Derivatives The Wild Beast of Finance: A Path to Effective Globalisation?

4 avg rating
( 4 ratings by Goodreads )
 
9780471822400: Derivatives The Wild Beast of Finance: A Path to Effective Globalisation?
View all copies of this ISBN edition:
 
 

When it first published in spring 1998, Derivatives: The Wild Beast of Finance made bold predictions and recommendations for the future of global finance. Alfred Steinherr explained that, without effective risk management, the incredible explosion in the use and value of derivatives could destabilise the entire global market structure. His views and suggested solutions were not universally accepted. And then, suddenly, in the space of a few months many of the inherent dangers he set out became reality - the Asian crisis took a vicious toll on the tiger economies and the Russian bear collapsed, heralding the ultimate destruction of the most celebrated hedge fund of recent years - Long-Term Capital Management. The knock-on effect of the LTCM collapse was so severe that the US Fed was forced to intervene. In this extensively revised paperback edition, Alfred Steinherr brings the story up to date and uses the opportunity to analyse and reflect on the effectiveness of the solutions he offered first time around. Much of the more technical material from the original edition has been removed to produce a highly readable and thought-provoking explanation of the origins and benefits of global finance, while once again assessing the dangers - imagined and real - that still lurk within this fascinating world. Time alone will tell how much heed is taken this time. "Alfred Steinherr has written a fascinating book that examines the role derivatives play in developing the world economy today, and the part they will have in shaping the financial markets of tomorrow.. For practitioners, officials and students alike, Steinherr has provided a lively and informative canter through the world of derivatives." Investors Digest ". a welcome departure from most texts on the topic. Books on derivatives seem either to be ludicrously sensationalist or steeped in higher level mathematics. In contrast, this work by Alfred Steinherr is both accessible and rigorous." Investment Adviser ". will give a useful insight into the relationship between the derivatives market and the wider financial markets to the general reader.. a highly informative read for those who really want to get to grips with what the derivatives markets are all about." The Investor "Steinherr brings a lucid approach to a complex topic with this book [and] has produced a comprehensive overview which manages to combine a readable style with considerable detail and thought-provoking ideas for the future." European Fund Manager

"synopsis" may belong to another edition of this title.

From the Publisher:

In their award-winning essay The Wild Beast of Derivatives, the authors made an important contribution to the debate on the regulatory implications of derivatives. In this groundbreaking work they expand on their original ideas, placing derivatives in a wider historical and economic context and reflect on the dramatic implications these powerful instruments may have for the conduct of monetary policy and the future of world banking.

From the Inside Flap:

"One does not have to agree with all the views or proposals in this book . to enjoy the rigour and clear treatment of a subject, which is of major importance from both a market and a regulatory perspective. Both practitioners and laymen will surely learn from this book and get a solid understanding of the subject." From the Foreword by Tommaso Padoa-Schioppa, President, Consob, and former Chairman of the Basle Committee on Banking Supervision Derived from the award-winning essay The Wild Beast of Derivatives (Gold Medal at the Amex Bank Review Awards 1994), Derivatives: The Wild Beast of Finance is a fascinating examination of the role derivatives have played in developing the world economy today and the part they will play in shaping the financial markets of tomorrow. Derivatives trading has exploded over the past 20 years as a method of effective risk-management tactics and in no area more than in the increasingly sophisticated custom made over-the-counter products. In tandem with this explosion have been the increasingly loud concerns raised over the potential dangers of derivatives - a financial crash in one market could have a catastrophic domino effect across the globe. In addressing these concerns, the author has focused on a number of fundamental questions:
* From where do derivatives originate?
* What are the advantages of the US financial system that have made it the model for the rest of the world?
* What degree of responsibility for recent financial crises must be placed at the door of derivatives?
* What social and economic benefits do derivatives deliver? Does effective risk management allow increased entrepreneurial skills and investment?
* Do the financial markets require regulation? If so, from where should the regulation be derived and how should it be managed?
* What role will derivatives play in the future of world banking and the world's economies?
Throughout the book the author combines technical illustrations with an accessible narrative incorporating many case studies and fictional "stories", transforming Derivatives: The Wild Beast of Finance into an insightful, forthright and entertaining explanation of derivatives.

"About this title" may belong to another edition of this title.

Buy New View Book
List Price: US$ 76.00
US$ 19.38

Convert Currency

Shipping: US$ 17.41
From United Kingdom to U.S.A.

Destination, Rates & Speeds

Add to Basket

Other Popular Editions of the Same Title

9780471965442: Derivatives: The Wild Beast of Finance

Featured Edition

ISBN 10:  0471965448 ISBN 13:  9780471965442
Publisher: Wiley, 1998
Hardcover

9780470842812: Derivatives The Wild Beast Of Finance: A Path To Effective Globalisation?

