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Lipuma, Edward, Lee, Benjamin - Financial Derivatives and the Globalization of Risk
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| Schrijver: | Lipuma, Edward, Lee, Benjamin |
| Titel: | Financial Derivatives and the Globalization of Risk |
| ISBN: | 9780822334187 |
| Uitgever: | Duke Univ Pr |
| Bijzonderheid: | 2004, 209pp, paperback, in mint condition |
| Prijs: | € 15,00 |
| Meer info | The market for financial derivatives is far and away the largest and most powerful market in the world, and it is growing exponentially. Edward LiPuma and Benjamin Lee offer a concise introduction to financial derivatives.LiPuma and Lee explain how derivatives are essentially wagers—often on the fluctuations of national currencies—based on models that aggregate and price risk. They describe how these financial instruments are changing the face of capitalism, undermining the power of nations and perpetrating a new and less visible form of domination on postcolonial societies. As they ask: How does one know about, let alone demonstrate against, an unlisted, virtual, offshore corporation that operates in an unregulated electronic space using a secret proprietary trading strategy to buy and sell arcane financial instruments? LiPuma and Lee provide a necessary look at the obscure but consequential role of financial derivatives in the global economy. |
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