Don't be fooled again: lessons in the good, bad and unpredictable behaviour of global finance
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
London [u.a.]
Financial Times Prentice Hall
2010
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Item Description: | Includes bibliographical references and index |
| Physical Description: | XIV, 282 S. 24 cm |
| ISBN: | 9780273727897 0273727893 |
Staff View
MARC
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| 245 | 1 | 0 | |a Don't be fooled again |b lessons in the good, bad and unpredictable behaviour of global finance |c Meyrick Chapman |
| 264 | 1 | |a London [u.a.] |b Financial Times Prentice Hall |c 2010 | |
| 300 | |a XIV, 282 S. |c 24 cm | ||
| 336 | |b txt |2 rdacontent | ||
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| 500 | |a Includes bibliographical references and index | ||
| 650 | 4 | |a Global Financial Crisis, 2008-2009 | |
| 650 | 4 | |a Financial crises |x Prevention | |
| 650 | 4 | |a Finance |x Management | |
| 856 | 4 | 2 | |m HBZ Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=024488243&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
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Record in the Search Index
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| adam_text | Titel: Don t be fooled again
Autor: Chapman, Meyrick
Jahr: 2010
Contents
Acknowledgements / xiii
Introduction /1
Crises - not all bad / 4
We must have missed something / 6
The never-ending crisis / 12
Common features of financial crises, and why
we don t see them coming / 15
The broad background / 16
Financial deregulation: doors to opportunity and distress / 18
The magic trick of money / 21
Confusion at the heart of money / 24
The special privileges of banks / 26
Litany of attempts to solve a perennial problem / 28
Asset prices and credit / 29
What were we thinking? / 30
Confused investment and channel capacity / 32
Keep it down! / 32
The basis of market economics: an ability to agree terms / 33
From auction to liquid marketplace / 34
Highly liquid markets create their own money / 35
Technology and the emergence of new value / 35
Logistics and statistics: twins from the same parent / 36
More potential participants increases the market price of an
asset / 37
Time and investment / 38
Conservative investors: the perfect bubble-blowers / 39
Not exactly classical / 41
The propagation of market crises, even with no prospect of
default / 42
Why we do not see financial crises coming? / 44
3 Did the Asian crisis teach us nothing? / 46
Asian crisis: first of the globalised era / 47
Wounded Tiger: Thailand and the crisis of 1997-98 / 48
Hedge funds strike it rich / 53
A profound effect on Chinese policy / 55
Aftermath in property: ruin, folly and delusion / 56
Lessons for China / 57
The International Monetary Fund responds / 59
Initial response: support at a price / 60
Sell high, buy other countries low / 61
The aftermath, and what we should have learned / 62
America benefits, but does it learn? / 63
4 Loving the dollar: lessons from the greatest ever
flood of capital / 68
The shock appearance of money / 70
A trillion-dollar proof against the capitalists / 72
Foreign civil servants oust private investment / 73
The poor lend money to the wealthiest / 74
The unbalanced globe / 76
Crowding out the usual crowd / 78
The slow flow from Japan / 81
Housewives of Tokyo disrupt international finance / 82
The search for yield drives Japanese banks abroad / 84
An early global tremor / 85
Japan s capital exports: still more to come / 86
Echoes of Japan in the West / 86
The euro: an exercise in imbalance / 87
Convergence creates its own challenges / 88
Opportunity for second-rate banks / 90
The global meaning of money / 91
5 How central banks lost their grip / 96
Japan s lost decade: a prelude to international disorder / 97
The origins of the Japanese banking crisis / 99
Influence of globalisation on Japan s economy / 99
The Asian crisis, bail-out and a regional disaster / 101
Belated regulation: worse than nothing / 102
Quantitative easing, its wider effect and the flow of
money/ 103
The Fed and the bail-out of Long Term Capital
Management / 105
LTCM: birth and growth / 106
Convergence : politics and profit / 107
Beginning of the end / 108
The Fed saves the world / 110
The Greenspan put / 111
Greenspan and dot-com / 113
Greenspan confuses progress with irrationality / 114
A law for financial expansion / 115
Greenspan jumps on the Exuberance Express / 116
Y2K: the crash of optimism version 1.0/116
Downturn in the new century / 118
ILoveYou: a new disease / 118
The focus switches / 119
September 2001 /119
Japan s dark presence / 120
The liquidity generator unleashed / 121
Long-term faith in an American future / 124
In Europe: equal rates for unequal countries / 125
Follow the Fed/125
