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| 005 | 20220515164119.0 | ||
| 008 | 200208s9999 xx 000 0 und d | ||
| 020 | _a9788126527731 | ||
| 082 | _a332.6732 DOW | ||
| 100 | _aDowd, Kevin | ||
| 245 | 0 | _aAlchemists of loss | |
| 260 | _aNew Delhi | ||
| 260 | _bTimes Group | ||
| 260 | _c2010 | ||
| 300 | _a422 p. | ||
| 365 | _b9000 | ||
| 365 | _dRS | ||
| 520 | _aOver 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 | ||
| 650 | _aFinancial system-Government intervention | ||
| 700 | _aHutchinson, Martin | ||
| 942 |
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