The Economics Of Derivatives
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The Economics Of Derivatives
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Author : T. V. Somanathan
language : en
Publisher: Cambridge University Press
Release Date : 2015-03-02
The Economics Of Derivatives written by T. V. Somanathan and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-03-02 with Business & Economics categories.
This book examines the beneficial and adverse effects of derivatives trading from economic theory and the recent economic history.
Derivatives
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Author : T. V. Somanathan
language : en
Publisher: Cambridge University Press
Release Date : 2017-11-24
Derivatives written by T. V. Somanathan and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-24 with Business & Economics categories.
A comprehensive, concise treatment of the subject of derivatives focusing on making essential concepts accessible to wider audiences.
Derivatives And The Wealth Of Societies
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Author : Benjamin Lee
language : en
Publisher: University of Chicago Press
Release Date : 2016-11-02
Derivatives And The Wealth Of Societies written by Benjamin Lee and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-11-02 with Business & Economics categories.
Derivatives were responsible for one of the worst financial meltdowns in history, one from which we have not yet fully recovered. However, they are likewise capable of generating some of the most incredible wealth we have ever seen. This book asks how we might ensure the latter while avoiding the former. Looking past the usual arguments for the regulation or abolition of derivative finance, it asks a more probing question: what kinds of social institutions and policies would we need to put in place to both avail ourselves of the derivative’s wealth production and make sure that production benefits all of us? To answer that question, the contributors to this book draw upon their deep backgrounds in finance, social science, art, and the humanities to create a new way of understanding derivative finance that does justice to its social and cultural dimensions. They offer a two-pronged analysis. First, they develop a social understanding of the derivative that casts it in the light of anthropological concepts such as the gift, ritual, play, dividuality, and performativity. Second, they develop a derivative understanding of the social, using financial concepts such as risk, hedging, optionality, and arbitrage to uncover new dimensions of contemporary social reality. In doing so, they construct a necessary, renewed vision of derivative finance as a deeply embedded aspect not just of our economics but our culture.
The Social Life Of Financial Derivatives
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Author : Edward LiPuma
language : en
Publisher: Duke University Press
Release Date : 2017-08-11
The Social Life Of Financial Derivatives written by Edward LiPuma and has been published by Duke University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-08-11 with Social Science categories.
In The Social Life of Financial Derivatives Edward LiPuma theorizes the profound social dimensions of derivatives markets and the processes, rituals, and belief systems that drive them. In response to the 2008 financial crisis and drawing on his experience trading derivatives, LiPuma outlines how they function as complex devices that organize speculative capital as well as the ways derivative-driven capitalism not only produces the conditions for its own existence, but also penetrates the fabric of everyday life. Framing finance as a form of social life and highlighting the intrinsically social character of financial derivatives, LiPuma deepens our understanding of derivatives so that we may someday use them to serve the public well-being.
Capitalism With Derivatives
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Author : D. Bryan
language : en
Publisher: Springer
Release Date : 2005-12-16
Capitalism With Derivatives written by D. Bryan and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-12-16 with Business & Economics categories.
What are the links between things as diverse as the prices of pork bellies, interest rates, and corporate stock? They are all being translated into risk and priced through the system of derivative markets. Financial derivatives are now the largest form of financial transaction in the world, and they are transforming in pervasive ways the lived experience of capitalist economies. Financial derivatives are anchoring the global financial system and challenging the conventional understanding of ownership, money and capital. These challenges are examined in this book, providing a significant reinterpretation of contemporary capitalism that will be of interest to both social scientists and conventional finance scholars.
Derivatives
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Author : iMinds
language : en
Publisher: iMinds Pty Ltd
Release Date : 2009
Derivatives written by iMinds and has been published by iMinds Pty Ltd this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Business & Economics categories.
Learn about Derivatives with iMinds Money's insightful fast knowledge series. In economics, a derivative is defined as a financial instrument or an "agreement" between two parties that is based on an "underlying" and generally tangible asset, such as a stock or a commodity. For example, during the process of purchase there is a financial exchange for what is essentially a material benefit or instrument. Therefore, a derivative merely "derives" its value from this underlying asset which is of true material value. Financial investors use derivatives as a means of leverage in what is known as the derivative market. An example of a common form of derivative is that of a customer who walks into a store and purchases a cigar in exchange for money. In this case, the exchange is complete and both parties hold tangible items. However, if the customer had phoned the dealer in advance, requesting the cigar be held for two hours until he/ she arrived and the retailer agrees, then a derivative is created. The agreement is simply derived from a proposed exchange, that they will trade money for cigar in two hours, not now. iMinds will hone your financial knowledge with its insightful series looking at topics related to Money, Investment and Finance. whether an amateur or specialist in the field, iMinds targeted fast knowledge series will whet your mental appetite and broaden your mind. iMinds unique fast-learning modules as seen in the Financial Times, Wired, Vogue, Robb Report, Sky News, LA Times, Mashable and many others. the future of general knowledge acquisition.
