Dangerous Games with Derivatives: A Half-Century History of Failures from Citibank to Barings, Societe Generale and AIG

The book debunks the mystical complexity of derivatives and offers the reader a "grand tour" of the world of financial engineering and derivative instruments. But this book is not another textbook on derivative financial instruments. It discusses the crashes of companies in both the financial and non-financial sectors, showing how unprofessional actions and abuses involving derivatives lead to failure. Each chapter is dedicated to a major incident. It begins with a description of events, followed by an analysis of the financial schemes underlying them. The book is aimed at financial managers, bankers, traders, auditors, regulatory representatives, students in relevant fields, and those interested in high-profile cases related to derivatives.