The area of derivatives is arguably the most fascinating area within financial economics during the past thirty years …. This chapter reviews the evolution of derivatives contract markets and derivatives research over the past thirty years. The …. The key economic insight of their model is that a risk-free hedge can be formed between a derivatives contract and its …

Memorial Prize in Economic Sciences in 1997 for a new method to determine the value of derivatives. After receiving a Ph.D. in …

rate dynamics, and basic principles of pricing interest rate derivatives. …

between volatility in dance and finance, was a notable exception. Martin focused on derivatives, which played a critical role … in the development of financialized capitalism, especially between 1973-2008. Arguably, however, derivatives are no …