02572nam 2200601 a 450 991082496960332120240508231948.01-119-20601-41-283-23950-797866132395010-470-97208-4(CKB)2550000000045915(EBL)564943(OCoLC)760884526(SSID)ssj0000631811(PQKBManifestationID)11392418(PQKBTitleCode)TC0000631811(PQKBWorkID)10617312(PQKB)11110897(MiAaPQ)EBC564943(Au-PeEL)EBL564943(CaPaEBR)ebr10494561(CaONFJC)MIL323950(EXLCZ)99255000000004591520111010d2010 uy 0engurcn|||||||||txtccrAlchemists of loss[electronic resource] how modern finance and government intervention crashed the financial system /Kevin Dowd and Martin Hutchinson1st ed.Chichester, West Sussex Wiley20101 online resource (434 p.)Description based upon print version of record.0-470-68915-3 Includes bibliographical references and index.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.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 bringEconomic history1990-Capital marketEconomic historyCapital market.332Dowd Kevin K1678789Hutchinson Martin1678790MiAaPQMiAaPQMiAaPQBOOK9910824969603321Alchemists of loss4046643UNINA