Since the 1980s there has been an explosion in derivatives trading. The structure of these financial products, however, has become increasingly complex and they now command an increasingly large amount of money. Derivatives have often been seen as the great villain of the piece, responsible for some of the most newsworthy financial disasters, including Barings Bank and the ERM Crisis. With this revised edition, Alfred Steinherr offers an alternative view that, carefully handled, derivatives are an effective and perfectly acceptable investment medium and that they offer the ideal method to...