![In Defense of Derivatives](/summary-img/26271-J4PAPC8W.jpg?h=M&b=0)
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Recommendation
Derivatives have borne the brunt of blame for the 2008 financial crisis. However, painting derivatives with one broad brush is highly misleading and patently incorrect, according to finance professor Bruce Tuckman. He posits that government-devised rules to avoid another crisis fail to address the true causes of the collapse and may discourage the use of all derivatives, which help businesses manage risk. getAbstract recommends this comprehensive overview of derivatives to regulators, executives, investors and others with an interest in minimizing risks to the financial system.
Summary
About the Author
Bruce Tuckman is a finance professor at New York University Stern School of Business.
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