{"title":"Banking Books","description":"","products":[{"product_id":"a-colossal-failure-of-common-sense-9780091936150","title":"A Colossal Failure of Common Sense","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eA news-breaking explanation that answers the question everyone still asks: \"why did it happen?\"\u003cbr\u003e\u003cbr\u003eLarry McDonald, a former vice-president at Lehman Brothers in charge of distressed debt trading and convertible securities, was right at the centre of the meltdown of the company and gives an intimate look at the madhouse that Lehman became.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eLawrence G. McDonald was, until 2008, Vice President of convertible securities and distressed debt trading at Lehman Brothers; his prior career included convertible securities research and sales at Morgan Stanley and the co-founding of Convertbond.com, named by Forbes Magazine as \"Best of the Web.\" Patrick Robinson is the co-author of LONE SURVIVOR and author of many tech-thrillers.","brand":"Ebury Publishing","offers":[{"title":"Default Title","offer_id":48732194898263,"sku":"9780091936150","price":14.39,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780091936150.jpg?v=1719995916"},{"product_id":"high-financier-9780141022017","title":"High Financier","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eThis  is the extraordinary story of Siegmund Warburg: the refugee from Nazi  Germany who restored the Blitz-shattered City of London as the world''s  preeminent international financial centre. In recounting how this  brilliant, scholarly man brought wit, passion and, above all, high  ethical standards to the world of finance, Niall Ferguson shows how his  meticulous methods were the antithesis of the debt-fuelled, speculative  banking of our times. \u003cbr\u003e\u003cbr\u003e''A fascinating portrait ... Beautifully paced, dramatically subtle  and psychologically shrewd ... 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Which are the institutions that really matter? Why is it we need the Money Machine - and what happens when it crashes? Coggan provides clear and concise answers and shows why we should all be more familiar with a system we so intimately depend upon.\u003c\/p\u003e","brand":"Penguin Books Ltd","offers":[{"title":"Default Title","offer_id":48732500033879,"sku":"9780141980737","price":10.44,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780141980737.jpg?v=1719997155"},{"product_id":"the-euro-9780141983240","title":"The Euro","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eCan the Euro be saved? Should it be?\u003cbr\u003e\u003cbr\u003eNobel prize-winning economist  Joseph E. 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Cohan, bestselling author of \u003ci\u003eHouse of Cards\u003c\/i\u003e, has long been critical of the bad behaviour that plagued much of Wall Street in the years leading up to the 2008 financial crisis, and, as an ex-banker, he is an expert on its inner workings as well. But in recent years he has become alarmed by the vitriol directed at the bankers, traders and executives who keep the wheels of our economy turning. \u003ci\u003eWhy Wall Street Matters\u003c\/i\u003e is a timely and trenchant reminder of the dire consequences for us all if the essential role these institutions play in making our lives better is carelessly curtailed.\u003c\/p\u003e","brand":"Penguin Books Ltd","offers":[{"title":"Default Title","offer_id":48732506423639,"sku":"9780141986425","price":10.44,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780141986425.jpg?v=1719997183"},{"product_id":"the-bank-that-lived-a-little-9780141987538","title":"The Bank That Lived a Little","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003e''A brilliantly readable account, based on exceptional access, of the  transformation of the old Quaker bank into a hard-charging capitalist  adventurer ... both a thriller and a reminder that business is  fascinating because all human life is there'' John Plender, \u003c\/b\u003e\u003ci\u003e\u003cb\u003eFinancial Times\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003c\/i\u003eBased on unparalleled access to those involved, and told with compelling pace and drama, \u003ci\u003eThe Bank that Lived a Little\u003c\/i\u003e describes  three decades of boardroom intrigue at one of Britain''s biggest  financial institutions. In a tale of feuds, grandiose dreams and a  struggle for supremacy between rival strategies and their adherents,  Philip Augar gives a riveting account of Barclays'' journey from an old  Quaker bank to a full-throttle capitalist machine. The disagreement  between those ambitious for Barclays to join the top table of global  banks, and those preferring a smaller domestic role more in keeping with  the bank''s traditions, cost three chief executives their job\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eHe tells \u003ci\u003ethe \u003c\/i\u003efinancial story of  our age -- Alec Russell * Financial Times *\u003cbr\u003eA brilliantly readable account, based on exceptional access to most of those involved, of the transformation of the old Quaker bank into a hard-charging capitalist adventurer. ... Philip Augar's book is both a thriller and a reminder that business is fascinating because all human life is there. -- John Plender * Financial Times *\u003cbr\u003eA riveting and revealing account of how a bank of high moral character with Quaker origins ended up in the sewer thanks to ambition and greed. -- Iain Martin * The Times *\u003cbr\u003eOnce you start reading Philip Augar's well-researched book, you are captivated. ... What makes \u003ci\u003eThe Bank That Lived a Little \u003c\/i\u003ea must-read is the way in which, in its pages, Barclays comes to embody all that has been, and possibly still is, wrong with the entire banking sector. -- Vicky Pryce * Literary Review *\u003c\/p\u003e","brand":"Penguin Books Ltd","offers":[{"title":"Default Title","offer_id":48732508488023,"sku":"9780141987538","price":13.49,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780141987538.jpg?v=1719997192"},{"product_id":"bankers-and-empire-how-wall-street-colonized-the-caribbean-9780226598116","title":"Bankers and Empire  How Wall Street Colonized the","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e","brand":"The University of Chicago Press","offers":[{"title":"Default Title","offer_id":48732912877911,"sku":"9780226598116","price":26.6,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780226598116.jpg?v=1719998924"},{"product_id":"crossing-continents-a-history-of-standard-chartered-bank-9780241458730","title":"Crossing Continents A History of Standard","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eFor almost a hundred years from the 1860s, the City of London''s overseas banks financed the global trade that lay at the core of the British Empire. 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Multiple sources are woven together into a\u003cb\u003e compelling record of imperial and post-imperial banking\u003c\/b\u003e -- Philip Augar * Financial Times *","brand":"Penguin Books Ltd","offers":[{"title":"Default Title","offer_id":48733125050711,"sku":"9780241458730","price":32.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780241458730.jpg?v=1719999498"},{"product_id":"money-and-power-9780241954065","title":"Money and Power","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eWilliam D. Cohan''s \u003ci\u003eMoney and Power: How Goldman Sachs Came to Rule the World \u003c\/i\u003eis a chronicle of the most successful, iconic bank on Wall Street, from the firm''s founding in 1869 to the present day.\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e  Goldman Sachs are the investment bank all other banks - and most businesses - want to emulate; the firm with the best talent, the best clients, the best strategy. But is their success just down to the gilded magic of the ''Goldman way''?\u003cbr\u003e\u003cbr\u003e  William D. Cohan has gained unprecedented access to Goldman''s inner circle - both on and off the record. In an astonishing story of clashing egos, backstabbing, sex scandals, private investigators, court cases and government cabals, he reveals what really lies beneath their gold-plated image. \u003cbr\u003e\u003cbr\u003e  ''The best analysis yet of Goldman''s increasingly tangled web of conflicts'' \u003cbr\u003e  \u003ci\u003eEconomist \u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e  ''Startling ... lifts the lid on Goldman''s pivotal role in the meltdown'' \u003cbr\u003e  \u003ci\u003eMail on Sunday\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e  ''Cohan portrays a firm that has grown so large and hungry that it''s no longer long-term greedy but short-term vicious. And that''s the wonder - and horror - of Goldman Sachs'' \u003cbr\u003e  \u003ci\u003eBusinessweek\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e  ''Cohan''s book tells of bitter power struggles and business cock-ups'' \u003cbr\u003e  \u003ci\u003eGuardian\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e  ''A definitive account of the most profitable and influential investment bank of the modern era'' \u003cbr\u003e  \u003ci\u003eThe New York Times Book Review\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e  \u003cb\u003eWilliam D. Cohan\u003c\/b\u003e was an award-winning investigative journalist before embarking on a seventeen-year career as an investment banker on Wall Street. His first book, \u003ci\u003eThe Last Tycoons\u003c\/i\u003e, about Lazard, won the 2007 \u003ci\u003eFinancial Times\u003c\/i\u003e\/Goldman Sachs Business Book of the Year Award and was a \u003ci\u003eNew York Times\u003c\/i\u003e bestseller. His second book, \u003ci\u003eHouse of Cards\u003c\/i\u003e, also a bestseller, is an account of the last days of Bear Stearns \u0026amp; Co.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eRevelatory, engrossing, penetrating ... Cohan revels in a good bust-up * Financial Times *\u003cbr\u003e\u003cp\u003eThe best analysis yet of Goldman's increasingly tangled web of conflicts\u003c\/p\u003e * Economist *\u003cbr\u003eStartling ... lifts the lid on Goldman's pivotal role in the meltdown * Mail on Sunday *\u003cbr\u003eCohan portrays a firm that has grown so large and hungry that it's no longer long-term greedy but short-term vicious. And that's the wonder - and horror - of Goldman Sachs * Businessweek *\u003cbr\u003eCohan's book tells of bitter power struggles and business cock-ups * Guardian *\u003cbr\u003eA definitive account of the most profitable and influential investment bank of the modern era * New York Times Book Review *","brand":"Penguin Books Ltd","offers":[{"title":"Default Title","offer_id":48733372612951,"sku":"9780241954065","price":15.29,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780241954065.jpg?v=1719999957"},{"product_id":"the-long-journey-of-central-bank-communication-karl-brunner-distinguished-lecture-series-9780262537858","title":"The Long Journey of Central Bank Communication","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e","brand":"MIT Press Ltd","offers":[{"title":"Default Title","offer_id":48733468754263,"sku":"9780262537858","price":21.25,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780262537858.jpg?v=1720000192"},{"product_id":"13-bankers-9780307476609","title":"13 Bankers","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eIn spite of its key role in creating the ruinous financial crisis of 2008, the American banking industry has grown bigger, more profitable, and more resistant to regulation than ever. 