1.

Record Nr.

UNINA9910824969603321

Autore

Dowd Kevin K

Titolo

Alchemists of loss [[electronic resource] ] : how modern finance and government intervention crashed the financial system / / Kevin Dowd and Martin Hutchinson

Pubbl/distr/stampa

Chichester, West Sussex, : Wiley, 2010

ISBN

1-119-20601-4

1-283-23950-7

9786613239501

0-470-97208-4

Descrizione fisica

1 online resource (434 p.)

Altri autori (Persone)

HutchinsonMartin

Disciplina

332

Soggetti

Economic history - 1990-

Capital market

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

pt. 1. Past successes and disasters -- pt. 2. The modern financial theory engine -- pt. 3. Interactions with the real world -- pt. 4. Policy accommodates modern finance -- pt. 5. Götterdämmerung -- pt. 6. Charting a new way forward.

Sommario/riassunto

An engaging look at how modern finance almost destroyed our global economy  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