# kaal:claim:4900880-014

**Claim.** Financial derivatives are a major form of economic entanglement that played a key role in recent financial crises, with nominal values estimated at over a quadrillion dollars, which indicates how extensive entanglement in the global financial system has become.

**Type.** empirical  **Support.** evidenced

**Source quote.**

> The nominal value of financial derivatives has been estimated at over a quadrillion dollars, highlighting the extent of entanglement in the global financial system.

**From.** Wulf A. Kaal, *Quantum Economy and the Future of Work* (2024), 2.5.2 Entanglement in Economic Systems, page 18

**Cite as.** Wulf A. Kaal, Quantum Economy and the Future of Work (2024). SSRN: https://ssrn.com/abstract=4900880

**Verify.** sha256 of source PDF `64ea6e8b7cfb3d9a83801eba54f9b87182b842a963273ddab7f2d5305639db73` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202024%20-%20Quantum%20Economy%20and%20the%20Future%20of%20Work.pdf

**Topics.** systemic-risk, risk-and-incentives

**Keywords.** derivatives, financial-entanglement, financial-crisis, systemic-risk

**Related claims.**

- supports: https://wulfkaal.github.io/claims/4900878-010

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.