The Financial Crisis, a Lack of Contract Specification Tools: What Can Finance Learn from Programming Language Design?

  • Authors:
  • Jean-Marc Eber

  • Affiliations:
  • LexiFi, Boulogne-Billancourt, France F-92100

  • Venue:
  • ESOP '09 Proceedings of the 18th European Symposium on Programming Languages and Systems: Held as Part of the Joint European Conferences on Theory and Practice of Software, ETAPS 2009
  • Year:
  • 2009

Quantified Score

Hi-index 0.00

Visualization

Abstract

The magnitude and dramatic consequences of the current "financial crisis" are publicly well documented. Even non professionals may read in, say, newspapers about notions like "derivatives", "over the counter deals", "complexity of contracts", "insufficient regulation" or "impossible to understand portfolios" while reading about bankruptcy or bailouts of big financial institutions.