GLOBAL DERIVATIVE DEBACLES

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The book provides a comprehensive analysis of major derivatives failures over the past fifty years, detailing significant losses and bankruptcies of institutions such as Barings Bank and AIG. It explores the dual nature of derivatives—both as potential financial innovations and as sources of risk—highlighting the consequences of flawed financial engineering and rogue trading. Each chapter focuses on a specific case, categorizing derivatives from simple to complex. The text emphasizes the need for vigilant risk management and smarter controls, making it essential for financial professionals.