Devil's derivatives
Material type:
- 9781422177815
- 332.640973 DUN
Item type | Current library | Call number | Status | Date due | Barcode | Item holds |
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Gandhi Smriti Library | 332.640973 DUN (Browse shelf(Opens below)) | Available | 148785 |
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332.6402854678 BAI Electronoic trading masters | 332.64092273 PAT Quants: the maths geniuses who brought down wall street | 332.64092273 PAT Quants: the maths geniuses who brought down wall street | 332.640973 DUN Devil's derivatives | 332.640973 McD Colossal faliure of common sense | 332.642 CHA 9th ed. How the stock markets work | 332.642 OWE Mapping the markets |
A compelling narrative on what went wrong with our financial system— and who’s to blame.From an award-winning journalist who has been covering the industry for more than a decade, The Devil’s Derivatives charts the untold story of modern financial innovation— how investment banks invented new financial products, how investors across the world were wooed into buying them, how regulators were seduced by the political rewards of easy credit, and how speculators made a killing from the near-meltdown of the financial system. Author Nicholas Dunbar demystifies the revolution that briefly gave finance the same intellectual respectability as theoretical physics. He explains how bankers worldwide created a secret trillion-dollar machine that delivered cheap mortgages to the masses and riches beyond dreams to the financial innovators. Fundamental to this saga is how “ the people who hated to lose” were persuaded to accept risk by “ the people who loved to win.” Why did people come to trust and respect arcane financial tools? Who were the bankers competing to assemble the basic components into increasingly intricate machines? How did this process achieve its own unstoppable momentum— ending in collapse, bailouts, and a public outcry against the giants of finance?Provocative and intriguing, The Devil’s Derivatives sheds much-needed light on the forces that fueled the most brutal economic downturn since the Great Depression.
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