The economic benefits and risks of derivative securities

Keith Sill ()

Business Review, 1997, issue Jan, 15-26

Abstract: Certain events have raised concern about the risks associated with derivatives trading--witness Orange County, California or Procter & Gamble, both of which lost large sums of money using derivatives. However, the popular discussion often loses track of the benefits derivatives hold for firms, investors, and the economy as a whole. Have derivatives received a bum rap? Keith Sill admits that derivatives have risks, especially to the uninitiated, but they also have a great deal of value for the economy as well

Keywords: Derivative; securities (search for similar items in EconPapers)
Date: 1997
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