000			01310nam a2200205Ia 4500
999			_c177008 _d177008
005			20220513165126.0
008			200208s9999 xx 000 0 und d
020			_a9781107091504
082			_a332.6457 SOM
100			_aSomanathan t. V.
245		0	_aEconomics of Derivatives
260			_aDelhi
260			_bCambridge
260			_c2015
300			_a255 p.
365			_dINR
520			_aWhile 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.
650			_aEconomies
942			_cB _2ddc