book also covered rogue traders and how they got away with what they did. If you are a risk manager managing traders, this should be required reading. If you are a day trader, the info in this book isn't that useful outside of just better understanding how financial institutions operate behind the scenes.note to author: there is a typo on nearly every page, often times distracting. The dates and years for some of the events are wrong, sometimes by a decade.
Surprisingly revealing, in depth review.
Global Derivative Debacles: From Theory to Malpractice (Second Edition) PDF
Global Derivative Debacles: From Theory to Malpractice (Second Edition) EPub
Global Derivative Debacles: From Theory to Malpractice (Second Edition) Doc
Global Derivative Debacles: From Theory to Malpractice (Second Edition) iBooks
Global Derivative Debacles: From Theory to Malpractice (Second Edition) rtf
Global Derivative Debacles: From Theory to Malpractice (Second Edition) Mobipocket
Global Derivative Debacles: From Theory to Malpractice (Second Edition) Kindle
0 komentar:
Posting Komentar