This work provides a comprehensive reference on the MG debacle and the corporate hedging debate. It also provides alternative perspectives on corporate hedging design and risk management from leading theoreticians.
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The book targets sophisticated audiences. Concepts are well developed, rigorous presented and meticulously referenced. There is some mathematics, but it appears primarily in later chapters. Audiences include managers interested in policy, traders who must understand complex hedging strategies and readers interested in the fall of Metallgesellschaft. For risk managers, both at financial organizations as well as corporations, the entire book is a gem. -- Glyn Holton, Contingency Analysis
An edited collection addressing key issues in the theory and practice of corporate hedging with the MG debacle as the focal point.
* A comprehensive, wide-ranging and high-level examination of corporate hedging design and management
* A multi-faceted account of the MG debacle from the viewpoints of key commentators
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