A Global Derivatives Expert Shines The Light On Systematic Risk – ValueWalk Premium
Global Derivatives, Systematic Risk, Big Short

A Global Derivatives Expert Shines The Light On Systematic Risk

A Global Derivatives Expert Shines the Light on Systematic Risk by David Galland

“A bank, especially an investment bank, is a fiendishly complicated institution. It is essentially a huge seething pot of current and future cash flows, the nature and risk of which change as the markets and the economy change.”

In order to better understand the tangled mass of derivatives overhanging the global banking system, we need to begin by defining some basic terms.

  • Market value: The amount of money actually at . . .

    SORRY!

    This content is exclusively for paying members.

    If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.


X
Saved Articles
X
TextTExtLInkTextTExtLInk

0