Financial Weapons of Mass Destruction

November 05, 2010
Credit default swaps are just one kind of financial derivative - and were the root of the 2008 financial crisis. But what are derivatives? Can they be explained in layman's terms?  And how big is their economic impact?

In this interview, IMD Professor Emeritus James Ellert explains more about derivatives, sometimes referred to as OTC derivatives, and puts the size of the market into a thought provoking perspective.

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