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Financial Derivatives have long been the subject of conflicting views. For some, they are a useful instrument, too often maligned by those who do not understand them; for others, they are a complete waste of time and money. But which is it? Should we embrace financial derivatives, or fear them? In Financial Derivatives: A Blessing or a Curse? Simon Grima and Eleftherios I. Thalassinos rigorously explore the theory and debates surrounding this controversial topic. First exploring the perceived problems and the uses of derivatives, they study and evaluate the people who use financial derivatives; the impacts of derivatives use; and examples of safe use of derivatives. Looking at real-world examples, Grima and Thalassinos include public case studies on financial firms such as Barings Bank PLC, Allied Irish Bank, and Société Générale, as well as non-financial firms including Metallgesellschaft AG and Enron. Through these case studies, the roots of firm failure and large losses become clear, asking whether it is the misuse of this financial instrument, rather than the derivatives instrument itself, that is the cause. For students and researchers in finance, or practitioners involved in trading, regulating, or auditing, this is a fundamental text exploring a controversial and relevant concept.

Derivative securities. --- Hedging (Finance)

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This book is tightly focused on the pricing and hedging of fixed income securities and their derivatives. It is targeted at those who are interested in trading these instruments in an investment bank, but is also useful for those responsible for monitoring compliance of the traders such as regulators, back office staff, middle and senior lever managers. To broaden its appeal, this book lowers the barriers to learning by keeping math to a minimum and by illustrating concepts through detailed numerical examples using Excel workbooks/spreadsheets on a CD with the book. On the accompanying

Hedging (Finance) --- Interest rates --- Credit --- Risk management --- Mathematical models. --- Management

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Financial futures. --- Hedging (Finance). --- Risk management. --- Hedging (Finance) --- Risk management --- Financial futures --- Finance --- Business & Economics --- Investment & Speculation --- Futures, Financial --- Insurance --- Management --- Options (Finance) --- Speculation --- Futures

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Futures --- Options (Finance) --- Hedging (Finance) --- Financial futures --- Investments --- portfoliobeheer --- futures --- opties --- mathematische modellen, toegepast op economie --- Futures - Periodicals. --- Options (Finance) - Periodicals. --- Hedging (Finance) - Periodicals. --- Financial futures - Periodicals. --- Investments - Periodicals.

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While the determinants of firms’ optimal hedging strategies on the micro level are well understood, there is rarely any literature dealing with macroeconomic consequences of microeconomic risk management. This book is concerned with the impact of diverse hedging policies on macroeconomic stability. It addresses this issue by employing theoretical as well as empirical methods.

Hedging (Finance) -- Econometric models. --- Hedging (Finance). --- Risk management -- Econometric models. --- Risk management --- Hedging (Finance) --- Investment & Speculation --- Finance - General --- Finance --- Business & Economics --- Econometric models --- Econometric models. --- Finance. --- Macroeconomics. --- International economics. --- Economics. --- Macroeconomics/Monetary Economics//Financial Economics. --- International Economics. --- Finance, general. --- Options (Finance) --- Speculation --- Financial futures --- Insurance --- Management --- Funding --- Funds --- Economics --- Currency question --- Economic policy, Foreign --- Economic relations, Foreign --- Economics, International --- Foreign economic policy --- Foreign economic relations --- Interdependence of nations --- International economic policy --- International economics --- New international economic order --- Economic policy --- International relations --- Economic sanctions