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Alchemists of loss [electronic resource] : how modern finance and government intervention crashed the financial system / Kevin Dowd and Martin Hutchinson.
- Format:
- Book
- Author/Creator:
- Dowd, Kevin K.
- Language:
- English
- Subjects (All):
- Economic history--1990-.
- Economic history.
- Capital market.
- Physical Description:
- 1 online resource (434 p.)
- Edition:
- 1st ed.
- Place of Publication:
- Chichester, West Sussex : Wiley, 2010.
- Language Note:
- English
- Summary:
- 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
- Contents:
- 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.
- Notes:
- Description based upon print version of record.
- Includes bibliographical references and index.
- ISBN:
- 1-119-20601-4
- 1-283-23950-7
- 9786613239501
- 0-470-97208-4
- OCLC:
- 760884526
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