In this Book
- Codes of Finance: Engineering Derivatives in a Global Bank
- Book
- 2011
- Published by: Princeton University Press
summary
A behind-the-scenes account of the derivatives business at a major investment bank
The 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. In Codes of Finance, Vincent Antonin Lépinay, a former employee of one of the world’s leading investment banks, takes readers behind the scenes of the equity derivatives business at the bank 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.
Table of Contents
Download Full Book
- Acknowledgments
- pp. vii-viii
- Part I: From Models to Books
- pp. 23-28
- Chapter 3: The Trading Room as a Market
- pp. 91-118
- Chapter 4: The Memory of Banking
- pp. 119-152
- Chapter 6: The Costs of Price
- pp. 182-203
- Chapter 7: Reverse Finance
- pp. 204-221
- Conclusion: What Good Are Derivatives?
- pp. 222-232
- Bibliography
- pp. 265-276
Additional Information
ISBN
9781400840465
Related ISBN(s)
9780691151502, 9780691163956
MARC Record
OCLC
751983198
Pages
304
Launched on MUSE
2015-01-01
Language
English
Open Access
No