Sudip Bandyopadhyay’s Blog

From the time in the early 1980s when the Derivatives first started trading, in a short span of less than 30 years the derivatives market has become the biggest market in the world. At the end of last year, contracts with a face value of $636,431bn were swirling around the world’s financial system, according to [...]

In Pablo Triana’s recent  book “Lecturing Birds on Flying” he suggests that probably Nobel Prize for economics should be abolished.  His assertion is that financial models such as value at risk (VaR), Black-Scholes-Merton (BSM) model have done more harm than good.  He goes on to say that “quantitative – finance” had a very large hand [...]