Risk Management Using Derivative Securities

Abstract

The greatest revolution in financial management over the last 20 years must be the growth in the use of derivative securities. We can also consider this area to be part of the much larger concept of financial engineering. Limited in their use for many years, innovative financial institutions have now introduced derivatives of every colour and flavour. Principal driving forces in this growth have been:

Citation

Walsh, D. (1995), "Risk Management Using Derivative Securities", Managerial Finance, Vol. 21 No. 1, pp. 43-65. https://doi.org/10.1108/eb018496