Global derivative debacles : from theory to malpractice / Laurent L. Jacque.

Format:

Book

Author/Creator:

Jacque, Laurent L.

Language:

English

Subjects (All):

Derivative securities.

Finance.

Physical Description:

1 online resource (337 p.)

Edition:

1st ed.

Place of Publication:

Singapore ; Hackensack, NJ : World Scientific, c2010.

Language Note:

English

Summary:

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 tighter but also smarter control system of derivations

Contents:

Preface; Acknowledgments; About the Author; CONTENTS; List of Figures; List of Tables; List of Boxes; Chapter 1: Derivatives and the Wealth of Nations; What are Derivatives?; A Brief History of Derivatives; Derivatives and the Wealth of Nations; Organization of the Book; Bibliography; PART I: FORWARDS; Chapter 2: Showa Shell Sekiyu K.K.; Chapter 3: Citibank's Forex Losses; Chapter 4: Bank Negara Malaysia; PART II: FUTURES; Chapter 5: Amaranth Advisors LLC; Chapter 6: Metallgesellschaft; Chapter 7: Sumitomo; PART III: OPTIONS; Chapter 8: Allied Lyons; Chapter 9: Allied Irish Banks

Chapter 10: Barings Chapter 11: Société Générale; PART IV: SWAPS; Chapter 12: Procter & Gamble; Chapter 13: Gibson Greeting Cards; Chapter 14: Orange County; Chapter 15: Long-Term Capital Management; Chapter 16: AIG; Chapter 17: From Theory to Malpractice: Lessons Learned; Index

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

9786612757518

9781282757516

1282757512

9789812837714

981283771X

OCLC:

671655062