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The Devil's Derivatives: The Untold Story of the Slick Traders and Hapless Regulators Who Almost Blew Up Wall Street . . . an by Nicholas Dunbar

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Appendix

A timeline of some significant historical events referred to in the book, and episodes involving the book’s key characters.

1973Fischer Black, Myron Scholes, and Robert Merton publish seminal papers on option pricing
1974Robert Merton publishes paper using option theory to link debt and equity
1986Start of S&L crisis
1987Oldrich Vasicek publishes working paper applying Merton’s work to credit portfolios

Federal Reserve protects Wall Street securities firms from October stock market crash by ensuring that banks lend

1988Basel I bank capital accord agreed

Nick Sossidis and Stephen Partridge-Hicks set up Alpha Finance for Citibank

1994VAR models protect commercial banks from market turmoil
1995Barings Bank almost bankrupted by Nick Leeson’s ...

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