Will the rapid emergence of credit derivatives and the greater role of hedge funds make markets more-or less-stable?
信用衍生产品的快速涌现和对冲基金地位的增强会使得市场更加稳定或是不稳定?
2
BNP has played its hand very well, but its business mix (a stable home market and a focus on equity derivatives) helped massively by keeping it away from the worst blow-ups.