Chiara Oldani 
Governing Global Derivatives [PDF ebook] 
Challenges and Risks

Governing Global Derivatives analyzes the role of the most important financial innovation of the last two decades – financial derivatives – in a global dimension. The evolution of derivatives, especially Over the Counter (OTC), and the possibility of managing risks tailored to customers » needs, are the basic recipe for the success of derivatives. This book focuses on the role of derivatives from a macroeconomic point of view, considering how monetary theory and policy, fiscal policy and the growth process are affected. It fills a gap by rethinking the way financial markets are considered in the macroeconomy and the transmission mechanism of impulses.