In this updated paperback edition of "Derivatives: The Wild Beast of Finance," Dr. Steinherr challenges the negative perception of derivatives, arguing they play a crucial role in risk management and preventing financial disasters. The revised content makes complex topics more accessible for investors and finance enthusiasts.
The book provides a detailed economic analysis of the transition to market economies in Central and Eastern Europe, exploring the challenges and strategies involved in this significant shift. It examines the historical context, policy decisions, and the impact of these changes on various sectors. The author emphasizes the complexities of implementing market reforms and the socio-economic implications for the region, offering insights into both successes and ongoing struggles during this transformative period.
This book provides a comprehensive economic analysis of the transition to market economies in Central and Eastern Europe. It explores the challenges and strategies involved in shifting from centrally planned economies to market-oriented systems. Key themes include the impact of policy decisions, the role of institutions, and the socio-economic consequences of this transition. Through detailed case studies and empirical data, the book offers insights into the successes and setbacks experienced during this significant economic transformation.