Global Derivatives: A Strategic Risk Management Perspective

Global Derivatives provides comprehensive coverage of different types of derivatives, including exchange traded contracts and over-the-counter instruments as well as real options.  There is an equal emphasis on the practical application of derivatives and their actual uses in business transactions and corporate risk management situations.

Various uses of financial derivatives are outlined from relatively simple transactional hedging problems to more complex strategic risk management situations and applications of options perspectives in corporate risk management scenarios. 

This book is ideal for MBA and undergraduate students with a finance or management focus.

Review Quotes

“An interesting and useful approach to the study of derivatives.” George Christodoulakis, City University, UK

“In Global Derivatives: A Strategic Risk Management Perspective Torben Juul Andersen has succeeded to gather in one book a complete and thorough summary and an easy-to-read explanation of all types of derivative instruments and their background and their use in modern management of risk.” Steen Parsholt, Chairman and CEO, Aon Nordic Region

“In Global Derivatives: A Strategic Risk Management Perspective, Torben Juul Andersen has succeeded to gather in one book a complete and thorough summary and an easy-to-read explanation of all types of derivative instruments and their background, and their use in modern management of risk.” Steen Parsholt, Chairman and CEO, Aon Nordic Region

“Andersen has done a wonderful job of developing a comprehensive text that deals with risk management in global markets.  I would recommend this book to any student or businessman who has a need to better understand the risks and risk management approaches to dealing in the global business environment.”  Sharon Brown-Hruska, Commissioner, Commodity Futures Trading Commission, USA

“This comprehensive survey of modern risk management using derivative securities is a fine demonstration of the practical relevance of modern derivatives theory to risk management practice.  Of particular note is the global and integrated approach chosen in this book which should be of special interest to aspiring managers active in global and international markets.”

Dr Jean-Pierre Zigrand, Lecturer in Finance, London School of Economics, UK

More than 90% of the world’s largest companies headquartered around the globe use derivatives to manage their manifold risk exposures.  Derivatives are now a significant and integral part of corporate risk management practices in leading international companies.

Global Derivatives: A Strategic Risk Management Perspective provides comprehensive coverage of different types of derivatives, including exchange traded contracts and over-the-counter instruments as well as real options.  There is an equal emphasis on the practical application of derivatives and their actual uses in business transactions and corporate risk management situations.

Key features:

·                    Derivatives are introduced in a global market perspective.

·                    Describes major derivative pricing models for practical use, extending these principles to valuation of real options.

·                    Practical applications of derivative instruments are richly illustrated with concrete examples.

·                    Provides a broad discussion of strategic risk factors and introduces a new way of looking at risk management from an overall corporate strategy perspective.

Suitable for those studying a course in derivatives or risk management, as part of a business-related degree, postgraduate qualification or MBA programme.  This book also caters for practicing managers and executives who need to understand current developments in global derivatives markets and require cutting-edge insight on strategic risk management issues.

Dr Torben Juul Andersen is currently Associate Professor at Copenhagen Business School in Denmark, having previously held positions at George Mason University and Johns Hopkins University in the USA.  He has acted as consultant to various multilateral institutions including the World Bank, the International Finance Corporation, the Inter-American Development Bank, and the OECD, and has considerable experience in executive positions in the financial industry.