Abstract
We are in the midst of a giant economic, business and financial revolution, particularly with respect to understanding and managing risk and uncertainty. The revolution is worldwide and is an important factor in globalizing markets. This revolution has significantly changed the way businesses and financial firms are managed, the way markets, products, and services are structured and analyzed, and the way economists and financial experts perform their analytical and operating tasks.
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For additional discussion of conditions for a successful futures contract, see Richard Sandor, “Financial Futures Markets,” Proceedings from Conference Honoring Dewey Daane, April 13, 1989; Vanderbilt University.
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© 2016 James A. Hayes, Joseph B. Cole and David I. Meiselman
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Hayes, J.A., Cole, J.B., Meiselman, D.I. (2016). 1993: Health Insurance Derivatives: the Newest Application of Modern Financial Risk Management. In: Crow, R.T. (eds) The Best of Business Economics. Palgrave Macmillan, New York. https://doi.org/10.1007/978-1-137-57251-6_22
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DOI: https://doi.org/10.1007/978-1-137-57251-6_22
Publisher Name: Palgrave Macmillan, New York
Print ISBN: 978-1-349-57417-9
Online ISBN: 978-1-137-57251-6
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