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The fact that Tett is able to reproduce such raw private communications is a tribute to her journalistic abilities'' \u003ci\u003eDominic Lawson, Sunday Times\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003e''Her blow-by-blow story is an impressive piece of detective work. She pulls back the curtain on a closed, unaccountable world of finance'' \u003ci\u003eWill Hutton, Guardian\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eIn the mid 1990s, at a vast hotel complex on a private Florida beach, dozens of bankers from JP Morgan gathered for what was to become a legendary off-site meeting. It was a wild weekend. 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Tett sketches a system in the grip of a great error, emanating outwards from a cadre of elite traders who were able to repel any attempt to monitor, question or restrain them * Stephen Foley, INDEPENDENT *\u003cbr\u003e** 'A very readable, well-informed account of the way investment bankers invented, promoted and profited from the . . . financial products that were at the heart of the financial collapse * Vince Cable, Daily Telegraph *\u003c\/p\u003e","brand":"Little, Brown Book Group","offers":[{"title":"Default Title","offer_id":48733651468631,"sku":"9780349121895","price":10.44,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780349121895.jpg?v=1720001031"},{"product_id":"paper-promises-money-debt-and-the-new-world-order-9780718192143","title":"Paper Promises Money Debt and the New World Order","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eWinner of the Spears Business Book of the Year Award\u003cbr\u003e\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eLonglisted for the Financial Times Goldman Sachs Business Book of the Year Award\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eIn today''s financial climate, we are all, naturally, obsessed by debt. In almost every aspect of our life we experience it - on our credit cards, mortgages, bank loans and student loans. But where has this debt come from? How does it work? What is any money really worth? And what promises do we need to believe to keep the whole system afloat?\u003cbr\u003e\u003cbr\u003eIn this fascinating look at money through the ages - including our own unstable future - award-winning financial journalist Philip Coggan examines the flawed structure of the global finance systems as they exist today, and asks, with deeper imbalances that the world is currently facing, what''s actually at stake.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eBold and confident ... Coggan covers the terrain with characteristic calmness and objectivity, avoids over-simplification, and laces his arguments with his trademark erudition ... The alphabet soup of acronyms, from SIVs to CDO Squareds, is blissfully lacking ... Finally, the book is free from the shrieking ideology that afflicts virtually all contemporary debates over money. Indeed, it offers a clear explanation of the fresh ideological divisions that have arisen over how to deal with the crisis ... the book should be taken very seriously * Financial Times *\u003cbr\u003eThis book stands way above anything written on the present economic crisis -- Nassim Nicholas Taleb, author of 'The Black Swan'\u003cbr\u003eThe most illuminating account of the financial crisis to appear to date ... [written] with a lucidity that enables him to convey deep insights without a trace of jargon ... [a] thought-stirring book -- John Gray * New Statesman *\u003cbr\u003eA remarkable book from one of the most respected economics journalists on the planet. Every page brings a fresh insight or a new surprise. A delight -- Tim Harford, author of 'The Undercover Economist'\u003cbr\u003eFascinating and authoritative, with the rigour and depth to satisfy an economist and the accessibility and pace to engage the layperson ... If everyone read Coggan's book we might just be a little more circumspect if and when the next burst of irrational exuberance overtakes the economy * Management Today *\u003cbr\u003eA masterful history of financial crises * Independent *\u003cbr\u003eBy far the best analysis of the \"new normal\" -- David Stevenson * Financial Times *\u003cbr\u003eAn excellent book ... a smart and witty analysis of the current economic storm, set in the context of the history of money -- David Wighton * The Times *\u003cbr\u003eCoggan is ... an exceptional banking and economic historian * Irish Examiner *\u003cbr\u003eCoggan traces 'history's tug of war between monetary shortage and excess' in this engaging and timely book about the current financial crisis.... Thoughtful and thorough * Publishers Weekly *\u003cbr\u003eIntriguing * Irish Independent *\u003cbr\u003eCoggan ... deserves his Best Communicator award: he moves the story along at a fast and flowing pace, combined with the ability to find the short phrase that summarizes in simple language the kernel of many complex economic ideas ... demonstrates a comprehensive awareness of the major academic debates in economics and economic history ... deserves to be one of the three books you read from the vast literature spawned by the recent crisis -- John Gent * LSE blog *\u003cbr\u003eA very good and sensible introduction to the history of the recent economic crisis, with an emphasis on debt and also historical perspective * Tyler Cowen Blog *","brand":"Penguin Books Ltd","offers":[{"title":"Default Title","offer_id":48736148717911,"sku":"9780718192143","price":10.44,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780718192143.jpg?v=1723810532"},{"product_id":"the-alchemists-inside-the-secret-world-of-central-bankers-9780755362684","title":"The Alchemists Inside the secret world of central","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eWhen the first rumblings of the coming financial crisis were heard in August 2007, three men who were never elected to public office suddenly became the most powerful men in the world. They were the leaders of the world''s three most important central banks: Ben Bernanke of the U.S. Federal Reserve, Mervyn King of the Bank of England, and Jean-Claude Trichet of the European Central Bank. Over the next five years, they and their fellow central bankers deployed trillions of dollars, pounds and euros to try and contain the waves of panic that threatened to bring down the global financial system.\u003cbr\u003e\u003cbr\u003eNeil Irwin''s The Alchemists is both a gripping account of the most intense exercise in economic crisis management we''ve ever seen, and an insightful examination of the role and power of the central bank. It begins in Stockholm, Sweden, in the seventeenth century, where central banking had its rocky birth, and then progresses through a brisk but dazzling tutorial on how the central bank\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eBrilliantly reported and riveting, Neil Irwin's \u003ci\u003eThe Alchemists\u003c\/i\u003e is a must-read for anyone who wants to understand the global reach of the financial crisis through which we are still living. The international perspective brings a fascinating and wholly new dimension to the story, one that has until now not been adequately told. -- Liaquat Ahamed, author of 'Lords of Finance'\u003cbr\u003eBrings events to life without losing sight of the bigger issues * Money Week *\u003cbr\u003e[Mr. Irwin] has provided an accessible, engrossing account of the tribulations that Mr. Bernanke, with Mervyn A. King of the Bank of England and Jean-Claude Trichet of the European Central Bank, endured in pulling the world financial system back from collapse... Mr. Irwin seems to have talked with everyone, read the right scholarly papers and interviewed important dissenters in the Fed, the European Central Bank, the Bank of England and the Bundesbank... He has a nice touch for translating central banking's mysteries, opaque and forbidding, into understandable English. He is astute in describing the internal and external politics of institutions traditionally expected to remain above politics of the usual sort. * New York Times *\u003cbr\u003eA detailed and fast-moving account of these perilous years. This is the crisis as told through emails, phone calls, meetings and one very fateful walk along the beach in Deauville, France. * The Wall Street Journal *\u003c\/p\u003e","brand":"Headline Publishing Group","offers":[{"title":"Default Title","offer_id":48737138966871,"sku":"9780755362684","price":10.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780755362684.jpg?v=1723810996"},{"product_id":"the-devils-casino-friendship-betrayal-and-thehighstakes-games-played-inside-lehman-brothers-9781118011492","title":"The Devils Casino Friendship Betrayal and","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThe inside story of what really happened at Lehman Brothers and why it failed    In The Devil's Casino: Friendship, Betrayal, and the High Stakes Games Played Inside Lehman Brothers, investigative writer and Vanity Fair contributing editor Vicky Ward takes readers inside Lehman's highly charged offices.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eCast of Characters.  \u003cp\u003ePrologue.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One: The Ponderosa Boys.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 1. A Long, Hot Summer.\u003c\/p\u003e \u003cp\u003eChapter 2. The Beginning.\u003c\/p\u003e \u003cp\u003eChapter 3. The Captain.\u003c\/p\u003e \u003cp\u003eChapter 4. The “Take-Under”.\u003c\/p\u003e \u003cp\u003eChapter 5. Slamex.\u003c\/p\u003e \u003cp\u003eChapter 6. The Phoenix Rises.\u003c\/p\u003e \u003cp\u003eChapter 7. Independence Day.\u003c\/p\u003e \u003cp\u003eChapter 8. The Stiletto.\u003c\/p\u003e \u003cp\u003eChapter 9. The Ides of March.\u003c\/p\u003e \u003cp\u003eChapter 10. Eulogies.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two: The Echo Chamber.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 11. Russian Winter.\u003c\/p\u003e \u003cp\u003eChapter 12. Lehman’s Desperate Housewives.\u003c\/p\u003e \u003cp\u003eChapter 13. The Young Lions.\u003c\/p\u003e \u003cp\u003eChapter 14. 9\/11.\u003c\/p\u003e \u003cp\u003eChapter 15. No Ordinary Joe.\u003c\/p\u003e \u003cp\u003eChapter 16. The Talking Head.\u003c\/p\u003e \u003cp\u003eChapter 17. The Sacrificial Ram.\u003c\/p\u003e \u003cp\u003eChapter 18. Korea’s Rising Sum.