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Financial Derivatives

C/F/680. What role - if any - did derivatives play in the global financial crisis? Are the reforms that are currently proposed for derivatives markets sensible? More generally, over the last 20 years use of derivatives has led to massive losses for a large number of institutions. What lessons should be learnt by regulators and institutions themselves?

WORDS:
1850
DATE:
2010
PRICE:
19.99 GBP

The paper looks at the role played by derivatives, particularly credit default swaps (CDS), in the global financial crisis. The significance of this role is explained identifying political and financial roots of derivatives markets’ deregulation. The paper argues that it was not the derivatives that caused the global financial crisis, but rather the exploitation of self regulatory model by unethical traders.

 

KEYWORDS: Derivatives, financial crisis, credit default swaps, deregulation,

 
Other Papers On: Financial Derivatives
Other Papers On: Financial Crisis