By Vincent Antonin Lépinay
The monetary industry's invention of advanced items resembling credits default swaps and different derivatives has been commonly blamed for triggering the worldwide monetary problem of 2008. In Codes of Finance, Vincent Antonin Lépinay, a former worker of 1 of the world’s prime funding banks, takes readers behind the curtain of the fairness derivatives enterprise on the financial institution prior to the concern, offering a close firsthand account of the construction, advertising, promoting, accounting, and administration of those monetary instruments—and of ways they eventually created havoc inside and out the bank.
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Codes of Finance: Engineering Derivatives in a Global Bank by Vincent Antonin Lépinay