Document Type

Article

Comments

A Thumbnail Sketch of Derivative Securities and Their Regulation, 55 Maryland Law Review 1 (1996)

Abstract

Derivative securities-financial instruments whose value derives
from some other, more fundamental, asset-have gone from obscurity
and the arcane to the front pages of newspapers and the forefront
of the legislative agenda in a very short time span. This change has
occurred because a diverse set of investors, from hedge funds, corporations,
and money market mutual funds to non-profit organizations,
have posted large losses on derivative investments.

Date of Authorship for this Version

1996

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Law Commons

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