This study investigates the empirical relationship between the use of derivatives by Korean banks and risk. In doing so …' derivatives are, on average, associated with two measures of risk in negative ways. The evidence is consistent with the …

fields of market efficiency and pricing of derivatives. The major findings of significant negative abnormal returns …

deficit in the decades ahead, most have not included a financial speculation tax (FST) in the mix. This seems peculiar since …

In the last decade there has been a significant increase in the use of derivatives as a vehicle to manage financial … risk. The sudden spurt of derivatives has resulted in the Financial Accounting Standards Board (FASB) being forced to … Financial Accounting Standards (SFAS 133). SFAS 133 requires all derivatives, without exception and regardless of the accounting …

We analyze the competition between two developed stock exchanges. Their development rests mainly on their capacity to …

This book analyzes in depth all major derivatives debacles of the last half century including the multi-billion losses …), Soci¨¦t¨¦ G¨¦n¨¦rale (2008) and AIG (2008). It unlocks the secrets of derivatives by telling the stories of institutions … financial engineering which brought them havoc. For others it was unbridled speculation perpetrated by rogue traders whose …

hedges. For a typical sample firm, pass-through and operational hedging each reduce exposure by 10% to 15%. Financial hedging … with foreign debt, and to a lesser extent FX derivatives, decreases exposure by about 40%. The combination of these factors …