Leo Melamed on The Markets: Twenty Years of Financial History as Seen by the Man Who Revolutionized the Markets [Paperback]

Leo Melamed (Author)

Book Description

Publication Date: December 1992

A riveting inside look at the turbulent, controversial world of the futures markets through the eyes of the man who made them what they are today. Melamed relates how he helped create the futures markets and the changes they wrought in the financial world of the 1980s, the importance of futures markets to the global economy, the debate over them in the wake of the 1987 crash and the future of electronic global markets.

Editorial Reviews

From Library Journal

As chairman of the Chicago Mercantile Exchange in 1972, Melamed was instrumental in introducing futures on foreign currencies with the International Monetary Market--the "revolution" being that these are nontangible products without physical delivery. Futures had previously been confined to agricultural products. Since then the Merc has initiated several other futures contracts (e.g., Eurodollars, S & P 500). This book is a collection of Melamed's speeches and articles during the years 1969 to 1992 in which he argues for, explains, and justifies these contracts, an uphill battle against conventional wisdom and the scorn of the financial community. Institutions, which now own the majority of common stocks outstanding, have come to depend on these contracts to manage risk. If use is a measure of need, these contracts have proven their utility. Despite the inevitable overlap/repetition of various elements in a collection such as this, business collections will want it.
- Alex Wenner, Indiana Univ. Libs., Bloomington
Copyright 1993 Reed Business Information, Inc.

From the Publisher

A riveting inside look at the turbulent, controversial world of the futures markets through the eyes of the man who made them what they are today. Melamed relates how he helped create the futures markets and the changes they wrought in the financial world of the 1980s, the importance of futures markets to the global economy, the debate over them in the wake of the 1987 crash and the future of electronic global markets.

Product Details

• Paperback: 304 pages
• Publisher: Wiley; 1 edition (December 1992)
• Language: English
• ISBN-10: 0471575240
• ISBN-13: 978-0471575245
• Product Dimensions: 9.2 x 6.2 x 1.1 inches
• Shipping Weight: 1.3 pounds (View shipping rates and policies)
• Amazon Best Sellers Rank: #490,083 in Books (See Top 100 in Books)

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