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The Economics of Derivatives (Hardcover)
Loot Price: R1,935
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The Economics of Derivatives (Hardcover)
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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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