Title
Financial Derivatives And The Globalization Of Risk (Public Planet Books)
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The Market For Financial Derivatives Is Far And Away The Largest And Most Powerful Market In The World, And It Is Growing Exponentially. In 1970 The Yearly Valuation Of Financial Derivatives Was Only A Few Million Dollars. By 1980 The Sum Had Swollen To Nearly One Hundred Million Dollars. By 1990 It Had Climbed To Almost One Hundred Billion Dollars, And In 2000 It Approached One Hundred Trillion. Created And Sustained By A Small Number Of European And American Banks, Corporations, And Hedge Funds, The Derivatives Market Has An Enormous Impact On The Economies Of Nationsparticularly Poorer Nationsbecause It Controls The Price Of Money. Derivatives Bought And Sold By Means Of Computer Keystrokes In London And New York Affect The Price Of Food, Clothing, And Housing In Johannesburg, Kuala Lumpur, And Buenos Aires. Arguing That Social Theorists Concerned With Globalization Must Familiarize Themselves With The Mechanisms Of A World Economy Based On The Rapid Circulation Of Capital, Edward Lipuma And Benjamin Lee Offer A Concise Introduction To Financial Derivatives.Lipuma And Lee Explain How Derivatives Are Essentially Wagersoften On The Fluctuations Of National Currenciesbased On Models That Aggregate And Price Risk. They Describe How These Financial Instruments Are Changing The Face Of Capitalism, Undermining The Power Of Nations And Perpetrating A New And Less Visible Form Of Domination On Postcolonial Societies. As They Ask: How Does One Know About, Let Alone Demonstrate Against, An Unlisted, Virtual, Offshore Corporation That Operates In An Unregulated Electronic Space Using A Secret Proprietary Trading Strategy To Buy And Sell Arcane Financial Instruments? Lipuma And Lee Provide A Necessary Look At The Obscure But Consequential Role Of Financial Derivatives In The Global Economy.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.
- Q: What is the page count for the book? A: This book has two hundred twenty-four pages. It's a comprehensive introduction to financial derivatives and their impact on globalization.
- Q: What type of binding does this book have? A: The book is available in paperback binding. This makes it lightweight and flexible, ideal for reading.
- Q: Who is the author of the book? A: The author of this book is Benjamin Lee. He collaborates with Edward LiPuma to explore financial derivatives.
- Q: What is the size of the book? A: The book measures five point thirty-nine inches in length, zero point fifty-three inches in width, and eight inches in height. Its dimensions make it easy to handle and store.
- Q: What genre does this book belong to? A: This book falls under the Economic Conditions genre. It focuses on financial derivatives and their influence on global economies.
- Q: How do I read this book? A: You can read this book like any other paperback. It's suitable for anyone interested in economics or globalization.
- Q: Is this book suitable for beginners in economics? A: Yes, this book is suitable for beginners. It provides a concise introduction to complex financial concepts.
- Q: What themes are covered in this book? A: The book covers themes of globalization, capitalism, and the impact of financial derivatives on economies. It explores how these instruments affect daily life.
- Q: How do I store this book? A: Store this book in a cool, dry place, preferably on a shelf. Keep it away from direct sunlight to prevent fading.
- Q: Are there any safety concerns regarding this book? A: No, there are no safety concerns regarding this book. It is intended for adult readers interested in economic topics.
- Q: What is the focus of the book? A: The focus of the book is on financial derivatives and their role in globalization. It discusses their significance in the modern economy.
- Q: Is this book a good resource for understanding risk? A: Yes, this book is an excellent resource for understanding financial risk. It explains how derivatives are used to manage and price risk.
- Q: Can this book help with academic research? A: Yes, this book can assist with academic research. It offers insights into the field of economics, particularly regarding derivatives.
- Q: What if the book arrives damaged? A: If the book arrives damaged, you should contact the seller for a return or exchange. Most sellers have policies to address such issues.
- Q: Is there a warranty for this book? A: No, books typically do not come with a warranty. However, you can check the return policy of the seller.
- Q: How can I find more works by the author? A: You can find more works by Benjamin Lee by searching online bookstores or checking academic databases. His research often focuses on economics and globalization.