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2 Nov 2009, 8:03 am
[iii] Just recently, the International Swaps and Derivatives Association reported that at the end of 2006 the derivatives market amounted US$283 trillion, an exorbitant amount when compared with the US$34 trillion resulting from the sum of the gross domestic product of the United States, the European Union, Canada, Japan and China. [read post]
2 Nov 2009, 8:05 am
In 1993, the Swaps Monitor, an industry newsletter, reported that the derivatives market amounted to a total of US$24 trillion, representing approximately four times the size of America’s domestic product by that time. [3] Just recently, the International Swaps and Derivatives Association reported that at the end of 2006 the derivatives market amounted US$283 trillion, an exorbitant amount when compared with the US$34 trillion resulting from the sum of the gross domestic product… [read post]