Fascinating Insight into How the Financial System Works and How
the Credit Crisis Arose
Clearly supplies details vital to understanding the crisis
Unravelling the Credit Crunch provides a clearly written,
comprehensive account of the current credit crisis that is easily
understandable to non-specialists. It explains how the financial
system was drawn into the crunch and the issues that need to be
addressed to prevent further disasters.
To enable an understanding of the credit crunch, the author
first examines the rules that constrain how financial institutions
operate. He discusses how these institutions do business, what
products were central to the development of the crunch, and how
they behave. He thoroughly describes how financial institutions
raise money and the legal and regulatory frameworks under which
they operate. After exploring how the system works, the book
illustrates how to change the rules to make financial disasters
less likely.
Focusing on the rules involved in the game of finance is
essential if we want to figure out what happened that led to this
financial debacle. This book shows us how the actions of many
financial institutions, regulatory bodies, central banks, and
investment managers adversely affected the entire financial
system.
General
Imprint: |
Taylor & Francis
|
Country of origin: |
United States |
Series: |
Chapman and Hall/CRC Financial Mathematics Series |
Release date: |
June 2009 |
First published: |
June 2009 |
Authors: |
David Murphy
|
Dimensions: |
234 x 156 x 18mm (L x W x T) |
Format: |
Paperback
|
Pages: |
328 |
ISBN-13: |
978-1-4398-0258-8 |
Categories: |
Books >
Business & Economics >
Economics >
Financial crises & disasters
|
LSN: |
1-4398-0258-0 |
Barcode: |
9781439802588 |
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