Title
Financial Derivatives And The Globalization Of Risk (Public Planet Books)
Delivery time: 8-12 business days (International)
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.
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Warranty
We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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Frequently Asked Questions
- Q: What is the main topic of 'Financial Derivatives and the Globalization of Risk'? A: 'Financial Derivatives and the Globalization of Risk' explores the rise and influence of financial derivatives in the global economy, detailing how they affect economic conditions and the price of essential goods across various nations.
- Q: Who are the authors of this book? A: The book is authored by Edward LiPuma and Benjamin Lee, who provide insights into the impact of financial derivatives on capitalism and globalization.
- Q: How many pages does this book have? A: The book contains 224 pages, offering a concise yet comprehensive examination of financial derivatives.
- Q: When was 'Financial Derivatives and the Globalization of Risk' published? A: The book was published on September 29, 2004.
- Q: What format is this book available in? A: 'Financial Derivatives and the Globalization of Risk' is available in paperback format.
- Q: What is the condition of the book? A: The book is in new condition, ensuring that it is in pristine shape for readers.
- Q: What category does this book fall under? A: This book is categorized under Economic Conditions, focusing on the implications of financial derivatives in the economy.
- Q: What are financial derivatives, as explained in the book? A: Financial derivatives are financial instruments whose value is derived from the performance of underlying assets, such as currencies, and are often used to manage risk in financial markets.
- Q: How do derivatives impact global economies? A: Derivatives influence global economies by controlling the price of money, which in turn affects the costs of essential goods like food and housing in various countries.
- Q: Is there any discussion of the ethical implications of financial derivatives in the book? A: Yes, LiPuma and Lee address the ethical considerations surrounding financial derivatives, particularly how they can undermine national power and affect postcolonial societies.