A Thumbnail Sketch of Derivative Securities and Their Regulation, 55 Maryland Law Review 1 (1996)
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
Romano, Roberta, "A Thumbnail Sketch of Derivative Securities and Their Regulation" (1996). Faculty Scholarship Series. Paper 1960.