Nobel Prize-winning economist explains why we need to reclaim finance for the common goodThe reputation of the financial industry could hardly be worse than it is today in the painful aftermath of the 2008 financial crisis.
An essential account of the historic subprime mortgage crisis, from the Nobel Prize-winning economist and bestselling author of Irrational ExuberanceThe subprime mortgage crisis has already wreaked havoc on the lives of millions of people and now it threatens to derail the U.
We've been assured that the recession is over, but the country and the economy continue to feel the effects of the 2008 financial crisis, and people are still searching for answers about what caused it, what it has wrought, and how we can recover.
A concise introduction to modeling over-the-counter marketsOver-the-counter (OTC) markets for derivatives, collateralized debt obligations, and repurchase agreements played a significant role in the global financial crisis.
A behind-the-scenes account of the derivatives business at a major investment bankThe financial industry's invention of complex products such as credit default swaps and other derivatives has been widely blamed for triggering the global financial crisis of 2008.
The Theory of Taxation and Public Economics presents a unified conceptual framework for analyzing taxation--the first to be systematically developed in several decades.
A powerful challenge to contemporary economics and a new agenda for global financeIn the wake of the global financial crisis that began in 2007, faith in the rationality of markets has lost ground to a new faith in their irrationality.
A leading finance expert explains how and why big banks fail-and what can be done to prevent itDealer banks-that is, large banks that deal in securities and derivatives, such as J.
The efficiency, safety, and soundness of financial markets depend on the operation of core infrastructure--exchanges, central counter-parties, and central securities depositories.
A clear understanding of what we know, don't know, and can't know should guide any reasonable approach to managing financial risk, yet the most widely used measure in finance today--Value at Risk, or VaR--reduces these risks to a single number, creating a false sense of security among risk managers, executives, and regulators.
Optimal tax design attempts to resolve a well-known trade-off: namely, that high taxes are bad insofar as they discourage people from working, but good to the degree that, by redistributing wealth, they help insure people against productivity shocks.
An international perspective on the financial crisis and the future of banking regulationThe financial crisis that began in 2007 in the United States swept the world, producing substantial bank failures and forcing unprecedented state aid for the crippled global financial system.
How central banks and independent regulators can support rather than challenge constitutional democracyUnelected Power lays out the principles needed to ensure that central bankers and other independent regulators act as stewards of the common good.
A new, evolutionary explanation of markets and investor behaviorHalf of all Americans have money in the stock market, yet economists can't agree on whether investors and markets are rational and efficient, as modern financial theory assumes, or irrational and inefficient, as behavioral economists believe.
How cutting-edge economics can improve decision-making methods for doctorsAlthough uncertainty is a common element of patient care, it has largely been overlooked in research on evidence-based medicine.
An expose of fragmented trading platforms, poor governance, and exploitative practices in today's capital marketsCapital markets have undergone a dramatic transformation in the past two decades.
Since Autumn 2012 and under strict regulatory obligations, the biggest corporations in the UK have been offering a pension to any employee who earns more than GBP10,000.
A selection of republished corporate finance articles and book chapters that can serve as an advanced corporate finance supplementary text for courses that use no textbooks.
Advanced Trading Rules is the essential guide to state of the art techniques currently used by the very best financial traders, analysts and fund managers.
Frank Partnoy, a former high-flying derivatives salesman, gives a vivid and shocking account of the vicious competition, raw machismo and dirty tricks at work in the riskiest sector of the stock market.
Se trata de un análisis novedoso, una exposición por primera vez de las verdaderas causas y una sensacional solución inmediata (que yo llamo con razón un "truco") a nuestros problemas económicos, monetarios y financieros, una solución que no sólo puede aplicarse en un tiempo sensacionalmente corto, sino que también se hace sostenible y duradera mediante medidas de acompañamiento.
Zinserhöhungen, schwächelnder Immobilienmarkt, Inflation, Insolvenzzahlen – dies sind einige der wesentlichen Determinanten für die Entstehung von Non-performing Loans.
James Cordier, a renowned figure in the commodity trading world, offers a captivating and honest account of his remarkable journey in Reflections of an Option Seller.
Keine Frage beschäftigt die Bundesbürger so wie die nach der Zukunft des Geldes (und damit der Wirtschaft insgesamt): Bleibt der Euro, kommt die Mark wieder?
Die Unternehmensfinanzierung umfasst alle betrieblichen Entscheidungen im Rahmen der Planung, Durchführung und Kontrolle der Bereitstellung von Kapital zur Sicherung der Zahlungs- und Arbeitsfähigkeit eines Unternehmens.
