Financial stability : fraud, confidence, and the wealth of nations / Frederick L. Feldkamp, R. Christopher Whalen.

Format:

Book

Author/Creator:

Feldkamp, Frederick L., author.

Whalen, R. Christopher, 1959- author.

Series:

Wiley finance series

Language:

English

Subjects (All):

Financial crises--History.

Financial crises.

Economic security--History.

Economic security.

Fiscal policy--History.

Fiscal policy.

Finance--History.

Finance.

History.

Physical Description:

xx, 236 pages : illustrations ; 24 cm.

Place of Publication:

Hoboken, New Jersey : Wiley, [2014]

Summary:

"Financial Stability describes the economic, political and legal antecedents of financial crises in the western market economies. By describing how these events developed in the past and how the markets can be used to gauge the threat of future contagion, the book provides a roadmap for how we can avoid financial disruptions and thereby maximize financial stability and economic prosperity. The book will explain: Measuring moral hazard in the future Political reaction to past financial crises Economics, accounting, law, and mathematics surrounding financial stability Sources of capital and capital needFinancial Stability provides investment professionals, policy makers and members of the public with new insights into the workings of the financial markets and the political economy in which we all live and work"-- Provided by publisher.

"Describes the economic, political and legal antecedents of financial crises in the western market economies. By describing how these events developed in the past and how the markets can be used to gauge the threat of future contagion, the book provides a roadmap for how we can avoid financial disruptions and thereby maximize financial stability and economic prosperity"-- Provided by publisher.

Contents:

Machine generated contents note: Preface Introduction Part 1: A Flight through Financial Market History

Freedom and Fraud Chapter 1. The First Few Millennia Chapter 2. The Bank of England and the Scottish Enlightenment Chapter 3. U.S. Banking, from British Colonies to 1865 Chapter 4. Bagehot's Dictum (a.k.a. the "Greenspan Put") Chapter 5. U.S. Financial Markets from 1865 to the Great Depression Chapter 6. Depression, War, and Aftermath

Reflecting on Finance from 1929 to 1973 Chapter 7. Early Deregulation: The Transactions that Replaced Depression Era Thrifts Chapter 8. Riskless Arbitrage

Stand-alone Collateralized Mortgage Obligations ("CMOs") Chapter 9. Paradise Gained, Lost, Regained, and Destroyed

1992 to 2008 Chapter 10. Resurrection, Recovery and Reform

2008-2013 Chapter 11. Different Circumstances Require Different Solutions Part 2: The Theory of Financial Stability Chapter 12. Statement: Rule of Law + Freedom + Transparency → Equilibrium Chapter 13. Saying vs. Doing Part 3: Proofs of the Theory of Financial Stability Chapter 14. Mathematics: (1 + i)x > (E = mc2) Chapter 15. Law: Incomplete "Sale" [equiv] Secured Borrowing Chapter 16. Economics: Savings [equiv] Investment Chapter 17. Accounting: Assets [equiv] Liabilities + Capital Chapter 18. International Trade: Current Account Deficit [equiv] Capital Investment

Domestic Savings Chapter 19. Philosophy: Benevolence > Self Interest > Fraud Part 4: The Future Chapter 20. Achieving Wisdom While Avoiding Mistakes of Experience Chapter 21. Capital Needs Chapter 22. Sources of Capital Chapter 23. Managing the Water Balloon Chapter 24. Balancing the Bubbles Epilogue: Truth and Consequences References About the Companion Website About the Authors Index .

Notes:

"This book includes a companion website"--page 221.

Includes bibliographical references (page 219-220) and index.

Other Format:

Online version: Feldkamp, Frederick L. Financial stability

ISBN:

9781118935798

1118935799

OCLC:

880239081

Online:

Cover image