Risk management, speculation, and derivative securities
- نوع فایل : کتاب
- زبان : انگلیسی
- مؤلف : Geoffrey Poitras
- ناشر : Amsterdam ; Boston : Academic Press
- چاپ و سال / کشور: 2002
- شابک / ISBN : 0125588224
Description
Derivative Securities, Risk Management, and Speculation -- Derivative Securities -- What are Derivative Securities? -- Futures Versus Forward Contracts: Basic Issues -- The Exchange -- The Futures Contract -- Margins -- OTC Versus Exchange Trading: Policy Issues -- History of Derivatives -- The Development of U.S. Derivative Markets -- A Canadian Perspective -- The U.S. Experience with Options -- Recent Derivatives Debacles -- The Hunt Silver Manipulation (1979-1980) -- Portfolio Insurance and the Stock Market Crash of October 1987 -- Metallgesellschaft AG and Rolling-Stack Hedges (1993) -- Index Option Straddles and the Collapse of Barings Bank (1995) -- The Collapse of Long-Term Capital Management (1998) -- Lessons from the Recent Derivatives Debacles -- Characteristics of Users of Derivative Securities -- Sources of Information -- Available Information on Derivative Usage by Financial Firms -- The Wharton Survey of Nonfinancial Derivative Users -- Other Surveys and Studies -- Regulations, Exchanges, and Available Contracts -- Information on the Internet -- Regulations -- The U.S. Exchanges, the OTC, and Foreign Markets -- Available Contracts -- Specifically on Options -- Suggestions for Essay Topics -- Risk-Management Concepts -- Profit Functions and Expected Utility Maximization -- The Wealth Process -- The Expected Utility Function -- Expected Utility and Moment Preference -- A Stylized Risk-Management Decision Problem -- Measuring Risk and Exposure -- Risk and Uncertainty -- Types of Risks to be Managed.
