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What are the links between things as diverse as the prices of pork bellies, interest rates, and corporate stock? They are all being translated into risk and priced through the system of derivative markets. Financial derivatives are now the largest form of financial transaction in the world, and...
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Financial crises occur at regular and unpredictable moments in capitalist economies. However, an absence of shared theoretical approaches to and even definitions of the subject still plague the analysis of financial crises. This situation makes historical analysis even more important. This...
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The paper provides an introduction to recent developments in derivatives markets and an overview of emerging research on the implications of derivatives for international business. The influence of derivatives transactions is becoming pervasive in national and international finance markets, and...
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This paper explores some of the processes and debates about globalisation, especially about economic and financial globalisation. It suggests that while economics has been slow to respond to its development, there are at least two ways economics can contribute to the globalisation debate. First,...
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