The Resource Global derivative debacles : from theory to malpractice, Laurent L. Jacque

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

Label
Global derivative debacles : from theory to malpractice
Title
Global derivative debacles
Title remainder
from theory to malpractice
Statement of responsibility
Laurent L. Jacque
Creator
Subject
Language
eng
Summary
"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), Societ́e ́Geńeŕale (2008) and AIG (2008). 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 call not only for 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."--Publisher's website
Cataloging source
DLC
Dewey number
332.64/57
Illustrations
illustrations
Index
index present
LC call number
HG6024.A3
LC item number
J335 2010
Literary form
non fiction
Nature of contents
bibliography
Label
Global derivative debacles : from theory to malpractice, Laurent L. Jacque
Publication
Bibliography note
Includes bibliographical references and index
http://library.link/vocab/branchCode
  • zbnus
  • mel
Contents
1. Derivatives and the Wealth of Nations -- Pt. I. Forwards -- 2. Showa Shell Sekiyu K. K. -- 3. Citibank's Forex Losses -- 4. Bank Negara Malaysia -- Pt. II. Futures -- 5. Amaranth Advisors LLC -- 6. Metallgesellschaft -- 7. Sumitomo -- Pt. III. Options -- 8. Allied Lyons -- 9. Allied Irish Banks -- 10. Barings -- 11. Societ́e ́Geńeŕale -- Pt. IV. Swaps -- 12. Procter & Gamble -- 13. Gibson Greeting Cards -- 14. Orange County -- 15. Long-Term Capital Management -- 16. AIG -- 17. From Theory to Malpractice: Lessons Learned
Control code
000045242334
Dimensions
24 cm
Extent
xxvii, 308 p.
Isbn
9789812837707
Isbn Type
(hardback)
Lccn
2010000773
Other physical details
ill.
http://library.link/vocab/recordID
.b24359658
System control number
  • kg24359658
  • (OCoLC)501180391

Library Locations

    • Deakin University Library - Melbourne Burwood CampusBorrow it
      221 Burwood Highway, Burwood, Victoria, 3125, AU
      -37.846510 145.115099
    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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