Global Derivative Debacles: From Theory To Malpractice (Second Edition)

Global Derivative Debacles: From Theory To Malpractice (Second Edition)
Author :
Publisher : World Scientific
Total Pages : 367
Release :
ISBN-10 : 9789814663274
ISBN-13 : 9814663271
Rating : 4/5 (74 Downloads)

Book Synopsis Global Derivative Debacles: From Theory To Malpractice (Second Edition) by : Laurent L Jacque

Download or read book Global Derivative Debacles: From Theory To Malpractice (Second Edition) written by Laurent L Jacque and published by World Scientific. This book was released on 2015-05-28 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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), Société Générale (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.What is new in the second edition? A new chapter on JP Morgan-Chase's London Whale, an in-depth discussion of credit-default swaps, and an update of the revamped regulatory framework with Basel 2.5 and Basel III against the backdrop of the Euro crisis, along with a revised and expanded discussion of the AIG debacle.


Global Derivative Debacles: From Theory To Malpractice (Second Edition) Related Books

Global Derivative Debacles: From Theory To Malpractice (Second Edition)
Language: en
Pages: 367
Authors: Laurent L Jacque
Categories: Business & Economics
Type: BOOK - Published: 2015-05-28 - Publisher: World Scientific

DOWNLOAD EBOOK

This book analyzes in depth all major derivatives debacles of the last half century including the multi-billion losses and/or bankruptcy of Metallgesellschaft (
International Corporate Finance, + Website
Language: en
Pages: 885
Authors: Laurent L. Jacque
Categories: Business & Economics
Type: BOOK - Published: 2014-03-24 - Publisher: John Wiley & Sons

DOWNLOAD EBOOK

A thorough introduction to corporate finance from a renowned professor of finance and banking As globalization redefines the field of corporate finance, interna
Financial Engineering
Language: en
Pages: 616
Authors: Tanya S. Beder
Categories: Business & Economics
Type: BOOK - Published: 2011-05-16 - Publisher: John Wiley & Sons

DOWNLOAD EBOOK

FINANCIAL ENGINEERING Financial engineering is poised for a great shift in the years ahead. Everyone from investors and borrowers to regulators and legislators
Research Handbook on Money Laundering
Language: en
Pages: 519
Authors: Brigitte Unger
Categories: Business & Economics
Type: BOOK - Published: 2013-01-01 - Publisher: Edward Elgar Publishing

DOWNLOAD EBOOK

Although the practice of disguising the illicit origins of money dates back thousands of years, the concept of money laundering as a multidisciplinary topic wit
Money, Markets, and Democracy
Language: en
Pages: 328
Authors: George Bragues
Categories: Political Science
Type: BOOK - Published: 2016-11-11 - Publisher: Springer

DOWNLOAD EBOOK

This book offers a comprehensive analysis of the ways that politics and financial markets impact one another. In this relationship, politics is the ultimate con