This book presents the Clarendon Lectures in Finance by one of the
leading exponents of financial booms and crises. Hyun Song Shin's
work has shed light on the recent global financial crisis and he
has been a central figure in the policy debates.
The paradox of the global financial crisis is that it erupted in an
era when risk management was at the core of the management of the
most sophisticated financial institutions. This book explains why.
The severity of the crisis is explained by financial development
that put marketable assets at the heart of the financial system,
and the increased sophistication of financial institutions that
held and traded the assets. Step by step, the lectures build an
analytical framework that take the reader through the economics
behind the fluctuations in the price of risk and the boom-bust
dynamics that follow. The book examines the role played by
market-to-market accounting rules and securitisation in amplifying
the crisis, and draws lessons for financial architecture, financial
regulation and monetary policy.
This book will be of interest to all serious students of economics
and finance who want to delve beneath the outward manifestations to
grasp the underlying dynamics of the boom-bust cycle in a modern
financial system - a system where banking and capital market
developments have become inseparable.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