\u003c\/p\u003e \u003cp\u003eChapter 19. The Wart on the End of Lehman’s Nose.\u003c\/p\u003e \u003cp\u003eChapter 20. Damned Flood?\u003c\/p\u003e \u003cp\u003eChapter 21. Closing the Books.\u003c\/p\u003e \u003cp\u003eEpilogue.\u003c\/p\u003e \u003cp\u003eA Note About the Sources.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eReferences.\u003c\/p\u003e \u003cp\u003eAcknowledgments.\u003c\/p\u003e \u003cp\u003eIndex. \u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":48738356429143,"sku":"9781118011492","price":12.99,"currency_code":"GBP","in_stock":true}]},{"product_id":"investment-banking-explained-second-edition-an-insiders-guide-to-the-industry-9781260135640","title":"Investment Banking Explained Second Edition An","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cdiv\u003e\n\u003cdiv\u003e\u003cb\u003eThe authoritative guide to investment bankingâupdated and revised for the new financial landscape\u003c\/b\u003e\u003c\/div\u003e\n\u003cdiv\u003e\u003cb\u003e\u003cbr\u003e\u003c\/b\u003e\u003c\/div\u003e\n\u003cdiv\u003e\n\u003ci\u003eWhat is investment banking? How do investment bankers generate profit for their clients? What is the function of each specialty? \u003c\/i\u003e How has the industry changed in the past decade? \u003ci\u003eInvestment Banking Explained\u003c\/i\u003e answers these questionsâand offers a complete overview of this complex industry.   \u003c\/div\u003e\n\u003cdiv\u003e\u003cbr\u003e\u003c\/div\u003e\n\u003cdiv\u003eWritten in accessible, easy-to-understand language, \u003ci\u003eInvestment Banking Explained\u003c\/i\u003e provides everything you need to identify structures, strategies, and operational aspects of investment banking, and it offers thorough examinations of the operations of the world's most successful firms. With every chapter updated and revised, this peerless work also includes need-to-know information on all-new topics, including developing strategic relationships with large corporate clients, understanding the role \u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003ePreface\u003cbr\u003e\u003cbr\u003eChapter 1: Origins of Investment Banking\u003cbr\u003e\u003cbr\u003eChapter 2: History of Some Key Financial Institutions and Products\u003cbr\u003e\u003cbr\u003eChapter 3: The Business of Investment Banks\u003cbr\u003e\u003cbr\u003eChapter 4: Charting the Course\u003cbr\u003e\u003cbr\u003eChapter 5: The 2007-8 Financial Crisis: Causes and Consequences\u003cbr\u003e\u003cbr\u003eChapter 6: Strategies in Relationship Management\u003cbr\u003e\u003cbr\u003eChapter 7: Trading and Capital Markets Activities\u003cbr\u003e\u003cbr\u003eChapter 8: Strategies in Trading\u003cbr\u003e\u003cbr\u003eChapter 9: Equity Research\u003cbr\u003e\u003cbr\u003eChapter 10: The Business of Equity Offerings\u003cbr\u003e\u003cbr\u003eChapter 11: Strategies in IPOs\u003cbr\u003e\u003cbr\u003eChapter 12: Fixed-Income Businesses\u003cbr\u003e\u003cbr\u003eChapter 13: Strategies in Fixed Income\u003cbr\u003e\u003cbr\u003eChapter 14: Role of Investment Banking in M\u0026amp;A\u003cbr\u003e\u003cbr\u003eChapter 15: Strategy for Value in M\u0026amp;As\u003cbr\u003e\u003cbr\u003eChapter 16: Synergies in M\u0026amp;As\u003cbr\u003e\u003cbr\u003eChapter 17: Private Banking and Investment Management\u003cbr\u003e\u003cbr\u003eChapter 18: Alternative Investments\u003cbr\u003e\u003cbr\u003eConclusion\u003c\/p\u003e\n\u003cp\u003eNotes\u003cbr\u003e\u003cbr\u003eIndex\u003cbr\u003e\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"McGraw-Hill Education","offers":[{"title":"Default Title","offer_id":48738476294487,"sku":"9781260135640","price":56.09,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781260135640.jpg?v=1723812077"},{"product_id":"mastering-antimoney-laundering-and-counterterrorist-financing-9781292282350","title":"Mastering AntiMoney Laundering and","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThis book offers best practice advice on how to meet anti-money laundering (AML) regulations and will help you put together an effective framework to meet your legal obligations. \u003cbr\u003e \u003cbr\u003e It includes a comprehensive selection of example documents, checklists and an unrivalled collection of training materials.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eTBD\u003c\/b\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cul\u003e\n\u003cli\u003eChapter 1: Fundamental Concepts \u003c\/li\u003e\n\u003cli\u003eChapter 2: The International AML and CFT Framework \u003c\/li\u003e\n\u003cli\u003eChapter 3: The Role, Structure and Position of the AML\/CFT Compliance Function \u003c\/li\u003e\n\u003cli\u003eChapter 4: CDD, KYC and the Risk-Based Approach \u003c\/li\u003e\n\u003cli\u003eChapter 5: Reputational risk \u003c\/li\u003e\n\u003cli\u003eChapter 6: Suspicion recognition \u003c\/li\u003e\n\u003cli\u003eChapter 7: International Cooperation \u003c\/li\u003e\n\u003cli\u003eChapter 8: Modern Money Laundering and Terrorist Financing: Two Case Studies \u003c\/li\u003e\n\u003c\/ul\u003e","brand":"Pearson Education Limited","offers":[{"title":"Default Title","offer_id":48738537177431,"sku":"9781292282350","price":999.99,"currency_code":"GBP","in_stock":false}]},{"product_id":"the-venetian-money-market-banks-panics-and-the-public-debt-12001500-9781421431437","title":"The Venetian Money Market  Banks Panics and the","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eThis is the kind of book that is all too rare in modern historical scholarship. It is at once meticulously researched, granitically organized, perceptively argued, and eminently readable. The last is no mean achievement when one considers the subject matter. Banks, investments, credit, and debt may be important for our understanding of medieval and Renaissance Italy, but as anyone who has balanced a checkbook or read an annuity report can attest, it can all be dreadfully boring. Not so here.\u003cbr\u003e—Thomas FMadden, \u003ci\u003eSixteenth Century Journal\u003c\/i\u003e\u003cbr\u003eThis volume is an outstanding example of meticulous, readable, wide-ranging scholarship . . . [It] is careful . . . brilliant study.\u003cbr\u003e—John E. Dotson, \u003ci\u003eSpeculum\u003c\/i\u003e\u003cbr\u003eThis book is a mine of information and a most reliable guide to the Venetian Money Market. For many years to come it will constitute an essential tool for an serious study related to the history of Venice and its economy.\u003cbr\u003e—Benjamin Arbel, \u003ci\u003eMediterranean Historical Review\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eList of Illustrations \u003cbr\u003eList of Tables \u003cbr\u003ePreface \u003cbr\u003eList of Abbreviations\u003cbr\u003e\u003cb\u003ePart I. Local Banks and Bankers: The Institutional Side \u003c\/b\u003e\u003cbr\u003eChapter 1. From Moneychanging to Deposit Banking \u003cbr\u003eChapter 2. The Supervision and Regulation of Banking \u003cbr\u003eChapter 3. The Organization and Operation of Banking Enterprises \u003cbr\u003e\u003cb\u003ePart II. The Vagaries of Deposit Banking: A History Seen Through Panics, Bankruptcies, and Liquidations \u003c\/b\u003e\u003cbr\u003eChapter 4. Bank Failures in the Trecento \u003cbr\u003eChapter 5. Bank Failures in the Quattrocento \u003cbr\u003eChapter 6. The Making of the Panic of 1499-1500 \u003cbr\u003e\u003cb\u003ePart III. The Money Market and Foreign Exchange \u003c\/b\u003e\u003cbr\u003eChapter 7. Florentine Merchant Bankers and Their Community \u003cbr\u003eChapter 8. Exchange and the Money Market \u003cbr\u003e\u003cb\u003ePart IV. Public Debt and Private Wealth: The Floating Debt \u003c\/b\u003e\u003cbr\u003eChapter 9. The Grain Office: A \"Swiss Bank\" for the Nest Eggs ofTerraferma Lords, a Quasi-Public Bank for Venetians\u003cbr\u003eChapter 10. Bank Loans to the State in the Fifteenth Century \u003cbr\u003e\u003cb\u003ePart V. Public Debt and Private Wealth: Forced Loans and Marketable Credits \u003c\/b\u003e\u003cbr\u003eChapter 11. Venice's Monte Vecchio: An Overview \u003cbr\u003eChapter 12. Criteria Employed in Assessing Patrimonies \u003cbr\u003eChapter 13. Family and Finance: Forced Loans and the Open Market at Work\u003cbr\u003eConclusion\u003cbr\u003eAppendixes\u003cbr\u003eBibliography\u003cbr\u003eIndex\u003c\/p\u003e","brand":"Johns Hopkins University Press","offers":[{"title":"Default Title","offer_id":48739135684951,"sku":"9781421431437","price":999.99,"currency_code":"GBP","in_stock":false}]},{"product_id":"the-end-of-money-the-story-of-bitcoin-cryptocurrencies-and-the-blockchain-revolution-9781529381863","title":"The End of Money: The story of bitcoin,","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eMurder for hire. Drug trafficking. Embezzlement. Money laundering...\u003c\/b\u003e These might sound like plot lines of a thriller, but they are true stories from the short history of cryptocurrencies - digital currencies conceived by computer hackers and cryptographers that represent a completely new sort of financial transaction that could soon become mainstream. \u003cbr\u003e\u003cbr\u003eThe most famous - or infamous - cryptocurrency is bitcoin. But look beyond its tarnished reputation and something much shinier emerges. The technology that underlies bitcoin and other cryptocurrencies - the blockchain - is hailed as the greatest advancement since the invention of the internet. It is now moving away from being the backbone for a digital currency and making inroads into other core concepts of society: identity, ownership and even the rule of law.\u003cbr\u003e\u003cbr\u003e\u003ci\u003eThe End of Money\u003c\/i\u003e is your essential introduction to this transformative new technology that has governments, entrepreneurs and forward-thinking people from all walks of life sitting up and taking notice.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eABOUT THE SERIES\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eNew Scientist Instant Expert\u003c\/i\u003e books are definitive and accessible entry points to the most important subjects in science; subjects that challenge, attract debate, invite controversy and engage the most enquiring minds. Designed for curious readers who want to know how things work and why, the \u003ci\u003eInstant Expert\u003c\/i\u003e series explores the topics that really matter and their impact on individuals, society, and the planet, translating the scientific complexities around us into language that's open to everyone, and putting new ideas and discoveries into perspective and context.\u003c\/p\u003e","brand":"John Murray Press","offers":[{"title":"Default Title","offer_id":48740248518999,"sku":"9781529381863","price":10.44,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781529381863.jpg?v=1720054219"},{"product_id":"the-european-central-bank-9781788212953","title":"The European Central Bank","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eThe European Central Bank administers monetary policy for the eurozone and is tasked with maintaining price stability by keeping inflation below 2 per cent. This brief mandate belies the complexity of managing the monetary policy for the 19 member states of the euro, not to mention the political implications thereof.