Alchemists of loss

By:

Dowd, Kevin

Contributor(s):

Hutchinson, Martin

Material type: Text

TextPublication details: New Delhi; Times Group; 2010Description: 422 pISBN:

9788126527731

Subject(s):

Financial system-Government intervention

DDC classification:

332.6732 DOW

Summary: Over the last thirty years, capital markets have been restructured through the tenets of modern finance. This has been enormously profitable for the financial services sector. However, these innovations, coupled with unsound risk and regulatory practices have proved disastrous for the global economy. In a clear and accessible style, ex-investment banker and financial journalist Martin Hutchinson and highly respected academic, Kevin Dowd show how modern finance combined with easy money threatened to bring down the world financial system. At the heart of the book is modern finance as a U.S. invention, the theories and practices associated with them and the changes they made in business models and risk management on Wall Street and other major financial centers. The Alchemists of Loss will help you to understand how our financial system crashed and show you what it will take to make sure this won't happen again as we move forward. Table of Contents: Acknowledgements and Dedication Foreword Part One: Past Successes and Disasters Introduction Pre-Modern Finance Lessons from Past Financial Crises Part Two: The Modern Financial Theory Engine Theoretical Foundations of Modern Finance Modern Financial Theory's Hideous Flaws Risk Management: Daft Theory, Dodgy Practice P art Three: Interactions with the Real World The Real World Becomes Modern Finance-friendly Modern Finance Captures Wall Street And Wall Street Metamorphoses Derivatives and Other Disasters Part Four: Policy Accommodates Modern Finance Loose Money Government Meddling in the Financial System Part Five: Gotterdammerung Bubble, Burst and Panic The Slope Down Which We're Heading Part Six: Charting a New Way Forward The Math of Proper Risk Management Back to the Future - A New Vision of Finance A Blueprint for Reform Lessons to Take Away Bibliography Index

Tags from this library: No tags from this library for this title. Log in to add tags.

Average rating: 0.0 (0 votes)

Holdings
Item type	Current library	Call number	Status	Date due	Barcode	Item holds
Books	Gandhi Smriti Library	332.6732 DOW (Browse shelf(Opens below))	Available		146173

Total holds: 0

Browsing Gandhi Smriti Library shelves Close shelf browser (Hides shelf browser)

Previous			No cover image available No cover image available			No cover image available No cover image available		Next
Previous	332.6730954 PAN FDI in India: History, Policy and the Asian Perspective	332.6730954 PAN FDI in India : history, policy and the Asian perspective	332.6730954 RAO India`s recent inwards foreign direct investment	332.6732 DOW Alchemists of loss	332.678 MAY 7th ed Investments	332.7 bag Credit Risk Management: RBI/ Basel II implications	332.7 MEH 2nd ed. Credit cards	Next

Over the last thirty years, capital markets have been restructured through the tenets of modern finance. This has been enormously profitable for the financial services sector. However, these innovations, coupled with unsound risk and regulatory practices have proved disastrous for the global economy. In a clear and accessible style, ex-investment banker and financial journalist Martin Hutchinson and highly respected academic, Kevin Dowd show how modern finance combined with easy money threatened to bring down the world financial system. At the heart of the book is modern finance as a U.S. invention, the theories and practices associated with them and the changes they made in business models and risk management on Wall Street and other major financial centers. The Alchemists of Loss will help you to understand how our financial system crashed and show you what it will take to make sure this won't happen again as we move forward.
Table of Contents:

Acknowledgements and Dedication
Foreword

Part One: Past Successes and Disasters
Introduction
Pre-Modern Finance
Lessons from Past Financial Crises
Part Two: The Modern Financial Theory Engine
Theoretical Foundations of Modern Finance
Modern Financial Theory's Hideous Flaws
Risk Management: Daft Theory, Dodgy Practice
P
art Three: Interactions with the Real World
The Real World Becomes Modern Finance-friendly
Modern Finance Captures Wall Street
And Wall Street Metamorphoses
Derivatives and Other Disasters
Part Four: Policy Accommodates Modern Finance
Loose Money
Government Meddling in the Financial System
Part Five: Gotterdammerung
Bubble, Burst and Panic
The Slope Down Which We're Heading
Part Six: Charting a New Way Forward
The Math of Proper Risk Management
Back to the Future - A New Vision of Finance
A Blueprint for Reform
Lessons to Take Away
Bibliography
Index

There are no comments on this title.

to post a comment.