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Merton Miller on Derivatives by Merton H. Miller (Hardcover, 1997)

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Great reading and great analysis.". -Hans R. Stoll Walker Professor of Finance and Director of the Financial Markets Research Center, Vanderbilt University. -Charles W. Smithson Managing Director, CIBC Wood Gundy.

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A rare opportunity to go one-on-one with an industry giant and one of today's most respected financial thinkers, Merton Miller on Derivatives is a refreshingly accessible overview of derivatives, the revolution they have wrought, and the disasters they've supposedly caused. Though routinely assailed by regulators and the media, derivatives are hailed by a celebrated group of practitioners, analysts, and theorists, led most notably by Nobel laureate Merton Miller. Miller is legendary for repeatedly demonstrating-often with humor and always with grace-the value of derivatives in price discovery, managing financial risk, and tailoring a risk-return profile. Here, in this collection of his recent essays, Miller expounds on a number of critical derivatives issues. Is it a problem that some organizations have lost substantial sums on derivatives? Miller's short answer: Some organizations will always find ways to lose money. Nor does he believe that more government regulation is the answer. He notes, for example, that for all the horror stories about derivatives, the world's banks have lost vastly more in bad real estate deals than they'll ever lose on their derivatives portfolios. Merton Miller on Derivatives offers twenty-two provocative chapters. A sampling: The Recent Derivatives 'Disasters': Assessing the Damage takes a close look at such debacles as Procter & Gamble, Orange County, and Barings Bank. Financial Regulation: The Inside Game uses an apt sports analogy to show how the derivatives regulatory game is really played, as opposed to the way outsiders imagine it is played. Japanese-American Trade Relations: Can Rambo Beat Godzilla? succinctly sums up the nature of Japanese-American trade. And Risk and Return on Futures Contracts: A Chicago View highlights the pivotal role derivatives play in hedging risk. There are also penetrating pieces on corporate governance that compare the system existing in the United States and England with the one existing in Germany and Japan. To complete the collection, a section called Questions I'm Often Asked features Miller's unique perspective on a wide range of topics, from what's ahead for China to what we've learned from the Crash of 1987. Contrary to widely held perceptions, the so-called derivatives revolution has made the world safer, not more dangerous. This explains the phenomenal growth of financial futures. As Miller shows, derivatives enable organizations to deal effectively with risks that have plagued them for decades, even centuries. Praise for merton miller on derivatives Miller is one of the clearest thinkers of our time. Once again, he provides a simple, insightful, and witty analysis of an important and complex topic. This book is truly fun to read. -Kenneth R. French Beinecke Professor of Management Studies and Finance Yale University School of Management. Some of us trade markets; others of us observe markets; Merton Miller understands markets. As this volume demonstrates, Professor Miller is unsurpassed at cutting through fluff, misinterpretation, and even obfuscation to get to the heart of highly charged issues. -Charles W. Smithson Managing Director, CIBC Wood Gundy. Vintage Merton Miller: zesty writing and forcefully communicated ideas, not only on derivatives, but on a wide range of topics in financial markets. This is no ponderous academic tome, but rather a series of entertaining, yet devastatingly analytical essays on controversial issues in finance. Great reading and great analysis. -Hans R. Stoll Walker Professor of Finance and Director of the Financial Markets Research Center, Vanderbilt University. I am grateful to Merton Miller for setting the record straight, once again, regarding derivatives. With his customary brilliance, Merton cuts through the fog of misunderstanding and nonsense that too often surrounds derivatives and reveals them for what they truly are: phenomenally successful and essential r

Product Identifiers

Publisher
John Wiley & Sons Inc
ISBN-13
9780471183402
eBay Product ID (ePID)
96535391

Product Key Features

Author
Merton H. Miller
Publication Name
Merton Miller on Derivatives
Format
Hardcover
Language
English
Subject
Finance
Publication Year
1997
Type
Textbook
Number of Pages
240 Pages

Dimensions

Item Height
238mm
Item Width
160mm
Item Weight
480g

Additional Product Features

Title_Author
Merton H. Miller
Country/Region of Manufacture
United States

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item 1 Merton Miller on Derivatives (Wiley..., Miller, Merton
AU $20.68
Free postage
item 2 Merton Miller on Derivatives by Merton H. Miller (English) Hardcover Book
AU $52.43
Free postage
item 3 NEW BOOK Merton Miller on Derivatives by Merton H. Miller (1997)
AU $66.66
+AU $9.95 postage
item 4 Merton Miller on Derivatives by Miller, Merton H. -Hcover
AU $77.76
+AU $9.98 postage

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Picture 1 of 1

Merton Miller on Derivatives by Merton H. Miller (Hardcover, 1997)

About this product

Product Information

Product Identifiers

Product Key Features

Dimensions

Additional Product Features

All listings for this product

item 1 Merton Miller on Derivatives (Wiley..., Miller, Merton

item 2 Merton Miller on Derivatives by Merton H. Miller (English) Hardcover Book

item 3 NEW BOOK Merton Miller on Derivatives by Merton H. Miller (1997)

item 4 Merton Miller on Derivatives by Miller, Merton H. -Hcover

Best Selling in Adult Learning & University

Eduqas GCSE (9-1) Religious Studies Route B: Catholic Christianity and Judaism by Deirdre Cleary, Andrew Barron, Joy White, Patrick Harrison (Paperback, 2017)

Polyvagal Exercises for Safety and Connection: 50 Client-Centered Practices by Deb Dana (Paperback, 2020)

Save on Adult Learning & University

Netter Atlas of Human Anatomy: Classic Regional Approach

Michael Nehls The Indoctrinated Brain (Hardback) (US IMPORT)

Bill Perkins Die With Zero (Paperback)

Havard's Nursing Guide to Drugs

The Fourth Turning By Neil Howe, William Strauss

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