\u003c\/p\u003e \u003cp\u003eThis book sets out the history, development and day-to-day workings of this key institutional pillar of the European Union. It assesses its work, independence, the policies and instruments at its disposal and the evolution of its role during, and after, the eurozone crisis of 2010. Incomplete monetary union, Germany's hegemonic ambitions and different economic policies from individual member countries are shown to pose formidable challenges to the ECB's macroeconomic management.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eA very well-written book providing a comprehensive overview of the ECB and the major challenges facing European Monetary Union over the past two decades. -- Peter Bofinger, Würzburg University and former member of the German Council of Economic Experts\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e1. Introduction: European integration2. From Bretton Woods to European Monetary Union3. The Maastricht Treaty and the Stability and Growth Pact4. The ECB’s structure and its political and legal framework5. Preconditions for a stable monetary union6. The failure of the 2-pillar strategy of the ECB and the revival of Wicksell7. Increasing economic fragility before the financial market crisis8. Monetary policy and the Great Recession9. Monetary policy and the escalation of the euro crisis up to 201210. The ECB holds the euro together11. The fiscal policy framework in the ECB12. Financial market supervision, banking union and financial market regulation13. Prospects for European policy making and the EMU\u003c\/p\u003e","brand":"Agenda Publishing","offers":[{"title":"Default Title","offer_id":48741581586775,"sku":"9781788212953","price":22.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781788212953.jpg?v=1720058041"},{"product_id":"growth-and-developmental-aspects-of-credit-allocation-an-inquiry-for-leading-countries-and-the-indian-states-9781803826127","title":"Growth and Developmental Aspects of Credit","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cem\u003eGrowth and Developmental Aspects of Credit Allocation: An Inquiry for Leading Countries and the Indian States\u003c\/em\u003e focuses on bank credit and deposit within a variety of economies and specifically examines Indian states to demonstrate how these two financial components are linked to their income growths and levels of development.\u003c\/p\u003e \u003cp\u003eExamining the world economy on both macro and micro levels, Ramesh Chandra Das highlights the increase in current world output as well as its implications for financial indicators and human development across selected countries. Focusing on credit-deposit ratios, trends of credit, NPA, GDP, security investments, and the interconnections of credit with GDP and HDI, Das further locates the link between the financial and real sectors of the economy that amplifies their overall progress. Undertaking a micro level study of these indicators across different states in India, chapters also provide insight into credit concentration, including security investment by banks and the inequality in credit allocation, within an Indian context.\u003c\/p\u003e \u003cp\u003eIncorporating and applying modern economic theory, \u003cem\u003eGrowth and Developmental Aspects of Credit Allocation: An Inquiry for Leading Countries and the Indian States \u003c\/em\u003epresents a ground-breaking perspective for those interested in banking, finance, macro- and microeconomics, as well as human development on a global scale.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eForeword; \u003cem\u003eGirijasankar Mallik\u003c\/em\u003e\u003cbr\u003e Chapter 1. Historical Perspectives of the Countries \u003cbr\u003e Chapter 2. Trends of the Variables and Descriptive Statistical Analysis \u003cbr\u003e Chapter 3. Issues of Non-Performing Assets, Security Investments vis-à-vis Credit, GDP and HDI \u003cbr\u003e Chapter 4. Linkage of Credit with Income and Development of the Countries \u003cbr\u003e Chapter 5. Credit Elasticity and Equilibrium Relations of NPA and Investment with Credit, GDP and HDI \u003cbr\u003e Chapter 6. Convergence Analysis of Credit, GDP and HDI of the Countries \u003cbr\u003e Chapter 7. Branch, Deposit and Credit of Banks in Indian States \u003cbr\u003e Chapter 8. Trends of Bank Credit, NPA and Government Security Investments in India \u003cbr\u003e Chapter 9. Credit Convergence and Credit Inequality in Indian States \u003cbr\u003e Chapter 10. Linkages of Bank Credit with Output and HDI of the Indian States \u003cbr\u003e Chapter 11. Concluding Observations\u003c\/p\u003e","brand":"Emerald Publishing Limited","offers":[{"title":"Default Title","offer_id":48741863850327,"sku":"9781803826127","price":76.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781803826127.jpg?v=1720059090"},{"product_id":"overlapping-generations-methods-models-and-morphology-9781837530533","title":"Overlapping Generations: Methods, Models and","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eThe 800 pound gorilla in the room of macroeconomics is the question of why the overlapping generations model didn’t become the central workhorse model for macroeconomics. Introduced in 1958 by Paul Samuelson, the model postulates an infinite number of finite-lived families. This is in stark contrast to the more dominant neoclassical growth model, which is based on the assumption that real economies are populated by a finite number of dynastic families. Despite the greater realism of the former model and the inherent implausibility of the assumptions underlying the growth model, the growth model has become dominant. The authors here explore the co-evolution of the two models to shed light on why this happened, spanning the entire post-WWII era.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eThis book is a real tour de force in clarity and tremendous scope. It should be on the reading list for all advanced economics graduate students.\u003c\/p\u003e -- Jess Benhabib, Paulette Goddard Professor of Political Economy in the Faculty of Arts and Science at New York University\u003cbr\u003e\u003cp\u003eThis book is a monumental work, an important contribution to economics\u003c\/p\u003e -- Karl Shell, Robert Julius Thorne Professor of Economics Emeritus, Cornell University. Founding Editor, Journal of Economic Theory\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eIntroduction. Introduction \u003cbr\u003e Chapter 1. Origins of the Workhorse Models \u003cbr\u003e Chapter 2. OLG – The Next Generations, 1960-1970 \u003cbr\u003e Chapter 3. Expectations and the Neutrality of Money c. 1972: From OLG to SOLG \u003cbr\u003e Chapter 4. Infinite Lived Agents: Dynasty, 1970-1980 \u003cbr\u003e Chapter 5. OLG and Money, 1970-1980 \u003cbr\u003e Chapter 6. OLG and Theory, 1970-1980 \u003cbr\u003e Chapter 7. Boomers \u003cbr\u003e Chapter 8. Gen X and Beyond: 1995-2015 \u003cbr\u003e Chapter 9. The Ascendance of ILA and the Future of Macro \u003cbr\u003e Chapter 10. Morphology of OLG Models and Methods in Comparative Perspective \u003cbr\u003e Chapter 11. Summary and Conclusion\u003c\/p\u003e","brand":"Emerald Publishing Limited","offers":[{"title":"Default Title","offer_id":48741928042839,"sku":"9781837530533","price":90.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781837530533.jpg?v=1720059341"},{"product_id":"inside-allenwood-the-story-of-a-british-banker-inside-a-us-prison-money-mobsters-and-enron-9781846893292","title":"Inside Allenwood: The Story of a British Banker","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eThis is the story of Giles Darby, a former British banker who was extradited and jailed on account of his entanglement in a $7m wire-fraud case. \u003c\/p\u003e \u003cp\u003eIn 2001, Giles and his co-defendants — branded the ‘NatWest Three’ — became the subject of extensive media coverage when the US government demanded their extradition in regards to the financial collapse of energy giant Enron, noted as one of the biggest bankruptcy filings in history.\u003c\/p\u003e \u003cp\u003eThey found themselves the centre of national debate which sought to question why three British citizens accused of defrauding a British bank should be tried in America — a question that found itself in the hands of Prime Minister at the time, Tony Blair. However, after 10 gruelling years of appeal, they each pled guilty to one count of wire fraud, facing up to 37 months in a US prison.\u003c\/p\u003e \u003cp\u003eFocusing on the emotional aftermath of extradition and his life in prison, \u003cem\u003eInside Allenwood\u003c\/em\u003e is an eye-opening appraisal of the American justice system, and one man’s profound story of how he managed to keep his health and sanity intact during the drudgery of lockdown, the dangers of routine violence and the agony of being separated from his young family in UK.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eFascinating, dark and sometimes grotesquely comic * The Daily Mail *\u003cbr\u003eThis intriguing look at the American justice system will appeal to true crime fans as well as those who enjoy a good fish-out-of-water story. * Publishers Weekly *","brand":"Quiller Publishing Ltd","offers":[{"title":"Default Title","offer_id":48742184911191,"sku":"9781846893292","price":16.1,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781846893292.jpg?v=1720060372"},{"product_id":"stress-test-reflections-on-financial-crises-9781847941244","title":"Stress Test: Reflections on Financial Crises","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eFrom the former Treasury Secretary, the definitive account of the unprecedented effort to save the U.S. economy from collapse in the wake of the worst global financial crisis since the Great Depression\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eOn 26 January, 2009, during the depths of the financial crisis and having just completed five years as President of the Federal Reserve Bank of New York, Timothy F. Geithner was sworn in by President Barack Obama as the seventy-fifth Secretary of the Treasury of the United States. Now, in a strikingly candid, riveting, and historically illuminating memoir, Geithner takes readers behind the scenes during the darkest moments of the crisis. Swift, decisive, and creative action was required to avert a second Great Depression, but policy makers faced a fog of uncertainty, with no good options and the risk of catastrophic outcomes.