1.

Record Nr.

UNINA9910826559703321

Autore

Triana Pablo

Titolo

The number that killed us [[electronic resource] ] : a story of modern banking, flawed mathematics, and a big financial crisis / / Pablo Triana

Pubbl/distr/stampa

Hoboken, NJ, : Wiley, c2012

ISBN

1-118-17154-3

1-119-19882-8

1-283-33254-X

9786613332547

1-118-17153-5

Descrizione fisica

1 online resource (306 p.)

Classificazione

BUS027000

Disciplina

332.64/52

Soggetti

Financial futures

Global Financial Crisis, 2008-2009

Risk management

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Includes index.

Nota di contenuto

The Number That Killed Us: A Story of Modern Banking, Flawed Mathematics, and a Big Financial Crisis; Contents; Introduction: When a Tie Is More Than Just a Tie; April 28, 2004: Steve Benardete Gets His Wish;  The World Suffers; Chapter 1: The Greatest Story Never Told; Chapter 2: Origins; Chapter 3: They Tried to Save Us; Chapter 4: Regulatory Embracement; Chapter 5: Abetting the CDO Party; Chapter 6: VaR Goes to Washington; Chapter 7: The Common Sense That Should Rule the World; Finale: The Perils of Making the Simple Too Complex; Guest Contributions; Why Was VaR Embraced?

A Pioneer Wall Street Rocket Scientist's ViewNotes; Acknowledgments; About the Author; Index

Sommario/riassunto

A critical look at the risk measurement tool that has repeatedly hurt the financial world The Number That Killed Us finally tells the ""greatest story never told"": how a mysterious financial risk measurement model has ruled the world for the past two decades and how it has repeatedly, and severely, caused market, economic, and social turmoil. This model was the key factor behind the unleashing of the cataclysmic credit crisis



that erupted in 2007 and which the effects are still being felt around the world. The Number That Killed Us is the first and only book to thorough