Managing Derivatives Risk: The Use and Abuse of Leverage - Tapa dura

Chew, Lilian

 
9780471956228: Managing Derivatives Risk: The Use and Abuse of Leverage
Tapa dura
ISBN 10: 0471956228 ISBN 13: 9780471956228
Editorial: John Wiley & Sons Ltd, 1996

Sinopsis

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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De la solapa interior

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.

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Editorial
John Wiley & Sons Ltd
Año de publicación
1996
Idioma
Inglés
ISBN 10 
0471956228
ISBN 13 
9780471956228
Encuadernación
Tapa dura
Número de páginas
256
Contacto del fabricante
no disponible
Persona responsable
no disponible