Dangerous games with derivatives: half -century history of failures from Citibank to Barings, Societe Generale

The book debunk the mystical complexity of derivatives and offers the reader "Grand Tour" in the world of financial engineering and derivatives. But this book is not another textbook on derivative financial instruments. It is about the crashes of companies in the financial and non -financial sector, it shows how unprofessional actions and abuses with derivatives lead to collapse. Each chapter is devoted to one major incident. First, a description of events is given, and then - an analysis of financial schemes that underlies them. The book is addressed to financial managers, bankers, traders, auditors, representatives of regulatory bodies, students of the corresponding specialties and those who are interested in high -profile cases related to derivatives