Local imbalances /126
Collusion in liquidity / 127
6 Going fishing: lessons of financial
innovation/128
Why innovation is needed / 129
The dangers of uncritical acceptance of orthodoxy / 131
The risk revolution: innovation for all / 132
Efficiency or avoidance? / 133
Why derivatives are so important / 134
Merton and convergence / 136
Swapping efficiency/ 138
Bringing liquidity to the illiquid / 139
What can go wrong? / 140
Lower cost, higher competition / 143
The star innovation of avoidance was securitisation / 144
The downside to securitisation / 147
Staggering growth rates / 148
Working ever faster / 149
The shadow banking system, distorted money and SIVs / 150
Computers change everything / 153
What s the future of financial innovation? / 154
In Cod We Trust: banks and their errors / 157
The bill so far/158
Tensions arise /159
Originate and distribute becomes originate and hoard / 160
An era of free money / 162
Why mortgages? /164
The Great Moderation / 169
We re losing money, buy more bonds! / 170
Originate and distribute, the case of UBS / 171
Subprime securities as central bank money / 173
How to place value at risk / 176
High pay policies/ 178
Banks writedowns are loss of Western wealth / 180
U De-rated: how ratings agencies and regulations
failed/182
Rating agencies: uncontrolled private regulation / 183
Basel I and II: regulatory innovation / 192
The problem with regulations / 195
*f The politics of housing / 198
An unproductive asset / 198
A unique housing model, with familiar results / 199
The politics of home ownership / 200
Clinton s third way: social inclusion and market economics / 202
The overlap of politics and bankers / 204
Beyond domestic politics / 208
A change of politics; a change of subprime / 209
European political distortions in lending / 213
Eurocrats and euro-lending / 215
The politics of tax / 217
Is it the same everywhere? Why some countries boom / 218
But why housing? / 220
Blinded by ratings / 222
The conspiracy of housing finance / 222
10 why ifs not all bad: the costs and benefits of
financial crises / 225
The unsustainable has run its course / 229
Dear old Stockholm - and Helsinki / 229
They run, chanting revolution / 231
Not so relaxed: recovery in Thailand / 235
Japan: what recovery? / 238
Where s the good in bubbles and busts? / 240
A complex of crises: 1970 to 2009 / 245
The internet: too early to tell / 248
11 What lessons for the future? / 250
Whose reserves are they anyway? / 253
The future of America / 253
A long-term faith in the new / 255
A never-ending crisis / 257
Challenges to central banks and exporters / 258
A new role for hedge funds / 260
What kind of regulatory change? / 262
Too many crises and yet not enough / 264
Index / 273
|
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| spelling | Chapman, Meyrick Verfasser aut Don't be fooled again lessons in the good, bad and unpredictable behaviour of global finance Meyrick Chapman London [u.a.] Financial Times Prentice Hall 2010 XIV, 282 S. 24 cm txt rdacontent n rdamedia nc rdacarrier Includes bibliographical references and index Global Financial Crisis, 2008-2009 Financial crises Prevention Finance Management HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=024488243&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Chapman, Meyrick Don't be fooled again lessons in the good, bad and unpredictable behaviour of global finance Global Financial Crisis, 2008-2009 Financial crises Prevention Finance Management |
| title | Don't be fooled again lessons in the good, bad and unpredictable behaviour of global finance |
| title_auth | Don't be fooled again lessons in the good, bad and unpredictable behaviour of global finance |
| title_exact_search | Don't be fooled again lessons in the good, bad and unpredictable behaviour of global finance |
| title_full | Don't be fooled again lessons in the good, bad and unpredictable behaviour of global finance Meyrick Chapman |
| title_fullStr | Don't be fooled again lessons in the good, bad and unpredictable behaviour of global finance Meyrick Chapman |
| title_full_unstemmed | Don't be fooled again lessons in the good, bad and unpredictable behaviour of global finance Meyrick Chapman |
| title_short | Don't be fooled again |
| title_sort | don t be fooled again lessons in the good bad and unpredictable behaviour of global finance |
| title_sub | lessons in the good, bad and unpredictable behaviour of global finance |
| topic | Global Financial Crisis, 2008-2009 Financial crises Prevention Finance Management |
| topic_facet | Global Financial Crisis, 2008-2009 Financial crises Prevention Finance Management |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=024488243&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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