\u003cbr\u003e\u003cbr\u003e\u003ci\u003eStress Test\u003c\/i\u003e: \u003ci\u003eReflections on Financial Crises \u003c\/i\u003etakes us inside the room, explaining in accessible and forthright terms the hard choices and politically unpalatable decisions that Geithner and others in the Obama administration made during the crisis and recovery. He discusses the most controversial moments of his tenures at the Federal Reserve Bank of New York and at the Treasury, including the harrowing weekend Lehman Brothers went bankrupt; the searing crucible of the AIG bonuses controversy; the development of his widely criticized but ultimately successful plan in early 2009 to end the crisis; the bracing fight for the most sweeping financial reforms in seventy years; and the lingering aftershocks of the crisis, including high unemployment, the fiscal battles, and Europe’s repeated flirtations with the economic abyss.  \u003cbr\u003e\u003cbr\u003eGeithner also shares his personal and professional recollections of key players such as President Obama, Ben Bernanke, Hank Paulson, and Larry Summers, among others, and examines the tensions between politics and policy that have come to dominate discussions of the U.S. economy. An insider’s account of how the Obama administration saved the economy but lost the American people, \u003ci\u003eStress Test\u003c\/i\u003e reveals a side of Timothy Geithner that only few have seen.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eSensational ... Tim's book will forever be the definitive work on what causes financial panics and what must be done to stem them when they occur.\u003c\/b\u003e -- Warren Buffett\u003cbr\u003e\u003cb\u003eDeals with issues far bigger than anything on the Man Booker long list.\u003c\/b\u003e -- Anne Ashworth * The Times *\u003cbr\u003e\u003cb\u003e\u003ci\u003eStress Test \u003c\/i\u003eis an absolutely compelling account of the financial crisis, written in a clear, graceful style with striking honesty at every step along the way.\u003c\/b\u003e -- Doris Kearns Goodwin\u003cbr\u003e\u003cb\u003eThis is a lucid, fascinating, and extremely important book\u003c\/b\u003e … Geithner does something unusual: he engages in substance. With both insight and humility, plus a good dose of wry humor, he explains what really happened during the financial crisis. No matter your political persuasion, you will find this book educational, enlightening, and interesting. -- Walter Isaacson\u003cbr\u003e\u003cb\u003eA fascinating memoir about life in the maelstrom of the financial crisis \u003c\/b\u003e… Earlier books have described much of what happened that September, but Geithner was present for all the frantic meetings, the thousands of phone calls — and in the case of Lehman, the failure to find a buyer that could keep it alive. New problems cropped up almost weekly, if not daily. He explains each in easy-to-understand language and what the issues were that shaped the responses… There could be another crisis someday, of course, but what Geithner and his colleagues did has made one far less likely. * USA Today *","brand":"Cornerstone","offers":[{"title":"Default Title","offer_id":48742229410135,"sku":"9781847941244","price":14.24,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781847941244.jpg?v=1720060553"},{"product_id":"why-arent-they-shouting-a-banker-s-tale-of-change-computers-and-perpetual-crisis-9781847941534","title":"Why Aren't They Shouting?: A Banker’s Tale of","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003e‘Eloquent, entertaining and accessible.’ \u003ci\u003eFT Adviser\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003cb\u003e\u003cbr\u003eWhen Kevin Rodgers embarked on his career in finance, dealing rooms were filled with clamouring traders and gesticulating salesmen. Nearly three decades later, the bustle has gone and the loudest noise you’re likely to hear is the gentle tapping of keyboards. \u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003ci\u003eWhy Aren’t They Shouting?\u003c\/i\u003e is one banker’s chronicle of this silent revolution, taking us from an age of shouted phone calls and alpha males right up to today’s world of computer geeks and complex derivatives. Along the way, Rodgers offers a masterclass in how modern banking actually works, exploring the seismic changes to the global financial industry over the last thirty years. Above all, his story raises a deeply troubling question: could it be that the technology that has transformed banking – and that continues to do so – is actually making it ever more unstable?\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003e‘A welcome addition to the panoply of must-read titles about banking before, during and after the crisis … by someone who was actually at the centre of the industry at the time.’ \u003c\/b\u003e\u003cb\u003e\u003ci\u003eEuromoney\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003e‘An animated first-person narrative about the reality of banking … lively and engaging.’ \u003ci\u003eLSE Review of Books\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eAn animated, first-person narrative about the reality of banking … lively and engaging … Rodgers takes your hand and walks you through the history of finance. * LSE Review of Books *\u003cbr\u003eA welcome addition to the panoply of must-read titles about banking before, during and after the crisis … by someone who was actually at the centre of the industry at the time. * Euromoney *\u003cbr\u003eA rip-roaring ride through the dealing floors of the world’s financial market … the storyline is eloquent, right up there with the calibre of the master of the genre, Michael Lewis. * Financial Advisor *\u003cbr\u003eThis is an enjoyable, fast-paced yet informative book … readers will be absorbed and fascinated by the inner workings of an industry that is essential to all our lives. * International Investment *\u003cbr\u003eA truly insightful look into the history of technology and what it could mean for banking’s future * Small Business Trends *","brand":"Cornerstone","offers":[{"title":"Default Title","offer_id":48742229606743,"sku":"9781847941534","price":10.44,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781847941534.jpg?v=1720060552"},{"product_id":"can-t-we-just-print-more-money-economics-in-ten-simple-questions-9781847943392","title":"Can’t We Just Print More Money?: Economics in Ten","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003e'If you feel you should understand how economists think but have no idea where to start, this book is the answer' \u003ci\u003eFinancial Times\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eWhy are all my clothes made in Asia?\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eHow do I get a pay-rise?\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eAnd what even \u003ci\u003eis\u003c\/i\u003e money?\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eJoin Britain's most venerable financial institution for a rip-roaring crash-course on economics. From financial crises to Freddo prices, it will help you make sense of your job, your life and maybe your world.\u003cbr\u003e_\u003cbr\u003e\u003cbr\u003e'A well-written treat . . . Using examples including the Bank of England canteen, \u003ci\u003eThe Simpsons\u003c\/i\u003e and Beanie Babies, the authors encourage us all to understand, and even challenge, what economists do' Professor David Spiegelhalter, author of \u003ci\u003eThe Art of Statistics\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e'A well-timed attempt to show the public what goes on inside the Bank of England - and familiarise them with some basic economic concepts . . . Punctuated with jaunty anecdotes and neat examples' G\u003ci\u003euardian\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e'An entertaining and essential read at a time when understanding how our money, governments and banks interact has never felt more important' Laura Whateley, author of \u003ci\u003eMoney: A User's Guide\u003c\/i\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eIf you feel you should understand how economists think but have no idea where to start, this book is the answer \u003c\/b\u003e. . . The Bank should be congratulated on this effort at education. Buy this book for the inquiring person, young, old or in between. -- Martin Wolf, Summer Books * Financial Times *\u003cbr\u003e\u003cb\u003eA well-written treat\u003c\/b\u003e . . . Using examples including the Bank of England canteen, \u003ci\u003eThe Simpsons\u003c\/i\u003e and Beanie Babies, the authors encourage us all to understand, and even challenge, what economists do. -- Professor David Spiegelhalter, author of THE ART OF STATISTICS\u003cbr\u003e\u003cb\u003eAn enjoyable introduction\u003c\/b\u003e to the so-called dismal science . . . Patel and Meaning have done an admirable job in simplifying and popularising some of the key elements of their subject. * The Times *\u003cbr\u003e\u003cb\u003eA great place to start your economic journey.\u003c\/b\u003e With the Bank of England as your guide, this accessible book shows how economics affects so many aspects of our daily lives. -- Dr Linda Yueh, author of THE GREAT ECONOMISTS\u003cbr\u003eA well-timed attempt to show the public what goes on inside the Bank of England - and familiarise them with some basic economic concepts . . . Punctuated with \u003cb\u003ejaunty anecdotes and neat examples\u003c\/b\u003e. * Guardian *","brand":"Cornerstone","offers":[{"title":"Default Title","offer_id":48742230720855,"sku":"9781847943392","price":10.44,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781847943392.jpg?v=1720060559"},{"product_id":"money-and-sustainability-the-missing-link-report-from-the-club-of-rome-9781908009753","title":"Money and Sustainability: The Missing Link -","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eA report from the Club of Rome - EU Chapter to Finance Watch and the World Business Academy. Foreword by Dennis Meadows, co-author of the 1972 Club of Rome report The Limits to Growth. Pioneering new research from the Club of Rome: In 1972, the first Report for the Club of Rome - The Limits to Growth - famously spelled out the unsustainable consequences of an economic system that demands infinite growth in a finite world. Just as The Limits to Growth exposed the catastrophic flaws in our economic system, this new Report from the Club of Rome exposes the systemic flaws in our money system and the wrong thinking that underpins it. It describes the ongoing currency and banking crises we must expect if we continue with the current monopoly system - and the vicious impact of these crises on our communities, our society as a whole and our environment. It finishes by setting out clear, practical proposals for creating a money 'ecosystem' with complementary currencies to support and stabilize the current money system.","brand":"Triarchy Press","offers":[{"title":"Default Title","offer_id":48742499549527,"sku":"9781908009753","price":21.09,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781908009753.jpg?v=1720061650"},{"product_id":"disrupting-finance-fintech-and-strategy-in-the-21st-century-9783030023294","title":"Disrupting Finance: FinTech and Strategy in the","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eThis open access Pivot demonstrates how a variety of technologies act as innovation catalysts within the banking and financial services sector. Traditional banks and financial services are under increasing competition from global IT companies such as Google, Apple, Amazon and PayPal whilst facing pressure from investors to reduce costs, increase agility and improve customer retention. Technologies such as blockchain, cloud computing, mobile technologies, big data analytics and social media therefore have perhaps more potential in this industry and area of business than any other. This book defines a fintech ecosystem for the 21st century, providing a state-of-the art review of current literature, suggesting avenues for new research and offering perspectives from business, technology and industry.   \u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cb\u003e1.                       \u003c\/b\u003e\u003cb\u003eDeciphering Crowdfunding\u003c\/b\u003e\u003cp\u003e1.1.        The Crowdfunding Phenomenon: an Overview\u003c\/p\u003e  \u003cp\u003e1.1.1.               The European Market\u003c\/p\u003e  1.1.2.               The US market\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e1.1.3.               The Asia-Pacific Market\u003c\/p\u003e  \u003cp\u003e1.2.   Crowdfunding State-of-the-Art\u003c\/p\u003e  \u003cp\u003e1.2.1.               Investment Models\u003c\/p\u003e  \u003cp\u003e1.2.2.               Non-investment Models\u003c\/p\u003e  \u003cp\u003e1.3.   New Research Trends: The language of Crowdfunding\u003c\/p\u003e  \u003cp\u003e1.4.   References\u003c\/p\u003e  \u003cp\u003e2.                       \u003cb\u003eAddressing Information Asymmetries in Online Peer-to-Peer Lending\u003c\/b\u003e\u003c\/p\u003e  \u003cp\u003e2.1.       Introduction\u003c\/p\u003e  \u003cp\u003e2.2.       Online Peer-to-Peer Lending Platforms\u003c\/p\u003e  \u003cp\u003e2.3.       Information Asymmetries and Peer to Peer Lending Platforms\u003c\/p\u003e  \u003cp\u003e2.4.       Conclusions and Future Directions for Research\u003c\/p\u003e  \u003cp\u003e2.5.       References\u003c\/p\u003e  \u003cp\u003e\u003cb\u003e3.                       \u003c\/b\u003e\u003cb\u003eMachine learning and AI for risk management\u003c\/b\u003e\u003c\/p\u003e  \u003cp\u003e3.1.       Introduction\u003c\/p\u003e  \u003cp\u003e3.2.       Machine Learning and AI Techniques for Risk Management\u003c\/p\u003e  \u003cp\u003e3.3.       Machine Learning and AI Applications for Risk Management\u003c\/p\u003e  \u003cp\u003e3.3.1.               Application to Credit Risk\u003c\/p\u003e  \u003cp\u003e3.3.2.               Application to Market Risk\u003c\/p\u003e  3.3.3.               Application to Operational Risk\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e3.3.4.               Application to RegTech\u003c\/p\u003e  \u003cp\u003e3.4.       The Challenges and Future of Machine Learning and AI for Risk Management\u003c\/p\u003e  \u003cp\u003e3.5.       References\u003c\/p\u003e  \u003cp\u003e\u003cb\u003e4.        \u003c\/b\u003e\u003cb\u003eWhat Fintech Can Learn from High-Frequency Trading: Economic Consequences, Open Issues and Future of Corporate Disclosure\u003c\/b\u003e\u003c\/p\u003e  4.1.   Introduction\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e4.2.   High Frequency Trading: Definition and Data\u003c\/p\u003e  4.2.1.                Methodology\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e4.2.2.                Descriptive Statistics\u003c\/p\u003e  \u003cp\u003e4.3.   Results\u003c\/p\u003e  \u003cp\u003e4.3.1.                Thematic Analysis\u003c\/p\u003e  \u003cp\u003e4.3.2.                Impact of HFT\u003c\/p\u003e  \u003cp\u003e4.3.2.1.                    Effects on Market Quality\u003c\/p\u003e  \u003cp\u003e4.3.2.2.                    HFT’s Trading Strategies and Speed\u003c\/p\u003e  \u003cp\u003e4.3.2.3.                    Market Structure, Co-location and Regulation after the Flash Crash\u003c\/p\u003e  \u003cp\u003e4.3.3.                HFT Reaction to Corporate Disclosure\u003c\/p\u003e  \u003cp\u003e4.4.  Conclusion and Future Research Directions\u003c\/p\u003e  4.5.  References\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e\u003cb\u003e5.        \u003c\/b\u003e\u003cb\u003eInsurTech\u003c\/b\u003e\u003c\/p\u003e  \u003cp\u003e5.1.   Introduction\u003c\/p\u003e  \u003cp\u003e5.2.   How Does Insurance Work?\u003c\/p\u003e  \u003cp\u003e5.3.   The Big Data Paradigm\u003c\/p\u003e  \u003cp\u003e5.3.1.                Telematics\u003c\/p\u003e  \u003cp\u003e5.3.2.                Wearables\u003c\/p\u003e  \u003cp\u003e5.3.3.                Smart Homes and the Internet of Things (IoT)\u003c\/p\u003e  \u003cp\u003e5.3.4.                Big Data: Trustworthiness and Privacy Concerns\u003c\/p\u003e  \u003cp\u003e5.4.   Artificial Intelligence\u003c\/p\u003e  \u003cp\u003e5.4.1.                Machine Learning and AI in the Underwriting Process\u003c\/p\u003e  \u003cp\u003e5.4.2.                AI in Claims Management Process\u003c\/p\u003e  \u003cp\u003e5.4.3.                AI in Customer Interaction\u003c\/p\u003e  \u003cp\u003e5.5.   Distributed Ledger Technologies\u003c\/p\u003e  5.5.1.                Improving Current Processes Using DLTs\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e5.5.2.                P2P Insurance\u003c\/p\u003e  \u003cp\u003e5.6.   Conclusion\u003c\/p\u003e  \u003cp\u003e5.7.   References\u003c\/p\u003e  \u003cp\u003e\u003cb\u003e6.        \u003c\/b\u003e\u003cb\u003eUnderstanding RegTech for Digital Regulatory Compliance\u003c\/b\u003e\u003c\/p\u003e  \u003cp\u003e6.1.   Introduction\u003c\/p\u003e  \u003cp\u003e6.2.   Business Drivers of RegTech\u003c\/p\u003e  \u003cp\u003e6.3.   RegTech in Focus: Digital Regulatory Reporting\u003c\/p\u003e  \u003cp\u003e6.3.1.                Phase 1 Digital Regulatory Alerts\u003c\/p\u003e  6.3.2.                Phase 2 Making Regulations Digital\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e6.3.3.                Phase 3 Performing Digital Regulatory Reporting\u003c\/p\u003e  \u003cp\u003e6.3.4.                Phase 4 Creating Meta-Data Models for Semantic Interoperability\u003c\/p\u003e  \u003cp\u003e6.4.   Discussion and Implications\u003c\/p\u003e  \u003cp\u003e6.5.   Conclusion\u003c\/p\u003e  \u003cp\u003e7.        \u003cb\u003ePayment Service Directive II and its Implications\u003c\/b\u003e\u003c\/p\u003e  \u003cp\u003e7.1.   Introduction\u003c\/p\u003e  \u003cp\u003e7.2.   Background\u003c\/p\u003e  \u003cp\u003e7.3.   EU Initiated Review of the Effectiveness of PSD I\u003c\/p\u003e  \u003cp\u003e7.3.1.                Main Findings of Impact Study\u003c\/p\u003e  \u003cp\u003e7.4.   Payment Services Directive II\u003c\/p\u003e  \u003cp\u003e7.4.1.                Scope of the Directive and the Removal of Exclusions\u003c\/p\u003e  \u003cp\u003e7.4.2.                Authorisation of Payment Institutions\u003c\/p\u003e  \u003cp\u003e7.4.3.                Innovation\u003c\/p\u003e  \u003cp\u003e7.4.4.                Confirmation of Availability of Funds\u003c\/p\u003e  \u003cp\u003e7.4.5.                Enhancing Competition\u003c\/p\u003e  \u003cp\u003e7.4.6.                Customer Protection\u003c\/p\u003e  \u003cp\u003e7.4.7.                Security\u003c\/p\u003e  \u003cp\u003e7.4.8.                Complaints Handling\u003c\/p\u003e  \u003cp\u003e7.5.   European Banking Authority (EBA) Work on PSD II\u003c\/p\u003e  \u003cp\u003e7.6.   Strong Customer Authentication (SCA)\u003c\/p\u003e  \u003cp\u003e7.6.1.                Exemptions for SCA\u003c\/p\u003e  \u003cp\u003e7.7.   Commentary\u003c\/p\u003e  \u003cp\u003e7.8.   References\u003c\/p\u003e  \u003cp\u003e\u003cb\u003e8.        \u003c\/b\u003e\u003cb\u003eFrom Transactions to Interactions: Social Considerations for Digital Money\u003c\/b\u003e\u003c\/p\u003e  \u003cp\u003e8.1.   Introduction\u003c\/p\u003e  8.2.   Affordances of Digital Money\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e8.3.   Opportunities for Interaction\u003c\/p\u003e  8.3.1.                Negotiating Payment\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e8.3.2.                Effects of Intermediation\u003c\/p\u003e  \u003cp\u003e8.3.3.                Collaborative Value Creation\u003c\/p\u003e  \u003cp\u003e8.4.   Social Impacts of Digital Transactions\u003c\/p\u003e  \u003cp\u003e8.4.1.                Sensitive Data Generation and Sharing\u003c\/p\u003e  \u003cp\u003e8.4.2.                Choice Proliferation\u003c\/p\u003e  \u003cp\u003e8.4.3.                Untangling Money and Payment System\u003c\/p\u003e  \u003cp\u003e8.5.   Conclusion\u003c\/p\u003e  \u003cp\u003e8.6.   References\u003c\/p\u003e  \u003cp\u003e\u003cb\u003e9.        \u003c\/b\u003e\u003cb\u003eToken-based Business Models\u003c\/b\u003e\u003c\/p\u003e  \u003cp\u003e9.1.   Introduction\u003c\/p\u003e  \u003cp\u003e9.2.   Native Digital Assets\u003c\/p\u003e  \u003cp\u003e9.3.   Crypto Tokens\u003c\/p\u003e  \u003cp\u003e9.4.   Token-based Business Models\u003c\/p\u003e  \u003cp\u003e9.5.   Driving Forces behind the Token-based Business Models\u003c\/p\u003e  \u003cp\u003e9.6.   Crypto Tokens to enhance the Sharing Economy\u003c\/p\u003e  \u003cp\u003e9.7.   References\u003c\/p\u003e  \u003cp\u003e\u003cb\u003e10.    \u003c\/b\u003e\u003cb\u003eBlockchain beyond Cryptocurrencies\u003c\/b\u003e\u003c\/p\u003e  10.1.    Introduction\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e10.2.    What is Blockchain?\u003c\/p\u003e  10.3.    Payments and Remittance\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e10.4.    Credit and Lending\u003c\/p\u003e  10.5.    Trading and Settlements\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e10.6.    Compliance\u003c\/p\u003e  10.7.    Conclusion and Avenues for Future Research\u003cp\u003e\u003c\/p\u003e  \u003cp\u003e10.8.    References\u003c\/p\u003e  \u003cp\u003e \u003c\/p\u003e","brand":"Springer Nature Switzerland AG","offers":[{"title":"Default Title","offer_id":48743021478231,"sku":"9783030023294","price":19.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9783030023294.jpg?v=1720063780"},{"product_id":"how-to-value-a-bank-from-licensing-to-resolution-9783031438714","title":"How to Value a Bank: From Licensing to Resolution","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eThis book gives an overview of the most common techniques used by analysts and experts to assess and value banks in all phases of a Bank’s life, from licensing to resolution. These include licensing procedures, going concern market valuation techniques, liquidation, and resolution methodologies. The author sheds light on financial institutions’ reporting and financial statements and explains how to interpret the data. Special attention is given to the different valuation approaches for financial institutions ranging from the basic PE and PBV methodologies to the more sophisticated ones such Discount cash flow (DCF), Dividend discount model (DDM), excess return models (EVA), and their variant, the warranted equity value (WEV) method. The authors also illustrate how to build a sum-of-the-parts model (SOTP) and how to treat capital in the process as well as developing a bottom-up approach for the cost of equity. The book provides numerous real-world examples which will hopefully help practitioners build their own MS Excel models. Furthermore, this publication investigates some of the critical aspects of banking M\u0026amp;A and its valuation implications.