Capital Markets, Derivatives and the Law
"Capital Markets, Derivatives and the Law is a great introduction to the often obscure world of financial instruments. From debt to equity to derivatives, Alan Rechtschaffen provides an accessible explanation of how these instruments work in the real world. Students and practitioners who want to understand these instruments will all benefit from his accessible book."-Donald MarronFormer Member of the President's Council of Economic AdvisersFormer Acting Director of the Congressional Budget Office"Alan Rechtschaffen's book, Capital Markets, Derivatives and the Law, is a fascinating analysis of modern capital markets, drawing on insights from law, economics, political science, history, and sociology. As an educator, attorney, policy adviser, and market participant, Rechtschaffen offers a unique perspective on important questions of public policy. Combining economic and legal scholarship while encouraging discussion of today's headlines, this book is of interest to academics, practitioners, bankers, regulators, and anyone else who wants to understand our complex, rapidly evolving capital markets."-Geoffrey P. MillerStuyvesant P. Comfort Professor of LawDirector, Center for the Study of Central Banks and Financial Institutions"One of the leading academics and practitioners in the evolving arena of derivative products presents a clear, understandable explanation of these financial instruments and their relevance and impact on capital markets and the global financial crisis. A must read for anyone trying to understand today's business headlines."-Kenneth RaislerHead of Commodities, Futures and Derivatives Group, Sullivan & CromwellFormer General Counsel, CFTCFormer Member, Working Group of The Group of Thirty Derivatives Project"Alan Rechtschaffen has written an essential book for lawyers working on matters related to financial markets in the wake of the crisis. Capital Markets, Derivatives and the Law is a one-stop source of knowledge about the financial instruments involved in the crisis and the case law to deal with them. It brings together law and financial markets in a way that adds enormous value in both directions. Lawyers and financial market participants will want to read this book."-Phillip SwagelProfessor, McDonough School of Business, Georgetown UniversityFormer Assistant Secretary, U.S. Treasury