Bangalore International Centrehad arranged a Book Launch of the Book “The Economics of Derivatives ” jointly authored by Dr. T V Somanathan and Dr. V AnanthaNageswaran,on Saturday, 14thMarch, 2015 at 11.00 AM.Mr. C B Bhave, former Chairman of SEBI Chaired and moderated the discussion on the book. Mr.Bhave released the book. This event was arranged in collaboration with Takshashila Institution and Cambridge University Press.
In an interesting dialogue, Mr.Bhave probed the two authors about their motivation to write the book. As they explained, it was their endeavour to look at the various forms of derivatives to assess their contribution to overall economic well-being. So, they took an unbiased look at both the beneficial and adverse effects of derivatives trading from the perspectives of economic theory, empirical evidence and recent economic history. Aiming to present the concepts in a fair, non-ideological, non-mathematical and simple manner, and their own synthesis, they drew on economic insights from relevant work in other disciplines, particularly sociology and law. They also suggested some new theoretical ideas and recommendations towards a pragmatic and practical approach for policy-makers. Mr.Bhave, with his vast insight into the working of SEBI explained as to how the regulators had booked at the emergence of derivatives as important players in the financial market.
It was a scintillating discussion, sparkling with wit, in which a large audience participated enthusiastically.