TY - BOOK AU - Steinherr,Alfred TI - Derivatives: the wild beast of finance : a path to effective globalisation? SN - 047182240X (pbk. : alk. paper) AV - HG6024.A3 S84 2000 U1 - 332.64/5 21 PY - 2000/// CY - Chichester, West Sussex, England, New York PB - John Wiley KW - Derivados financieros KW - lemb KW - Derivative securities N1 - Incluye referencias bibliográficas (p. [294]-298) e índice; 1. Evolution of Finance: Venice, April 1470. 1. The functions of finance. 2. The first step towards managing financial risk: diversification and collateral. 3. The Second step towards managing financial risk: limited liability, bankruptcy laws, seniority rules, balance-sheet structure. 4. The third step towards managing financial risk: creating tradable instruments and liquidity in organised markets. 5. The final step towards managing financial risk: derivatives and financial engineering. 6. Could the acceleration in financial innovation since 1970 have been predicted? -- 2. The Americanisation of Global Finance: Minnesota Banc Corporation. 1. The emergence of the American model of finance. 2. The crowning achievement: risk-management finance. 3. Maintaining market liquidity: the sine qua non of the "American model" 4. Global finance: the result of exporting the "American model" -- 3. Dramatic Events: How George Soros sees it. 1. The EMS crisis of 1992-93 ER -