With the collapse of Barings, the expulsion of Daiwa Bank from the USA, the bankruptcy of Orange County and the problems of Long term Capital Management, derivatives and their alleged dangers have had ample media coverage. Lire la première page
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4.0 étoiles sur 5Historical background21 mai 2000
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The book is the result of an exhaustive research whose main goal is to help to understand the context of derivatives. Although these are new instruments, they are not a just made creation. Therefore it is important to understand their various application and its background.