John W...
Hardcover

Top Search Results from the AbeBooks Marketplace

1.

Alfred Steinherr
Published by John Wiley & Sons 2000 (2000)
ISBN 10: 047182240X ISBN 13: 9780471822400
New Softcover Quantity Available: 1
Seller:
Robin Summers
(Aldeburgh, United Kingdom)
Rating
[?]

Book Description John Wiley & Sons 2000, 2000. Condition: New. New paperback. Some slight shelf wear but content fine and unread. Seller Inventory # A105016

More information about this seller | Contact this seller

Buy New
US$ 19.38
Convert Currency

Add to Basket

Shipping: US$ 17.41
From United Kingdom to U.S.A.
Destination, Rates & Speeds

2.

Alfred Steinherr
ISBN 10: 047182240X ISBN 13: 9780471822400
New Quantity Available: 5
Seller:
firstbookstore
(New Delhi, India)
Rating
[?]

Book Description Condition: Brand New. Brand New Original US Edition, Perfect Condition. Printed in English. Excellent Quality, Service and customer satisfaction guaranteed!. Seller Inventory # AIND-94663

More information about this seller | Contact this seller

Buy New
US$ 52.78
Convert Currency

Add to Basket

Shipping: FREE
From India to U.S.A.
Destination, Rates & Speeds

3.

Alfred Steinherr, David Folkerts-Landau
Published by John Wiley and Sons Ltd, United Kingdom (2001)
ISBN 10: 047182240X ISBN 13: 9780471822400
New Paperback Quantity Available: 1
Seller:
Book Depository International
(London, United Kingdom)
Rating
[?]

Book Description John Wiley and Sons Ltd, United Kingdom, 2001. Paperback. Condition: New. Revised ed.. Language: English . Brand New Book. When it first published in spring 1998, Derivatives: The Wild Beast of Finance made bold predictions and recommendations for the future of global finance. Alfred Steinherr explained that, without effective risk management, the incredible explosion in the use and value of derivatives could destabilise the entire global market structure. His views and suggested solutions were not universally accepted. And then, suddenly, in the space of a few months many of the inherent dangers he set out became reality - the Asian crisis took a vicious toll on the tiger economies and the Russian bear collapsed, heralding the ultimate destruction of the most celebrated hedge fund of recent years - Long-Term Capital Management. The knock-on effect of the LTCM collapse was so severe that the US Fed was forced to intervene. In this extensively revised paperback edition, Alfred Steinherr brings the story up to date and uses the opportunity to analyse and reflect on the effectiveness of the solutions he offered first time around. Much of the more technical material from the original edition has been removed to produce a highly readable and thought-provoking explanation of the origins and benefits of global finance, while once again assessing the dangers - imagined and real - that still lurk within this fascinating world. Time alone will tell how much heed is taken this time. Alfred Steinherr has written a fascinating book that examines the role derivatives play in developing the world economy today, and the part they will have in shaping the financial markets of tomorrow. For practitioners, officials and students alike, Steinherr has provided a lively and informative canter through the world of derivatives. Investors Digest . a welcome departure from most texts on the topic. Books on derivatives seem either to be ludicrously sensationalist or steeped in higher level mathematics. In contrast, this work by Alfred Steinherr is both accessible and rigorous. Investment Adviser . will give a useful insight into the relationship between the derivatives market and the wider financial markets to the general reader. a highly informative read for those who really want to get to grips with what the derivatives markets are all about. The Investor Steinherr brings a lucid approach to a complex topic with this book [and] has produced a comprehensive overview which manages to combine a readable style with considerable detail and thought-provoking ideas for the future. European Fund Manager. Seller Inventory # AAH9780471822400

More information about this seller | Contact this seller

Buy New
US$ 53.13
Convert Currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, Rates & Speeds

4.

Alfred Steinherr
ISBN 10: 047182240X ISBN 13: 9780471822400
New Quantity Available: 5
Seller:
Bookshub
(Karol Bagh, India)
Rating
[?]

Book Description Condition: New. New. US edition. Perfect condition. Customer satisfaction our priority. Seller Inventory # ABE-FEB-49110

More information about this seller | Contact this seller

Buy New
US$ 53.36
Convert Currency

Add to Basket

Shipping: FREE
From India to U.S.A.
Destination, Rates & Speeds

5.

Alfred Steinherr
ISBN 10: 047182240X ISBN 13: 9780471822400
New Quantity Available: 5
Seller:
EBOOKSTORE2010
(New Delhi, ND, India)
Rating
[?]

Book Description Condition: Brand New. New. US edition. Customer Satisfaction guaranteed!!. Seller Inventory # SHUB49110

More information about this seller | Contact this seller

Buy New
US$ 53.41
Convert Currency

Add to Basket

Shipping: FREE
From India to U.S.A.
Destination, Rates & Speeds

6.

