Global Derivative Debacles:From Theory to Malpractice

Laurent L Jacque
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Laurent L Jacque: Tufts University, USA & HEC School of Management, France

in World Scientific Books from World Scientific Publishing Co. Pte. Ltd.

Abstract: This book analyzes in depth all major derivatives debacles of the last half century including the multi-billion losses and/or bankruptcy of Metallgesellschaft (1994), Barings Bank (1995), Long Term Capital Management (1998), Amaranth (2006), Société Générale (2008) and AIG (2008). It unlocks the secrets of derivatives by telling the stories of institutions which played in the derivative market and lost big. For some of these unfortunate organizations it was daring but flawed financial engineering which brought them havoc. For others it was unbridled speculation perpetrated by rogue traders whose unchecked fraud brought their house down.

Keywords: Derivatives; Debacles; Options; Swaps; Futures; Forwards; Financial Engineering; Market Manipulation; Rogue Traders; Speculation (search for similar items in EconPapers)
Date: 2010
ISBN: 9789812837707
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https://www.worldscientific.com/worldscibooks/10.1142/7141 (text/html)
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Chapters in this book:

Ch 1 DERIVATIVES AND THE WEALTH OF NATIONS , pp 1-11

Laurent L Jacque

Ch 2 SHOWA SHELL SEKIYU K.K , pp 15-27

Laurent L Jacque

Ch 3 CITIBANK'S FOREX LOSSES , pp 29-40

Laurent L Jacque

Ch 4 BANK NEGARA MALAYSIA , pp 41-45

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Ch 5 AMARANTH ADVISORS LLC , pp 49-72

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Ch 6 METALLGESELLSCHAFT , pp 73-96

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Ch 7 SUMITOMO , pp 97-101

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Ch 8 ALLIED LYONS , pp 105-124

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Ch 9 ALLIED IRISH BANKS , pp 125-141

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Ch 10 BARINGS , pp 143-178

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Ch 11 SOCIÉTÉ GÉNÉRALE , pp 179-196

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Ch 12 PROCTER & GAMBLE , pp 199-215

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Ch 13 GIBSON GREETING CARDS , pp 217-220

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Ch 14 ORANGE COUNTY , pp 221-244

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Ch 15 LONG-TERM CAPITAL MANAGEMENT , pp 245-273

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Ch 16 AIG , pp 275-280

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Ch 17 FROM THEORY TO MALPRACTICE: LESSONS LEARNED , pp 281-296

Laurent L Jacque

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