Capitalism With Derivatives
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Author : Dick Bryan
language : en
Publisher: Palgrave Macmillan
Release Date : 2006-03-17
Capitalism With Derivatives written by Dick Bryan and has been published by Palgrave Macmillan this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-03-17 with Business & Economics categories.
What are the links between things as diverse as the prices of pork bellies, interest rates, and corporate stock? They are all being translated into risk and priced through the system of derivative markets. Financial derivatives are now the largest form of financial transaction in the world, and they are transforming in pervasive ways the lived experience of capitalist economies. Financial derivatives are anchoring the global financial system and challenging the conventional understanding of ownership, money and capital. These challenges are examined in this book, providing a significant reinterpretation of contemporary capitalism that will be of interest to both social scientists and conventional finance scholars.
Pricing Derivative Securities
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Author : Thomas W Epps
language : en
Publisher: World Scientific Publishing Company
Release Date : 2007-06-04
Pricing Derivative Securities written by Thomas W Epps and has been published by World Scientific Publishing Company this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-06-04 with Business & Economics categories.
This book presents techniques for valuing derivative securities at a level suitable for practitioners, students in doctoral programs in economics and finance, and those in masters-level programs in financial mathematics and computational finance. It provides the necessary mathematical tools from analysis, probability theory, the theory of stochastic processes, and stochastic calculus, making extensive use of examples. It also covers pricing theory, with emphasis on martingale methods. The chapters are organized around the assumptions made about the dynamics of underlying price processes. Readers begin with simple, discrete-time models that require little mathematical sophistication, proceed to the basic Black-Scholes theory, and then advance to continuous-time models with multiple risk sources. The second edition takes account of the major developments in the field since 2000. New topics include the use of simulation to price American-style derivatives, a new one-step approach to pricing options by inverting characteristic functions, and models that allow jumps in volatility and Markov-driven changes in regime. The new chapter on interest-rate derivatives includes extensive coverage of the LIBOR market model and an introduction to the modeling of credit risk. As a supplement to the text, the book contains an accompanying CD-ROM with user-friendly FORTRAN, C++, and VBA program components.
Derivatives And Development
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Author : Sasha Breger Bush
language : en
Publisher: Springer
Release Date : 2012-07-16
Derivatives And Development written by Sasha Breger Bush and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-07-16 with Business & Economics categories.
Breger Bush argues that derivatives markets work in the development context as engines of inequality and instability, aggravating poverty among those they are purported to help and highlighting some of the dangers of neoliberal globalization for the poor.
The Power Of Derivatives In The Global Financial System
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Author : Maximilian A. Killinger
language : en
Publisher: GRIN Verlag
Release Date : 2010-01-11
The Power Of Derivatives In The Global Financial System written by Maximilian A. Killinger and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-01-11 with Business & Economics categories.
Seminar paper from the year 2009 in the subject Economics - Monetary theory and policy, grade: A, City University London, language: English, abstract: This work is to discuss the role and power of derivatives in the global financial markets and their ability to reduce, diversify and enhance risks associated with international capital flows. During the last two decades derivatives, as fiscal instruments, experienced enormous growth and gained increasingly of importance. This is mainly due to their ability to allow the spreading of risks in cross border capital movements, making such investments more appealing and the diversification of portfolios more likely. Yet, derivative markets are controversial because they are not well known outside a small group of specialists. Most people look at them with suspicion and focus on their role as highly effective instruments for speculation. Given the leverage they provide fortunes can be made or lost in the wink of an eye. Although derivatives do not create anything it will be shown in the course of this study that the importance of derivatives lies in the fact that they can be used to reduce, diversify and control uncertainty and risks associated with various corporate activities, thus creating substantial benefits as well as complexities. Section one is going to define the most common derivative products before addressing their general purpose followed by exemplifying two principal risks aligned with the use of derivatives, namely credit- and market risk. Subsequently this works is going to discuss the positive as well as the negative effects derivatives may have on banks and investors. Sections five, six and seven will then illuminate systematic predicaments, address risks and eventually conclude after having considered the entanglement and market share of derivatives. Warren Buffett, Forbes-listed as the richest person in the world, has called credit derivatives financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal. Nominally they are insurances against defaults, but they encourage greater gambles and credit expansion, which are moral hazards whereas Alan Greenspan, on the other hand, observed that derivatives have come to play an exceptionally important role in our financial system and in our economy. These instruments allow users to unbundle risks and allocate them to the investors most willing and able to use them. It is this study’s object to illuminate the complexity of derivatives and exemplify both, their advantageous and unfavourable but yet undeniably powerful characteristics.