DERIVATIVES: A Cautionary Tale

A fairly simple idea evolved over the past two decades into an enormous unregulated global market activity that has been at the center of financial statement frauds and mismanagement. [...] the very instrument that was intended to reduce risk has yielded its own peril.

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Bibliographic Details
Published in:Forensic examiner 2009-10, Vol.18 (3), p.14
Main Authors: Apostolou, Barbara, Apostolou, Nicholas G
Format: Article
Language:English
Subjects:
Credit default swaps
Currency
Derivatives
Federal Reserve monetary policy
Financial institutions
Financial instruments
Financial statements
Housing prices
Interest rates
Investments
Mortgages
Office equipment
Recessions
Stock exchanges
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Description
Summary:A fairly simple idea evolved over the past two decades into an enormous unregulated global market activity that has been at the center of financial statement frauds and mismanagement. [...] the very instrument that was intended to reduce risk has yielded its own peril.
ISSN:1084-5569