Supervision of Derivative Instruments

  • Jerry L. Jordan
Chapter
Part of the Financial and Monetary Policy Studies book series (FMPS, volume 30)

Abstract

The financial press in the United States is having a great time telling readers about the risks associated with financial derivatives. The casual reader might think that some new risks have been invented or, at a minimum, that our financial system is riskier now than a few years ago. Neither conjecture is true. New risks have not been discovered, and the financial market is not a riskier place.

Keywords

Central Bank Credit Risk Federal Reserve Systemic Risk Deposit Insurance 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media New York 1995

Authors and Affiliations

  • Jerry L. Jordan
    • 1
  1. 1.President and Chief Executive OfficerFederal Reserve Bank of ClevelandClevelandUSA

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