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Quote by Alan Greenspan

“The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions... Derivatives have permitted the unbundling of financial risks.”

Quote by Alan Greenspan

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Alan Greenspan, born on March 6, 1926, is an accomplished economist from the United States. He has made significant contributions to the field of economics and has had a profound impact on the global financial system as the Chairman of the Federal Reserve System. more

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Made Self Interest Mistake Capable Firm Equity Self Interest Made A Mistake Organisation Shareholders I Made A Mistake Presuming

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Knows Past Values Subjects Decades Unexpected Japan Assets Irrational Over The Past Exuberance Contractions

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“By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.”

Has Beens Past Events Development Extraordinary Financial Decades Significant Finance Expansion Derivatives Significant Events

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Knows Past Values Risk Subjects Higher Lows Rate Decades Uncertainty Unexpected Japan Assets Irrational Earning Inflation Over The Past Ratios Exuberance Contractions Inverse

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“Credit-default swaps, I think, have serious problems associated with them.”

Thinking Problem Serious Credit Default Credit Default Swap

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“There are two main drivers of asset class returns - inflation and growth.”

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