\u003c\/p\u003e  \u003cp\u003eThis book also takes a deep dive into valuation for Banks in gone concern status, describing the basis for three different types of valuation of Banks in resolution: to inform a decision on whether to put a bank into resolution; to inform the choice of resolution tools and the extent of any bail-in of liabilities; and to determine whether any creditors would have been better off had the bank gone into insolvency. Special attention is given to the valuation of non-performing loans (NPLs) and financial assets focusing on some operational aspects of winding-down a bank’s loan and trading book portfolio.\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eChapter 1. Introduction.- Chapter 2. Main Features of the Banking Business Model.- Chapter 3. Valuing a Bank in Going Concern.- Chapter 4. Banks M\u0026amp;a: Strategy and Valuation.- Chapter 5. Valuation in Resolution.- Chapter 6. Valuation in Liquidation.- Chapter 7. Loan Valuation.- Chapter 8. Financial Assets Valuation.- Chapter 9. Solvent Wind Down.","brand":"Springer International Publishing AG","offers":[{"title":"Default Title","offer_id":48743086260567,"sku":"9783031438714","price":75.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9783031438714.jpg?v=1720064050"},{"product_id":"the-quest-for-stable-money-central-banking-in-austria-1816-2016-9783593505350","title":"The Quest for Stable Money: Central Banking in","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eCaught up in the costly Napoleonic wars, Austria went into sovereign default in 1811. Five years later, the public authorities founded a national bank to be financed and run by private shareholders, the idea being that an independent bank would help rebuild trust in money. During the two hundred years that followed, the Oesterreichische Nationalbank grew from the treasury's banker-of-choice into a central bank, and from a private stock corporation into a public institution. Yet the challenges facing today's Nationalbank are a surprising echo of the past: How can it provide stable money? How far must central bank independence go? How does monetary policy making work in a multinational monetary union? Stretching from the Nationalbank's predecessor, the Wiener Stadtbanco, to Austria's integration into the European Union today, this engaging book provides the first extensive overview of Austria's monetary history.","brand":"Campus Verlag","offers":[{"title":"Default Title","offer_id":48743131808087,"sku":"9783593505350","price":28.8,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9783593505350.jpg?v=1720064250"},{"product_id":"banking-4-0-the-industrialised-bank-of-tomorrow-9789811660719","title":"Banking 4.0: The Industrialised Bank of Tomorrow","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThis book shows banking professionals how to leverage the best practices in the industry to build a structured and coordinated approach towards the digitization of banking processes.  It provides a roadmap and templates in order to industrialize the financial services firm over iterative cycles.\u003cbr\u003eTo achieve the planned business and revenue results at the optimal costs, the digital transformation has to be calibrated and coordinated across both the front and back office, scaled and timed against external innovation benchmarks and Fintechs. To this end, data collection and evaluation must be ingrained, banking-specific artificial intelligence methods must be included, and all digitization approaches must be harmonized on an iterative basis with the experience gained. Spread over several chapters, this book provides a calibration and coordination framework for the delivery of the digital bank 4.0. \u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eIntroduction- Evolution of Banking\u003cbr\u003eTactical Approach to the Industrialisation\u003cbr\u003eInvesting in Alignment of Industrialisation and Innovation Engines\u003cbr\u003eIndustrialising Data\u003cbr\u003eDeliver Digital Experience\u003cbr\u003eCloud Adoption- A Foundational Engine\u003cbr\u003eIndustrialise to Manage Changes in the External Environment\u003cbr\u003ePlatform Banking Business\u003cbr\u003eAPIs are the Public Persona of an Induatrialised Bank\u003cbr\u003eBIAN Framework to build Banking AI and Semantic APIs\u003cbr\u003eConversational Banking\u003cbr\u003eBanking AI as a Service.\u003cbr\u003e","brand":"Springer Verlag, Singapore","offers":[{"title":"Default Title","offer_id":48743291289943,"sku":"9789811660719","price":49.49,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9789811660719.jpg?v=1720064950"},{"product_id":"the-lords-of-easy-money-how-the-federal-reserve-broke-the-american-economy-9781982166649","title":"The Lords of Easy Money: How the Federal Reserve","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eThe \u003ci\u003eNew York Times \u003c\/i\u003ebestseller from business journalist Christopher Leonard infiltrates one of America’s most mysterious institutions—the Federal Reserve—to show how its policies spearheaded by Chairman Jerome Powell over the past ten years have accelerated income inequality and put our country’s economic stability at risk.\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eIf you asked most people what forces led to today’s unprecedented income inequality and financial crashes, no one would say the Federal Reserve. For most of its history, the Fed has enjoyed the fawning adoration of the press. When the economy grew, it was credited to the Fed. When the economy imploded in 2008, the Fed got credit for rescuing us. \u003cbr\u003e \u003cbr\u003eBut here, for the first time, is the inside story of how the Fed has reshaped the American economy for the worse. It all started on November 3, 2010, when the Fed began a radical intervention called quantitative easing. In just a few short years, the Fed more than quadrupled the money supply with one goal: to encourage banks and other investors to extend more risky debt. Leaders at the Fed knew that they were undertaking a bold experiment that would produce few real jobs, with long-term risks that were hard to measure. But the Fed proceeded anyway…and then found itself trapped. Once it printed all that money, there was no way to withdraw it from circulation. The Fed tried several times, only to see the market start to crash, at which point the Fed turned the money spigot back on. That’s what it did when COVID hit, printing 300 years’ worth of money in a few short months. \u003cbr\u003e \u003cbr\u003eWhich brings us to now: Ten years on, the gap between the rich and poor has grown dramatically, inflation is raging, and the stock market is driven by boom, busts, and bailouts. Middle-class Americans seem stuck in a stage of permanent stagnation, with wage gains wiped out by high prices even as they remain buried under credit card debt, car loan debt, and student debt. Meanwhile, the “too big to fail” banks remain bigger and more powerful than ever while the richest Americans enjoy the gains of a hyper-charged financial system. \u003cbr\u003e \u003cbr\u003e\u003ci\u003eThe Lords of Easy Money \u003c\/i\u003e“skillfully” (\u003ci\u003eThe Wall Street Journal\u003c\/i\u003e) tells the “fascinating” (\u003ci\u003eThe New York Times\u003c\/i\u003e) tale of how quantitative easing is imperiling the American economy through the story of the one man who tried to warn us. This is the first inside story of how we really got here—and why our economy rests on such unstable ground.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\"A fascinating page-turner....There’s something undeniably gratifying about an elegantly crafted morality tale — and the business reporter Christopher Leonard has written a good one....A fascinating and propulsive story about the Federal Reserve — yes, you read that right. Leonard, in the tradition of Michael Lewis, has taken an arcane subject, rife with the risk of incomprehensibility (or boredom), and built a riveting narrative in which the stakes couldn’t be any clearer.\"\u003cb\u003e– \u003ci\u003eThe New York Times\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e \"Skillfully tells the story of how, over several decades, a phalanx of economic sophisticates at the Fed have badly misunderstood the U.S. economy and often come up with policies that fail to produce the intended results.\" \u003cb\u003e– \u003ci\u003eThe Wall Street Jornal\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e \"A timely addition—appearing just as inflation is making headlines....Leonard writes vividly about a technical subject....By focusing on a regional banker, Leonard offers a refreshingly non-Washington view....The author is surely correct that many Americans view the Fed as an unelected power aligned with elites, perhaps contributing to the disaffection that exploded on Jan. 6, 2021.\"\u003cb\u003e– \u003ci\u003eThe Washington Post\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e \u003cb\u003e\u003ci\u003e\"\u003c\/i\u003e\u003c\/b\u003eIt’s tough to turn the nuances of monetary policy into personality-driven narrative. But Christopher Leonard has succeeded in doing just that with \u003ci\u003eThe Lords of Easy Money\u003c\/i\u003e....He turns [an] unassuming economist into the protagonist of a compelling tale about how the Federal Reserve changed the entire nature of the American economy... Weaving together narrative non-fiction with big ideas can be difficult. One of the best things about this book is that through Hoenig, Leonard, a business journalist, is able to tell the whole, complicated half-century story of how we got to where we are now in a way that isn’t at all wonky. There are real people here, making real decisions about the real world.\" \u003cb\u003e– \u003ci\u003eThe Financial Times\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e \"[A] bracing and closely reported chronicle....Leonard’s book is an indispensable account in many respects—his coverage of the invisible bailout of the repo market alone stands as a bracing case study in how the false pieties of quantitative easing directly stoked ruinous asset bubbles. But Leonard is also that rarest of financial reporters who conscientiously tracks the real-life consequences of the Olympian deliberations undertaken by the paper economy’s gatekeepers....richly reported, accessible, biting, and long-overdue.\" \u003cb\u003e– \u003c\/b\u003e\u003ci\u003e\u003cb\u003eThe New Republic\u003c\/b\u003e\u003c\/i\u003e\u003cbr\u003e \u003cbr\u003e \"The book is a timely read to understand what could happen next through a thorough analysis of what this policy intervention looks like on the ground.