A History of Derivatives: From Ancient Mesopotamia to Trading Places
As a Seasonal Special Ed asked his father, historian Professor Geoffrey Parker, to join him to look at, and present, ”A History of Derivatives – From Ancient Mesopotamia to Trading Places” which follows on from the well received video series this year on the new 2014 ISDA Credit Derivatives Definitions consisting so far of three focus episodes and a general overview discussion:
- Part Three, Successor Provisions
- Part Two, the Restructuring Credit Event
- Part One, incorporating Governmental Intervention Credit Event, Financial Reference Entity Terms and Relates Asset Package Delivery Provisions
- Overview: A New World and the Path to Here
This video is an insightful look at this history, stretching from the times of Babylonian King Hammurabi, 4000 years ago, through the Ancient Middle East, Greece and Rome; then London and Europe in the 17th and 18th centuries, and the American, European and Asian markets of the 19th and 20th centuries, ending at the start of the modern era in the 1980s.
This entertaining piece will be of interest not just to derivatives specialists, but also to all those who have an interest in the history of the financial markets. (running time 52.25)
