Alchemists of loss :
Dowd, Kevin.
Alchemists of loss : how modern finance and government intervention crashed the financial system / by Kevin Dowd, Martin O. Hutchinson.. - Chichester : Wiley, 2010 - x, 422 p. : ill. ; 24 cm.
Includes bibliographical references and index.
Acknowledgements & Dedication. Foreword. Part One: Past Successes and Disasters. 1 Introduction. 2 Pre-Modern Finance. 3 Lessons from Past Financial Crises. Part Two: The Modern Financial Theory Engine. 4 Theoretical Foundations of Modern Finance. 5 Modern Financial Theory's Hideous Flaws. 6 Risk Management: Daft Theory, Dodgy Practice. Part Three: Interactions with the Real World. 7 The Real World Becomes Modern Finance-friendly. 8 Modern Finance Captures Wall Street. 9 And Wall Street Metamorphoses. 10 Derivatives and Other Disasters. Part Four: Policy Accommodates Modern Finance. 11 Loose Money. 12 Government Meddling in the Financial System. Part Five: Gotterdammerung. 13 Bubble, Burst, and Panic. 14 The Slope Down Which We're Heading. Part Six: Charting a New Way Forward. 15 The Math of Proper Risk Management. 16 Back to the Future - A New Vision of Finance. 17 A Blueprint for Reform. 18 Lessons to Take Away. Bibliography. Index.
The authors 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.* Breaks down the events involved in the 2007-08 financial collapse* Reveals how botched policy response made a bad situation worse* Focuses on lessons that the practice of finance must learn from recent events 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.
9780470689158 (hbk.) 0470689153 (hbk.)
Global Financial Crisis, 2008-2009.
Finance.
Finance -- Government policy -- United States.
Financial institutions --State supervision --United States.
Capital market.
Economic history --1990-
Economic policy.
United States --Economic policy --2001-2009.
United States --Economic conditions --2001-2009.
HB3717 .D693 2010
338.5'42
Alchemists of loss : how modern finance and government intervention crashed the financial system / by Kevin Dowd, Martin O. Hutchinson.. - Chichester : Wiley, 2010 - x, 422 p. : ill. ; 24 cm.
Includes bibliographical references and index.
Acknowledgements & Dedication. Foreword. Part One: Past Successes and Disasters. 1 Introduction. 2 Pre-Modern Finance. 3 Lessons from Past Financial Crises. Part Two: The Modern Financial Theory Engine. 4 Theoretical Foundations of Modern Finance. 5 Modern Financial Theory's Hideous Flaws. 6 Risk Management: Daft Theory, Dodgy Practice. Part Three: Interactions with the Real World. 7 The Real World Becomes Modern Finance-friendly. 8 Modern Finance Captures Wall Street. 9 And Wall Street Metamorphoses. 10 Derivatives and Other Disasters. Part Four: Policy Accommodates Modern Finance. 11 Loose Money. 12 Government Meddling in the Financial System. Part Five: Gotterdammerung. 13 Bubble, Burst, and Panic. 14 The Slope Down Which We're Heading. Part Six: Charting a New Way Forward. 15 The Math of Proper Risk Management. 16 Back to the Future - A New Vision of Finance. 17 A Blueprint for Reform. 18 Lessons to Take Away. Bibliography. Index.
The authors 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.* Breaks down the events involved in the 2007-08 financial collapse* Reveals how botched policy response made a bad situation worse* Focuses on lessons that the practice of finance must learn from recent events 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.
9780470689158 (hbk.) 0470689153 (hbk.)
Global Financial Crisis, 2008-2009.
Finance.
Finance -- Government policy -- United States.
Financial institutions --State supervision --United States.
Capital market.
Economic history --1990-
Economic policy.
United States --Economic policy --2001-2009.
United States --Economic conditions --2001-2009.
HB3717 .D693 2010
338.5'42