Governing Global Derivatives: Challenges and Risks (Global Finance) - Hardcover
Book 14 of 19: Global Finance
Synopsis
Governing Global Derivatives analyzes the role of the most important financial innovation of the last two decades - financial derivatives - in a global dimension. The evolution of derivatives, especially Over the Counter (OTC), and the possibility of managing risks tailored to customers' needs, are the basic recipe for the success of derivatives. This book focuses on the role of derivatives from a macroeconomic point of view, considering how monetary theory and policy, fiscal policy and the growth process are affected. It fills a gap by rethinking the way financial markets are considered in the macroeconomy and the transmission mechanism of impulses.
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About the Author
Chiara Oldani is Lecturer of Economics, Faculty of Political Science, University of Viterbo 'La Tuscia', Italy.
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Governing Global Derivatives
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