Alfred Steinherr, David Folkerts-Landau
Published by John Wiley and Sons Ltd, United Kingdom (2001)
ISBN 10: 047182240X ISBN 13: 9780471822400
New Paperback Quantity Available: 1
Seller:
The Book Depository
(London, United Kingdom)
Rating
[?]

Book Description John Wiley and Sons Ltd, United Kingdom, 2001. Paperback. Condition: New. Revised ed.. Language: English . Brand New Book. When it first published in spring 1998, Derivatives: The Wild Beast of Finance made bold predictions and recommendations for the future of global finance. Alfred Steinherr explained that, without effective risk management, the incredible explosion in the use and value of derivatives could destabilise the entire global market structure. His views and suggested solutions were not universally accepted. And then, suddenly, in the space of a few months many of the inherent dangers he set out became reality - the Asian crisis took a vicious toll on the tiger economies and the Russian bear collapsed, heralding the ultimate destruction of the most celebrated hedge fund of recent years - Long-Term Capital Management. The knock-on effect of the LTCM collapse was so severe that the US Fed was forced to intervene. In this extensively revised paperback edition, Alfred Steinherr brings the story up to date and uses the opportunity to analyse and reflect on the effectiveness of the solutions he offered first time around. Much of the more technical material from the original edition has been removed to produce a highly readable and thought-provoking explanation of the origins and benefits of global finance, while once again assessing the dangers - imagined and real - that still lurk within this fascinating world. Time alone will tell how much heed is taken this time. Alfred Steinherr has written a fascinating book that examines the role derivatives play in developing the world economy today, and the part they will have in shaping the financial markets of tomorrow. For practitioners, officials and students alike, Steinherr has provided a lively and informative canter through the world of derivatives. Investors Digest . a welcome departure from most texts on the topic. Books on derivatives seem either to be ludicrously sensationalist or steeped in higher level mathematics. In contrast, this work by Alfred Steinherr is both accessible and rigorous. Investment Adviser . will give a useful insight into the relationship between the derivatives market and the wider financial markets to the general reader. a highly informative read for those who really want to get to grips with what the derivatives markets are all about. The Investor Steinherr brings a lucid approach to a complex topic with this book [and] has produced a comprehensive overview which manages to combine a readable style with considerable detail and thought-provoking ideas for the future. European Fund Manager. Seller Inventory # AAH9780471822400

More information about this seller | Contact this seller

Buy New
US$ 54.62
Convert Currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, Rates & Speeds

7.

Alfred Steinherr
ISBN 10: 047182240X ISBN 13: 9780471822400
New Quantity Available: 5
Seller:
Romtrade Corp.
(STERLING HEIGHTS, MI, U.S.A.)
Rating
[?]

Book Description Condition: New. Brand New Original US Edition.We Ship to PO BOX Address also. EXPEDITED shipping option also available for faster delivery.This item may ship fro the US or other locations in India depending on your location and availability. Seller Inventory # AUSBNEW-94663

More information about this seller | Contact this seller

Buy New
US$ 56.21
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds

8.

Alfred Steinherr
ISBN 10: 047182240X ISBN 13: 9780471822400
New Quantity Available: 5
Seller:
Basi6 International
(Irving, TX, U.S.A.)
Rating
[?]

Book Description Condition: Brand New. New, US edition. Excellent Customer Service. Seller Inventory # ABEUSA-49110

More information about this seller | Contact this seller

Buy New
US$ 56.22
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds

9.

Alfred Steinherr
Published by Wiley 2000-04-05, Chichester (2000)
ISBN 10: 047182240X ISBN 13: 9780471822400
New paperback Quantity Available: 10
Seller:
Blackwell's
(Oxford, OX, United Kingdom)
Rating
[?]

Book Description Wiley 2000-04-05, Chichester, 2000. paperback. Condition: New. Seller Inventory # 9780471822400

More information about this seller | Contact this seller

Buy New
US$ 49.17
Convert Currency

Add to Basket

Shipping: US$ 8.06
From United Kingdom to U.S.A.
Destination, Rates & Speeds

10.

Alfred Steinherr
Published by John Wiley and#38; Sons (2000)
ISBN 10: 047182240X ISBN 13: 9780471822400
New Quantity Available: 1
Seller:
Books2Anywhere
(Fairford, GLOS, United Kingdom)
Rating
[?]

Book Description John Wiley and#38; Sons, 2000. PAP. Condition: New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Seller Inventory # FW-9780471822400

More information about this seller | Contact this seller

Buy New
US$ 46.14
Convert Currency

Add to Basket

Shipping: US$ 12.10
From United Kingdom to U.S.A.
Destination, Rates & Speeds

There are more copies of this book

View all search results for this book