By Praveen Gupta
What is CGR PhD's research about? Introducing research projects of CGR PhD members
Financial Derivatives are instruments that were invented, at least in theory, to protect us from various risks arising in uncertain markets. In an ideal world, they were expected to work like this:
However, a combination of weak regulatory framework, individual greed and financial innovation gone rouge, resulted in 2008 financial crisis, which many blame on excessive and sometimes illegitimate use of Financial Derivatives.