Good Derivatives

A Story of Financial and Environmental Innovation

Business & Finance, Finance & Investing, Finance
Cover of the book Good Derivatives by Richard L Sandor, Wiley
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Richard L Sandor ISBN: 9781118216392
Publisher: Wiley Publication: April 6, 2012
Imprint: Wiley Language: English
Author: Richard L Sandor
ISBN: 9781118216392
Publisher: Wiley
Publication: April 6, 2012
Imprint: Wiley
Language: English

Through the eyes of an inventor of new markets, Good Derivatives: A Story of Financial and Environmental Innovation tells the story of how financial innovation – a concept that is misunderstood and under attack - has been a positive force in the last four decades. If properly designed and regulated, these “good derivatives” can open vast possibilities to address a variety of global problems. Filled with provocative ideas, fascinating stories, and valuable lessons, it will provide both an insightful interpretation of the last forty years in capital and environmental markets and a vision of world finance for the next forty years.

As a young economist at the Chicago Board of Trade, Richard Sandor helped create interest rate futures, a development that revolutionized worldwide finance. Later, he pioneered the use of emissions trading to reduce acid rain, one of the most successful environmental programs ever. He will provide unique insights into the process of creating these new financial products. Covering successes and failures, the story describes the tireless process of inventing, educating and creating support for these new inventions in places like Chicago, New York, London, Paris and how it is unfolding today in Mumbai, Shanghai and Beijing.

The book will tell the story of the creation of the Chicago Climate Exchange and its affiliated exchanges (European Climate Exchange, Chicago Climate Futures Exchange and Tianjin Climate Exchange, located in China). The lessons learned in these markets can play a critical role in effectively addressing global climate change and other pressing environmental issues. The author argues that market-based trading systems are a far more effective means of reducing pollutants than “command-and-control”. Environmental markets may ultimately help to find solutions to issues such as rainforest destruction, water problems and biodiversity threats.

Written in an engaging, narrative style, Good Derivatives will be of interest to both practitioners and general readers who want to better understand the creative process of financial innovation. In the middle of so much distrust of markets, it is also a recipe of how transparent, well-regulated markets can be a force for good in the environmental, health, and social areas.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Through the eyes of an inventor of new markets, Good Derivatives: A Story of Financial and Environmental Innovation tells the story of how financial innovation – a concept that is misunderstood and under attack - has been a positive force in the last four decades. If properly designed and regulated, these “good derivatives” can open vast possibilities to address a variety of global problems. Filled with provocative ideas, fascinating stories, and valuable lessons, it will provide both an insightful interpretation of the last forty years in capital and environmental markets and a vision of world finance for the next forty years.

As a young economist at the Chicago Board of Trade, Richard Sandor helped create interest rate futures, a development that revolutionized worldwide finance. Later, he pioneered the use of emissions trading to reduce acid rain, one of the most successful environmental programs ever. He will provide unique insights into the process of creating these new financial products. Covering successes and failures, the story describes the tireless process of inventing, educating and creating support for these new inventions in places like Chicago, New York, London, Paris and how it is unfolding today in Mumbai, Shanghai and Beijing.

The book will tell the story of the creation of the Chicago Climate Exchange and its affiliated exchanges (European Climate Exchange, Chicago Climate Futures Exchange and Tianjin Climate Exchange, located in China). The lessons learned in these markets can play a critical role in effectively addressing global climate change and other pressing environmental issues. The author argues that market-based trading systems are a far more effective means of reducing pollutants than “command-and-control”. Environmental markets may ultimately help to find solutions to issues such as rainforest destruction, water problems and biodiversity threats.

Written in an engaging, narrative style, Good Derivatives will be of interest to both practitioners and general readers who want to better understand the creative process of financial innovation. In the middle of so much distrust of markets, it is also a recipe of how transparent, well-regulated markets can be a force for good in the environmental, health, and social areas.

More books from Wiley

Cover of the book This is Social Commerce by Richard L Sandor
Cover of the book The Bioinorganic Chemistry of Chromium by Richard L Sandor
Cover of the book Introduction to Mathematical Methods for Environmental Engineers and Scientists by Richard L Sandor
Cover of the book Twenty-First Century Psychotherapies by Richard L Sandor
Cover of the book Switching to a Mac For Dummies by Richard L Sandor
Cover of the book Postmodernity and its Discontents by Richard L Sandor
Cover of the book Game of Thrones and Philosophy by Richard L Sandor
Cover of the book Clinical Context for Evidence-Based Practice by Richard L Sandor
Cover of the book Blackwell's Five-Minute Veterinary Consult Clinical Companion by Richard L Sandor
Cover of the book Revised Form 990 by Richard L Sandor
Cover of the book Clarinet For Dummies by Richard L Sandor
Cover of the book Analysis of Protein Post-Translational Modifications by Mass Spectrometry by Richard L Sandor
Cover of the book How to Reach and Teach Children with Challenging Behavior (K-8) by Richard L Sandor
Cover of the book The Naked Coach by Richard L Sandor
Cover of the book Antenna Theory by Richard L Sandor
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy