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- W4246621324 abstract "Derivatives are not a modern invention. They have a longer history than either stocks or bonds. They have consistently gained in popularity, particularly since they were listed on major exchanges. This chapter discusses the history of options and other financial derivatives. These stories are interesting, but even if they are not interesting, they would be important. Sadly, option traders often find themselves in situations where they need to defend their profession. This can happen in social situations, which is annoying, but it is also a topic of political debate. Traders cannot reasonably expect much public sympathy, but they need to be able to conduct a coherent defence of the morality, necessity and desirability of the existence of their business. Understanding the history of derivatives and particularly the way that they have been blamed for many past financial catastrophes can only help do this." @default.
- W4246621324 created "2022-05-12" @default.
- W4246621324 date "2012-01-02" @default.
- W4246621324 modified "2023-10-17" @default.
- W4246621324 title "History" @default.
- W4246621324 doi "https://doi.org/10.1002/9781119198673.ch1" @default.
- W4246621324 hasPublicationYear "2012" @default.
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