Barings bankruptcy and financial derivatives:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Singapore [u.a.]
World Scientific
1995
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XIV, 166 S. |
| ISBN: | 9810223331 |
Internformat
MARC
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Datensatz im Suchindex
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|---|---|
| adam_text | CONTENTS
ACKNOWLEDGMENT ...... vii
PREFACE ix
PART I: THE FALL OF THE WORLD S OLDEST
MERCHANT BANK
j CHAPTER 1. THE EVENT THAT SHOCKED THE WORLD
i 1.1. Bank Crisis Shocked the World Financial Markets 3
I 1.2. Mr, Nicholas Leeson 5
i 1.3. Rescue Failed 8
i CHAPTER 2. THE HISTORY OF A GREAT POWER
: 2.1. The Birth of a Great Power 10
2.2. Toward Greater Power 12
j 2.3. The First Crisis 14
i 2.4. After the First Crisis 15
j CHAPTER 3. GO DUTCH
| 3.1. The Business Structure of Barings 16
i 3.2. Potential Buyers 17
! 3.3. ING — The New Boss 17
j 3.4. Near the End of the Crisis 19
} PART II: FINANCIAL DERIVATIVES
I CHAPTER 4. AN INTRODUCTION TO FINANCIAL DERIVATIVES
4.1. The Traditional Markets 23
xi
xii CONTENTS
4.1.1. Stock/Equity Market 23
4.1.2. Bond Market 24
4.1.3. Currency Market 24
4.1.4. Eurodeposit Market 25
4.2. What are Derivative Assets? 26
4.3. Basic Building Units 28
4.3.1. Forwards and Futures 29
4.3.2. Options 30
4.4. Historical Development 31
4.5. Magnitude and Growth of Financial Derivatives
Markets 33
4.6. The Institutions Involved 41
4.7. Summary 45
CHAPTER 5. FORWARDS AND FUTURES
5.1. Forwards 48
5.2. Futures 51
5.2.1. Stock Index Futures 54
5.3. Futures Prices 55
5.4. Risks of Trading Futures 66
5.5. Futures Leverage , 68 i
5.6. Summary , , 70
CHAPTER 6. OPTIONS
6.1. Basic Terminology 72
6.2. The Black Scholes Option Pricing Formula 77
6.3. Options with Nonzero Underlying Payouts 85
6.3.1. Equity Options with Dividend 86
6.3.2. Stock Index Options 87
6.3.3. Futures Options 90
6.4. Put Call Parity 94
6.5. Modern Greeks .. 97
6.6. Options Leverages 100
6.7. Summary 102
CONTENTS xiii
CHAPTER 7. FUNCTIONS OF FINANCIAL DERIVATIVES
7.1. Hedging., 103
7.2. Speculating , 108
7.3. Options Trading Strategies 110
7.3.1. Straddles 110
7.3.2. Strangle 114
7.3.3. Synthetic Long Futures 116
7.4. Summary and Conclusions 119
PART III: GENERAL DISCUSSIONS AND LESSONS
FROM THE CRISIS
: CHAPTER 8. THE JAPANESE ECONOMY AND FINANCIAL
; MARKETS
8.1. The Japanese Stock Exchanges 123
8.2. The Japanese Economic Recovery and Financial
Markets 124
¦| 8.3. The Kobe Earthquake 128
» 8.4. The Japanese Government and Its Financial Markets 129
; 8.5. Summary , 133
CHAPTER 9. GENERAL DISCUSSIONS
,i 9.1. What Mr. Leeson Did 134
9.2. The Nikkei 225 Index vs Its Futures 138
9.3. Double Leverages 144
] 9.4. To Save the Magic Straddles 146
9.5. Economic Recession, Interest Rate, and Bond Prices 151
9.6. Did the Kobe Earthquake Bring Barings Down? 153
i 9.7. Summary 154
:! CHAPTER 10. LESSONS FROM THE CRISIS
I 10.1. Loose Internal Control 156
j 10.2. Division of Trading and Back Office 158
10.3. Division of Clients Trading and Proprietary Trading... 159
i 10.4. Bonus Structure and Risk Parameters . 160
xiv CONTENTS
10.5. Domestic and International Regulations 161
10.6. Summary ... 161
APPENDIX I: TABLE OF THE CUMULATIVE
FUNCTION VALUES OF THE STANDARD
NORMAL DISTRIBUTION 163
INDEX..,,.... , ..., ...165
|
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| id | DE-604.BV014902289 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-09T19:08:35Z |
| institution | BVB |
| isbn | 9810223331 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-010073506 |
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| physical | XIV, 166 S. |
| publishDate | 1995 |
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| spelling | Zhang, Peter G. Verfasser aut Barings bankruptcy and financial derivatives Peter G. Zhang Singapore [u.a.] World Scientific 1995 XIV, 166 S. txt rdacontent n rdamedia nc rdacarrier Barings Bank Merchant banks -- Great Britain Banques d'affaires - Grande-Bretagne ram Barings Bank gtt Beleggingen gtt Faillissement gtt Marché financier ram Marchés à terme d'instruments financiers ram Options (finances) ram Derivative securities Großbritannien HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=010073506&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Zhang, Peter G. Barings bankruptcy and financial derivatives Barings Bank Merchant banks -- Great Britain Banques d'affaires - Grande-Bretagne ram Barings Bank gtt Beleggingen gtt Faillissement gtt Marché financier ram Marchés à terme d'instruments financiers ram Options (finances) ram Derivative securities |
| title | Barings bankruptcy and financial derivatives |
| title_auth | Barings bankruptcy and financial derivatives |
| title_exact_search | Barings bankruptcy and financial derivatives |
| title_full | Barings bankruptcy and financial derivatives Peter G. Zhang |
| title_fullStr | Barings bankruptcy and financial derivatives Peter G. Zhang |
| title_full_unstemmed | Barings bankruptcy and financial derivatives Peter G. Zhang |
| title_short | Barings bankruptcy and financial derivatives |
| title_sort | barings bankruptcy and financial derivatives |
| topic | Barings Bank Merchant banks -- Great Britain Banques d'affaires - Grande-Bretagne ram Barings Bank gtt Beleggingen gtt Faillissement gtt Marché financier ram Marchés à terme d'instruments financiers ram Options (finances) ram Derivative securities |
| topic_facet | Barings Bank Merchant banks -- Great Britain Banques d'affaires - Grande-Bretagne Beleggingen Faillissement Marché financier Marchés à terme d'instruments financiers Options (finances) Derivative securities Großbritannien |
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