| 000 | 01320cam a2200301 a 4500 | ||
|---|---|---|---|
| 999 |
_c163197 _d163197 |
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| 020 | _a9780754674641 (hardback : alk. paper) | ||
| 020 | _a0754674649 (hardback : alk. paper) | ||
| 040 | _cCUS | ||
| 082 | 0 | 0 |
_a332.632 _bOLD/G |
| 100 | 1 | _aOldani, Chiara. | |
| 245 | 1 | 0 |
_aGoverning global derivatives: challenges and risks/ _cChiara Oldani. |
| 260 |
_aAldershot, England ; _aBurlington, VT : _bAshgate, _cc2008. |
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| 300 |
_axx, 205 p. : _bill. ; _c25 cm. |
||
| 440 | 0 | _aGlobal finance series | |
| 504 | _aIncludes bibliographical references (p. [193]-202) and index. | ||
| 505 | _aCHAPTER ONE THE MACROECONOMICS OF DERIVATIVES The Issue of Measurement and Accounting 1. Introduction 2. A brief history of derivatives 3. The Bank of International Settlements 4. Hedge funds 5. National statistics 6. International statistics 7. Measurement methods 8. The accounting of derivatives in the balance sheet 9. The functions of derivatives 10. The use of financial innovation by agents 10.1 Banks and financial institutions 10.2 Central banks 10.3 The government 10.4 Firms and households 11. The risk 12. Derivatives¿ hangover 13. European financial integration 14. The role of the International Monetary Fund 15. From the traffic light to the roundabout 16. Conclusion CHAPTER TWO THE MONETARY ANALYSIS OF DERIVATIVES Global Stability 1. Introduction 2. Institutional rules 3. Financial globalization 3.1 Scandals and crises 3.2 Incentives to financial markets 4. A special class of contracts: credit derivatives 5. Subprime crisis of 2007 and the role of derivatives 6. Exchange rate management in the presence of derivatives 7. The monetary analysis of derivatives 7.1 Derivatives activity and monetary policy 8. Monetary aggregates and derivatives 8.1 Monetary management in the US and the EU 8.2 Replication of monetary assets and selective replacement 8.3 Money and the relation with the underlying economic activity 8.4 Futures and money demand 8.5 Empirical results 9. Monetary policy: an expectations¿ management exercise 9.1 Effects on channels and policy 10. Derivatives in new Keynesian models 10.1 The long-run solution 10.2 Empirical evidences 11. Conclusions CHAPTER THREE DERIVATIVES AND FISCAL POLICY Risks and Hazard 1. Introduction 2. Tax timing options and derivatives 3. Public finance and moral hazard 4. Fiscal policy: an incentives management 5. Constraints to fiscal policy 6. Sovereign debt crisis and credit derivatives 7. Public accounting of derivatives 8. Derivatives as a debt management instrument 8.1 Implications of derivatives¿ use by highly indebted states 8.2 The modified IS-LM model 8.3 Shocks and the effectiveness of the policy 8.4 A special tool to manage the real cost of debt: inflation-linked derivatives 9. Italy: public debt, federalism and derivatives 10. Derivatives: a great opportunity or a jungle? 11. Conclusion CHAPTER FOUR THE THEORY OF INVESTMENT AND DERIVATIVES The Frontier of Economic Analysis 1. Introduction 2. The theory of investment 3. The problem of capital measurement 4. Macroeconomic derivatives: hedging on future world performance 5. Energy and derivatives 6. The Tobin¿s q approach 7. Derivatives¿ q 7.1 DJX & VIX q 8. Minsky and derivatives 8.1 A stylized Minskian financial instability hypothesis 8.2 Derivatives: bringing (in)stability 8.3 The measure of (in)stability | ||
| 650 | 0 | _aDerivative securities. | |
| 942 | _cWB16 | ||