This is a systematic source which tries to explain how and why the 233-year-old and the World's oldest merchant bank went into bankruptcy in a few days. It includes three parts with 10 separate chapters. Part 1 first describes what happened, then traces the birth and historical glory of the Barings bank and family, and finally how it was sold to the Internationale Nederlanden Groep (ING). As many terms of the financial derivatives are used in the first part, the book tries to provide an easy and systematic way to clarify the related financial derivatives products in part 2. Part 2 first gives...

The International Monetary Fund (IMF) needs little introduction. Its visible and contentious involvement in the regional crisis have attracted inordinate media attention both good and bad. On one end of the scale, it has been portrayed as an institutionalized financial messiah, whose mere presence is able to resurrect emaciated economies and restore the public's confidence. However, at the same time it is also regarded by others as a Western-dominated financial bludgeon whose measures are aimed to break open developing economies for foreign pickings.

It is not difficult to find that such...

Since late 2002 there have been many disputes and discussions around the world on whether or not the Chinese yuan (CNY), or renminbi (RMB), should be revalued. Based on various arguments and discussions, the CNY has been expected to be revalued worldwide, as evidenced by the significant premiums for the CNY non-deliverable forwards in the offshore marketplace. With the CNY revaluation perspectives, hundreds of billions of US dollars have been invested in various types of CNY-related derivatives products. The purpose of this book is not to tell the reader whether the RMB should be revalued, or...

This is a systematic classification and treatment to essentially all exotic options currently trading at the Over-the-Counter (OTC) market. It aims to be an industry standard book on this subject.

This is a systematic classification and treatment of essentially all exotic options currently trading at the Over-the-Counter (OTC) market. It aims to be an industry standard book on this subject. It contains exact closed-form pricing formulae and approximated closed-form pricing formulae for all popular exotic optics. It includes arguments for and pricing formulae of exotic options with more flexibility than most popular exotic options such as Asian options with the underlying assets, etc. Most of the analyses in this book are within the Black-Scholes environment so that comparisons of each...