Description
Book SynopsisA brilliantly conceived and lucidly written exposition of the most important topic on the frontier of modern finance. This book takes the mystery out of derivatives. Bravo!John H. Langbein, Professor, Yale Law School
Derivatives for Decision Makers is a first in explaining derivatives to those who need to understand them. It explains what derivatives are, how they can be used as risk management tools, and what managers and decision makers need to know about the subject. Not only is the technical substance superb, but the form is accessible to all decision makers.Afsaneh Mashayekhi Beschloss, Director, The World Bank Group
Derivatives for Decision Makers is an excellent resource for both users and providers of derivative products, regardless of the reader''s level of sophistication. The recent highly publicized derivatives problems are objectively reviewed by the authors who contribute important and sensible recommendations to avoid similar situations in the future.Dipak K. R
Table of Contents
INTRODUCING DERIVATIVES.
Options and Futures.
Swaps and Structured Notes.
Mortgage "Derivatives." Leverage.
DERIVATIVES IN ACTION.
Overview of Modern Derivatives Uses.
Hedging a Stock Portfolio.
Business Risk Management.
Investing Through Derivatives.
UNDERSTANDING AND MANAGING RISK.
Summary of Risk.
Derivative Disasters.
Derivative Regulation.
Controlling Risk.
FIDUCIARY RESPONSIBILITIES OF USING DERIVATIVES.
Your Fiduciary Duty.
Standard of Care in Delegation.
Legal Liability in Using Derivatives.
Looking Forward.
Glossary.
Index.
