Financial markets are in constant flux. New players and services, often leveraging new technology, emerge and challenge the status quo. Changes in markets, regulation, the environment, and global politics affect the business and risk profiles of financial market participants. The central...

1. The macroeconomics of derivatives : the issue of measurement and accounting -- 2. derivatives and monetary policy : global stability -- 3. derivatives and fiscal policy : risks and hazard -- 4. The theory of investments and derivatives : the frontier of economic analysis.