Specialization in risk management

Jerry L. Jordan

Economic Commentary, 1994, issue Oct

Abstract: A discussion of the rapidly increasing use of derivative financial instruments, contending that these contracts represent innovations in risk management, not in risk itself, and will lead to enhanced wealth and more efficient risk management without the need for special regulation or legislation to address their perceived risks.

Keywords: Derivative securities; Risk (search for similar items in EconPapers)
Date: 1994
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