000 01305nam a2200157Ia 4500
020 _a9 780 691 151 502
082 _a332.6457 LEP
100 _aLepinay, Vincent Antonin
245 _aCodes of finance : engineering derivatives in a global bank
260 _bPrinceton University Press,
500 _aT R Pub
505 _a Introduction: access and questions -- Thinking financially and exploring the code -- Hedging and speculating with portfolios -- The room as a market -- The memory of banking -- Selling finance and the promise of contingency -- The costs of price -- Reverse finance -- Conclusion: what good are derivatives?
520 _aThe financial industry's invention of complex products such as credit default swaps and other derivatives has been widely blamed for triggering the global financial crisis of 2008. Codes of Finance takes readers behind the scenes of the equity derivatives business at one of the world's leading investment banks before the crisis, providing a detailed firsthand account of the creation, marketing, selling, accounting, and management of these financial instruments--and of how they ultimately created havoc inside and outside the bank.
650 _aBank management
_aDerivative securities
_aFinancial engineering
_aSelling--Banks and banking
942 _cBK
999 _c99327
_d99327