Fever along the Potomac

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Date: July 1994
From: Management Review(Vol. 83, Issue 7)
Publisher: American Management Association
Document Type: Article
Length: 1,784 words

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Abstract :

Derivatives, a relatively new form of financial hedging, are increasingly being used by companies to guard against continued increases in interest rates, which are being imposed by the Federal Reserve Board to clamp down on inflation. However, several large companies reported huge losses from derivatives investments in 1993, among them Procter & Gamble. The federal government is attempting to keep track of the new financial vehicles and is being advised by a derivatives expert, Darcy Bradbury. In addition, the Government Securities Act of 1986 was amended to reduce the risk of companies investing unwisely.

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Gale Document Number: GALE|A15501936