The Economics of Derivatives
Book Details
Format
Hardback or Cased Book
ISBN-10
1107091500
ISBN-13
9781107091504
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
US
Country of Publication
GB
Publication Date
Mar 2nd, 2015
Print length
269 Pages
Weight
582 grams
Dimensions
24.30 x 17.00 x 2.80 cms
Product Classification:
EconomicsDevelopment economics & emerging economiesFinance
Ksh 12,800.00
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Derivative markets have grown spectacularly in size in recent decades. This book discusses the extent to which derivative markets perform socially useful economic functions. It also continues with specific reference to the issue of 'market completion', which some economists regard as an important function of derivative markets.
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.
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