Tectonic shifts in financial markets : people, policies, and institutions / Henry Kaufman.

Format:

Book

Author/Creator:

Kaufman, Henry, author.

Language:

English

Subjects (All):

Macroeconomics.

Finance.

Physical Description:

xvii, 180 pages : charts ; 22 cm

Place of Publication:

Cham, Switzerland : Palgrave Macmillan, [2016]

Summary:

"In this wide-ranging book, Wall Street legend Henry Kaufman recounts the events surrounding the catastrophic collapse of Lehman Brothers from his then vantage point on the board. He explains how, ironically, the Federal Reserve's shortcomings contributed to its growing power. And he argues that Dodd-Frank -- by sanctioning rather than truly addressing the too-big-to-fail dilemma -- squandered a rare opportunity for essential reform. Whether sparring in print with Citicorp's mercurial Walter Wriston, consulting with British Prime Minister Margaret Thatcher, spurning a deal with junk bond king Michael Milken, or reflecting on his long-time friend Paul Volcker, Kaufman brings readers inside post-war Wall Street. Looking ahead, he dissects major national and global trends and the likely future of credit markets, financial institutions, and leading economies. As we search for bearings in the wake of the 2008 financial debacle, Henry Kaufman offers sage and penetrating analysis of today's superheated and -- he argues -- still-fragile financial world"--Provided by publisher.

Contents:

How it began at Salomon Brothers

The art and science of forecasting

Presidents versus Fed chairmen

Paul Volcker, Perennial public servant

The Fed and financial markets: Greenspan, Bernanke, and Yellen

Charles Sanford and the rise of qualitative risk management

The dominance of Walter Wriston

The bigness crisis

A meeting with Margaret Thatcher

Michael Milken: moving junk bonds to prominence

Financial crises and regulatory reform

The present value of financial history

The politicizing of the Fed

Tectonic shifts

You can't go home again.

Notes:

Includes bibliographical references (pages 163-166) and index.

ISBN:

9783319483863

3319483862

OCLC:

982449287