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A compelling narrative on what went wrong with our financial system -- and who's to blame.

From an award-winning journalist who has been covering the industry for more than a decade, The Devil's Derivatives charts the untold story of modern financial innovation -- how investment banks invented new financial products, how investors across the world were wooed into buying them, how regulators were seduced by the political rewards of easy credit, and how speculators made a killing from the near-meltdown of the financial system.

Author Nicholas Dunbar demystifies the revolution that briefly gave finance the same intellectual respectability as theoretical physics. He explains how bankers worldwide created a secret trillion-dollar machine that delivered cheap mortgages to the masses and riches beyond dreams to the financial innovators.

Fundamental to this saga is how "the people who hated to lose" were persuaded to accept risk by "the people who loved to win." Why did people come to trust and respect arcane financial tools? Who were the bankers competing to assemble the basic components into increasingly intricate machines? How did this process achieve its own unstoppable momentum -- ending in collapse, bailouts, and a public outcry against the giants of finance?

Provocative and intriguing, The Devil's Derivatives sheds much-needed light on the forces that fueled the most brutal economic downturn since the Great Depression.

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Price Summary

  • We started tracking this book on May 1, 2014.
  • This book was £11.39 when we started tracking it.
  • The price of this book has changed 194 times in the past 2,827 days.
  • The current price of this book is £14.49 last checked 40 minutes ago.
  • This lowest price this book has been offered at in the past six months is £14.13.
  • This lowest price this book has been offered at in the past year is £13.87.
  • The lowest price to date was £6.77 last reached on April 17, 2018.
  • This book has been £6.77 one time since we started tracking it.
  • The highest price to date was £23.03 last reached on March 11, 2020.
  • This book has been £23.03 one time since we started tracking it.

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Additional Info

  • Text-to-Speech: Enabled
  • Lending: Disabled
  • Print Length: 320 Pages
  • File Size: 892 KB

We last verified the price of this book about 40 minutes ago. At that time, the price was £14.49. This price is subject to change. The price displayed on the Amazon.co.uk website at the time of purchase is the price you will pay for this book. Please confirm the price before making any purchases.