Overview
Through the eyes of an inventor of new markets, GoodDerivatives: A Story of Financial and Environmental Innovationtells the story of how financial innovation – a concept thatis misunderstood and under attack - has been a positive force inthe last four decades. If properly designed and regulated, these“good derivatives” can open vast possibilities toaddress a variety of global problems. Filled with provocativeideas, fascinating stories, and valuable lessons, it will provideboth an insightful interpretation of the last forty years incapital and environmental markets and a vision of world finance forthe next forty years.
As a young economist at the Chicago Board of Trade, RichardSandor helped create interest rate futures, a development thatrevolutionized worldwide finance. Later, he pioneered the use ofemissions trading to reduce acid rain, one of the most successfulenvironmental programs ever. He will provide unique insights intothe process of creating these new financial products. Coveringsuccesses and failures, the story describes the tireless process ofinventing, educating and creating support for these new inventionsin places like Chicago, New York, London, Paris and how it isunfolding today in Mumbai, Shanghai and Beijing.
The book will tell the story of the creation of the ChicagoClimate Exchange and its affiliated exchanges (European ClimateExchange, Chicago Climate Futures Exchange and Tianjin ClimateExchange, located in China). The lessons learned in these marketscan play a critical role in effectively addressing global climatechange and other pressing environmental issues. The author arguesthat market-based trading systems are a far more effective means ofreducing pollutants than “command-and-control”.Environmental markets may ultimately help to find solutions toissues such as rainforest destruction, water problems andbiodiversity threats.
Written in an engaging, narrative style, Good Derivativeswill be of interest to both practitioners and general readers whowant to better understand the creative process of financialinnovation. In the middle of so much distrust of markets, it isalso a recipe of how transparent, well-regulated markets can be aforce for good in the environmental, health, and social areas.
While major retailers like Amazon may carry Good Derivatives (A Story of Financial and Environmental Innovation), we specialize in bulk book sales and offer personalized service from our friendly, book-smart team based in Portland, Oregon. We’re proud to offer a Price Match Guarantee and a streamlined ordering experience from people who truly care.
We’re trusted by over 75,000 customers, many of whom return time and again. Want proof? Just check out our 25,000+ customer reviews—real feedback from people who love how we do business.
Prefer to talk to a real person? Our Book Specialists are here Monday–Friday, 8 a.m. to 5 p.m. PST and ready to help with your bulk order of Good Derivatives (A Story of Financial and Environmental Innovation).