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THE EVOLUTION OF RISK MANAGEMENT PRODUCTS

THE EVOLUTION OF RISK MANAGEMENT PRODUCTS Footnotes 1 . This decoupling of interest rate risk and credit risk is stressed in Marcelle Arak , Arturo Estrella , Laurie Goodman , and Andrew Silver , “ Interest Rate Swaps: An Alternative Explanation ,” Financial Management , Vol. 17 No. 2 (Summer 1988 ), pp. 12 – 18 . 2 . A description of the Bretton Woods system and its effect on prices is contained in Bluford Putman and D. Sykes Wilford, eds., The Monetary Approach to International Adjustment (New York: Praeger, 1986). 3 . For a description of the credit risk aspects of a forward contract. see Managing Financial Risk , chapters 3 and 4. 4 . CME futures contracts on other currencies followed: French Franc, September 1974; European Currency Unit, January 1986; and Australian Dollar, January 1987. 5 . For a description of the evolution of the currency swap from parallel loans, see Clifford W. Smith , Charles W. Smithson , and Lee Macdonald Wakeman , “ The Evolving Market for Swaps ,” Midland Corporate Finance Journal , Vol. 3 , No. 4 , Winter 1986 . 6 . Option contracts on the French Franc began trading in 1984, followed by the ECU in http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Applied Corporate Finance Wiley

THE EVOLUTION OF RISK MANAGEMENT PRODUCTS

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References (1)

Publisher
Wiley
Copyright
Copyright © 1989 Wiley Subscription Services, Inc., A Wiley Company
ISSN
1078-1196
eISSN
1745-6622
DOI
10.1111/j.1745-6622.1989.tb00171.x
Publisher site
See Article on Publisher Site

Abstract

Footnotes 1 . This decoupling of interest rate risk and credit risk is stressed in Marcelle Arak , Arturo Estrella , Laurie Goodman , and Andrew Silver , “ Interest Rate Swaps: An Alternative Explanation ,” Financial Management , Vol. 17 No. 2 (Summer 1988 ), pp. 12 – 18 . 2 . A description of the Bretton Woods system and its effect on prices is contained in Bluford Putman and D. Sykes Wilford, eds., The Monetary Approach to International Adjustment (New York: Praeger, 1986). 3 . For a description of the credit risk aspects of a forward contract. see Managing Financial Risk , chapters 3 and 4. 4 . CME futures contracts on other currencies followed: French Franc, September 1974; European Currency Unit, January 1986; and Australian Dollar, January 1987. 5 . For a description of the evolution of the currency swap from parallel loans, see Clifford W. Smith , Charles W. Smithson , and Lee Macdonald Wakeman , “ The Evolving Market for Swaps ,” Midland Corporate Finance Journal , Vol. 3 , No. 4 , Winter 1986 . 6 . Option contracts on the French Franc began trading in 1984, followed by the ECU in

Journal

Journal of Applied Corporate Finance – Wiley

Published: Jan 1, 1989

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