Codes of Finance: Engineering Derivatives in a Global Bank
Vincent Antonin Lépinay
Abstract
The financial industry's invention of complex products such as credit default swaps and other derivatives has been widely blamed for triggering the global financial crisis of 2008. This book takes readers behind the scenes of the equity derivatives business at the bank before the crisis, providing a detailed firsthand account of the creation, marketing, selling, accounting, and management of these financial instruments-and of how they ultimately created havoc inside and outside the bank. The book explains how financial operators and financial products coexist and how this coexistence is tense ... More
Keywords: financial industry, credit default swaps, derivatives, 2008 financial crisis
Bibliographic Information
| Print publication date: 2011 | Print ISBN-13: 9780691151502 |
| Published to Princeton Scholarship Online: October 2017 | DOI:10.23943/princeton/9780691151502.001.0001 |
