The trade in derivatives generates systemic risks and needs to be better regulated.

<tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>For a little under a year now, the world economy has been shaken by the turmoil in financial markets set off by the sub-prime crisis. Horst Kohler, a former head of the IMF and now the President of Germany, criticised the international finance industry about a month ago and questioned whether the rapid growth of this industry, the exotic financial products that it purveys and the huge incomes that its managers take home, reflect a genuinely-useful contribution to the global economy. 
</p><p class='TableClas'>Who is right 

P>The trade in derivatives generates systemic risks and needs to be better regulated.

Nitin Desai: Casino capitalism

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