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financial derivatives?
…aka…Risk allocation: the double
face of financial derivatives
Fulvio Corsi, Hykel Hosni and Stefano Marmi
http://homepage.sns.it/marmi/
http://alfaobeta.blogspot.com
Enterprise Risk Management and Corporate Governance
for Insurance Firms
17 May 2011 - EDHEC Business School – Lille
Paper available here:
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1844288
Derivatives: a boon to humanity or
weapons of financial mass destruction?
• Irving Fisher (1906): “risk is one of the direst economic evils, and
all of the devices which aid in overcoming it - whether increased
guarantees, safeguards, foresight, insurance or legitimate
speculation - represent a great boon to humanity”