Future of finance

A new model for banking and investment

Moorad Choudhry, Frank J. Fabozzi, Gino Landuyt

198 pages, parution le 01/11/2010

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Résumé

Financial markets have always promised, and often delivered, prosperity. But, during the last decade, the structure and behavior of financial markets themselves helped create the conditions for an economic implosion that resulted in a banking crisis, recession, and wholesale loss of investor confidence.

While recent events have renewed calls on the need for a paradigm shift in both the investment and banking model, another clear lesson from the crisis is to "know one's risk," and that is best served by appreciating fully the nature of the markets in which finance operates.

The Future of Finance looks beyond the headlines and media hype to present a full and accessible analysis of the factors leading to the crash of 2007 and the banking crisis of 2008, as well as the interaction between these factors. In Part II of the book, the authors present practical recommendations for a revised approach to banking and principles of investment, which if followed will help to produce a more sustainable level of economic prosperity.

While every possible option is impossible to discuss, the measures described throughout these pages should form part of a logical, unbiased review of strategy by both banks and investors.

L'auteur - Moorad Choudhry

Dr Moorad Choudhry is Head of Treasury at KBC Financial Products in London. He is a Visiting Professor at the Department of Economics, London Metropolitan University, a Visiting Research Fellow at the ICMA Centre, University of Reading, a Senior Fellow at the Department of Mathematical Trading and Finance, Cass Business School, and a Fellow of the Securities and Investment Institute.

L'auteur - Frank J. Fabozzi

Frank J. Fabozzi, Ph.D., CFA, CPA, is the Frederick Frank Adjunct Professor of Finance at Yale University's School of Management. One of the world's foremost authorities on fixed income securities and derivative instruments, Dr. Fabozzi is editor of the Journal of Portfolio Management and the bestselling author of more than forty books, including the acclaimed The Handbook of Fixed Income Securities. Prior to joining the Yale faculty, he was on the faculty of MIT's Sloan School of Management.

Sommaire

A Review of the Financial Crash
- Globalization, Emerging Markets, and the Savings Glut
- The Rise of Derivatives and Systemic Risk
- The "Too-Big-To-Fail" Bank, Moral Hazard, and Macroprudential Regulation
- Corporate Governance and Remuneration in the Banking Industry
- Bank Capital Safeguards : Additional Capital Buffers and Reverse Convertibles
- Economic Theories under Attack

New Models for Banking and Investment
- Long-Term Sustainable Investment Guidelines
- Bank Asset-Liability and Liquidity Risk Management
- A Sustainable Bank Business Model : Capital, Liquidity and Leverage

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Caractéristiques techniques

	PAPIER
Éditeur(s)	Wiley
Auteur(s)	Moorad Choudhry, Frank J. Fabozzi, Gino Landuyt
Parution	01/11/2010
Nb. de pages	198
Format	16 x 24
Couverture	Broché
Poids	400g
Intérieur	Noir et Blanc
EAN13	9780470572290
ISBN13	978-0-4705-722-90