Minehan, Cathy E.; Simons, Katerina - In: New England Economic Review (1995) Sep, pp. 3-25
Derivatives are the fastest-growing financial instruments of our time. When used strategically, they can be very effective tools to mitigate risks. When used to speculate, that is, to bet on the inefficiency of financial markets, they can be trouble, especially if you are unaware that you are...