T. V. Somanathan

Economics of Derivatives (eBook, PDF)

• Format: PDF

Produktbeschreibung

While most books on derivatives discuss how they work, this book looks at the contributions of derivatives to overall economic well-being. It examines both the beneficial and adverse effects of derivatives trading from the perspectives of economic theory, empirical evidence and recent economic history. Aiming to present the concepts in a fair, non-ideological, non-mathematical and simple manner, and with the authors' own synthesis, it draws on economic insights from relevant work in other disciplines, particularly sociology and law. The book also presents some new theoretical ideas and recommendations towards a pragmatic and practical approach for policy-makers. The ultimate objective is to provide a basic conceptual framework which will help its readers form a judgement on whether, when and how derivatives are beneficial or harmful to the economy.

---

Dieser Download kann aus rechtlichen Gründen nur mit Rechnungsadresse in A, B, BG, CY, CZ, D, DK, EW, E, FIN, F, GR, HR, H, IRL, I, LT, L, LR, M, NL, PL, P, R, S, SLO, SK ausgeliefert werden.

Produktdetails

• Verlag: Cambridge University Press
• Erscheinungstermin: 2. März 2015
• Englisch
• ISBN-13: 9781316338940
• Artikelnr.: 52949386

Autorenporträt

T. V. Somanathan is Director with the World Bank, Washington and is a member of the Indian Administrative Service. He has served in various positions in the World Bank and in State and Union governments in India.

Inhaltsangabe

1. Introduction
2. Definition and typology
3. The economic functions of derivatives markets
4. Market completion
5. Derivatives and price stabilization
6. Derivatives and price destabilization
7. The effects of derivatives on prices of the underlying: a synthesis
8. Causes of the rapid growth in derivatives trading: a historical perspective
9. The role of derivatives in the global financial crisis of 2008
10. Models and their effects on markets
11. Derivatives and emerging markets
12. Derivatives and emerging markets
13. Regulation of derivatives
14. Derivatives and development: a critique
15. Regulatory policy for derivatives: a pragmatic approach.