\"\u003cb\u003e–  \u003c\/b\u003e\u003ci\u003e\u003cb\u003eEnterprise: The State of the Nation\u003c\/b\u003e\u003c\/i\u003e\u003cbr\u003e \u003cbr\u003e \"We get his point and it is a good one. This has been an era of loose money and the benefits have been very unevenly distributed... The office politics of the Fed are well captured by Leonard, as is the intimidating physical setting.\"\u003cb\u003e – \u003ci\u003eThe New York Times\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e\"Leonard is skilled at explaining complicated financial maneuvering in a way normal people can understand... A good reminder of how uncertain a lot of monetary policy is.\" \u003cb\u003e–\u003c\/b\u003e\u003cb\u003e \u003ci\u003eThe Washington Free Beacon\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e“Leonard's wonderfully readable new book is about one of the most important, yet least covered and least understood, changes in American life. That's the effect of the dramatically increased role in financial markets played by the Federal Reserve. As Leonard convincingly argues, it might be nothing short of catastrophic.” \u003cb\u003e— Bethany McLean, \u003ci\u003eNew York Times \u003c\/i\u003ebestselling co-author of \u003ci\u003eThe Smartest Guys in the Room\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e “An essential, engrossing and, above all, human tale featuring the central banker who dared to dissent from the party line and a factory worker whose sufferings are traceable to that dissident’s failure to carry his case. A monetary page-turner? Christopher Leonard has actually produced one.” \u003cb\u003e— James Grant,\u003c\/b\u003e\u003cb\u003e founder and editor of\u003ci\u003e Interest Rate Observer\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e “Thanks to Leonard's gripping narrative, I now have a new monetary hero: former Fed governor Tom Hoenig. If, like me, you are desperate to understand how we got into this predicament, \u003ci\u003eThe Lords of Easy Money\u003c\/i\u003e is required reading.” \u003cb\u003e— William D. Cohan, \u003ci\u003eNew York Times \u003c\/i\u003ebestselling author of\u003ci\u003e House of Cards \u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e “Leonard’s richly reported and provocative exploration will have you reassessing whether the Fed built on a solid foundation or on air.”\u003cb\u003e— Jesse Eisinger, Pulitzer Prize winning author of\u003ci\u003e The Chickenshit Club \u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e “An eye-opener. Well-researched and engaging, it brings to life consequential issues that influence the current and future wellbeing of most Americans... How this journey ends has important implications not just for the United States but also globally.” \u003cb\u003e—\u003c\/b\u003e\u003cb\u003e Mohamed A. El-Erian, \u003c\/b\u003e\u003cb\u003e\u003ci\u003eNew York Times \u003c\/i\u003ebestselling author of \u003ci\u003eThe Only Game in Town \u003c\/i\u003eand president of Queens’ College, Cambridge University.\u003c\/b\u003e","brand":"Simon \u0026 Schuster","offers":[{"title":"Default Title","offer_id":48861610606935,"sku":"9781982166649","price":9.49,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781982166649.jpg?v=1722247506"},{"product_id":"the-hour-between-dog-and-wolf-9780007413522","title":"The Hour Between Dog and Wolf","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eNow shortlisted for the 2012 Financial Times Business Book of the Year Award and the Wellcome Trust Book Prize, The Hour Between Dog and Wolf is a resonant exploration of economic behaviour and its consequences.Shortlisted for the 2012 Financial Times and Goldman Sachs Business Book of the Year Award and the Wellcome Trust Book Prize, this startling and unconventional book from neuroscientist and former Wall Street trader John Coates shows us the bankers in their natural environment, revealing how their biochemistry has a lasting and significant impact on our economy.We learn how risk stimulates the most primitive part of the banker's brain and how making the deals our bank balances depend on provokes an overwhelming fight-or-flight response. Constant swinging between aggression and apprehension impairs their judgment, causing economic upheaval in the wider world. The transformation between each split-second decision is what Coates calls the hour between dog and wolf, and understanding\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e‘This brilliant book shows how human biology contributes to the alternating cycles of irrational exuberance and pessimism that destabilise banks and the global economy – and how the system could be calmed down by applying biological principles … Should be top of the summer reading list for Jamie Dimon, chief executive of JPMorgan, and anyone else wondering why traders so often get banks into trouble’ Financial Times\u003c\/p\u003e           \u003cp\u003e‘This stunning book… should be compulsory reading for anyone concerned about the behaviour of those involved in the lying and manipulation of those involved in the lying and manipulation of successive banking scandals’ Mail on Sunday\u003c\/p\u003e           \u003cp\u003e‘If Coates is right- the evidence he presents is compelling- then the financial; crises that so frequently plague capitalism find their roots in human biology’ New Scientist Magazine\u003c\/p\u003e           \u003cp\u003e‘The picture of humans as rational economic machines has gone down the tubes. This book looks at the biology of why Homo economicus is a myth, and no one is better positioned to write this than Coates – he is a neuroscientist and an economist and an ex-Wall Street trader and a spectacular writer. A superb book’ Robert Sapolsky, Professor of Neurology, Stanford University, and author of Why Zebras Don't Get Ulcers\u003c\/p\u003e           \u003cp\u003e‘A terrific read – better than any amount of economic analysis because it explains what lies at the root of economic disaster – those biological drivers that cause sane and clever people to make catastrophic decisions. Every banker should be made to read it!’ Rita Carter, author of Mapping the Mind\u003c\/p\u003e           \u003cp\u003e‘It makes intuitive sense that biological responses inform the mood of the markets. This book puts flesh on that idea’ Economist\u003c\/p\u003e","brand":"HarperCollins Publishers","offers":[{"title":"Default Title","offer_id":48863844139351,"sku":"9780007413522","price":11.69,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780007413522.jpg?v=1722269284"},{"product_id":"the-spider-network-9780062452993","title":"The Spider Network","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e","brand":"HarperCollins Publishers Inc","offers":[{"title":"Default Title","offer_id":48864084263255,"sku":"9780062452993","price":15.29,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780062452993.jpg?v=1722270317"},{"product_id":"financial-times-guide-to-banking-the-9780273791829","title":"Financial Times Guide to Banking The","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cstrong\u003eGlen Arnold \u003c\/strong\u003eis the author of \u003ci\u003eCorporate Financial Management\u003c\/i\u003e, \u003ci\u003eFinancial Times Guide to Value Investing\u003c\/i\u003e 2e, \u003ci\u003eThe Handbook of Corporate Finance, \u003c\/i\u003e \u003ci\u003eFT Guide to Investing\u003c\/i\u003e, 2e, \u003ci\u003eThe FT Guide to the Financial Markets \u003c\/i\u003eand \u003ci\u003eThe Great Investors\u003c\/i\u003e. \u003ci\u003eFT Guide to Investing \u003c\/i\u003eis the most successful book in the personal finance section of Total Consumer Market.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003ci\u003eAbout the author\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003ePreface\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eAuthor's acknowledgements\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003ePublisher's acknowledgements \u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003ePART 1  DIFFERENT TYPES OF BANKING\u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003eChapter 1   What is banking?  \u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003eChapter 2   An overview of different aspects of banking\u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003eChapter 3 Retail banking  \u003c\/p\u003e \u003cp\u003e   \u003c\/p\u003e \u003cp\u003eChapter 4 Transferring money and other retail bank services  \u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003eChapter 5  Corporate banking: lending\u003c\/p\u003e \u003cp\u003e  \u003c\/p\u003e \u003cp\u003eChapter 6  Corporate banking: key activities\u003c\/p\u003e \u003cp\u003e  \u003c\/p\u003e \u003cp\u003eChapter 7 How a bank operates\u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003eChapter 8  Asset and liability management\u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003eChapter 9  Bank financial statements  \u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003eChapter 10 Investment banking: services to companies and governments  \u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003eChapter 11 Investment banking: market trading activities \u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003eChapter 12 The mutuals  \u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003eChapter 13 Finance houses \u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003ePART 2 INTERNATIONAL BANKING\u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003eChapter 14 Banking across borders\u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003eChapter 15 UK banking\u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003eChapter 16 European banking\u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003eChapter 17 Banking in the Americas\u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003eChapter 18 Banking in Asia and Australasia\u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003eChapter 19 Banking in the Middle East and Africa\u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003ePART 3 INSTRUMENTS AND MARKETS\u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003eChapter 20  Debt markets  \u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003eChapter 21 Futures markets \u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003eChapter 22 Swaps and options \u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003eChapter 23  Foreign exchange markets\u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003ePART 4   CENTRAL BANKING AND REGULATION\u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003eChapter 24   Monetary policy  \u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003eChapter 25   Central banking: other functions   \u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003eChapter 26  Regulation \u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003e\u003ci\u003eNotes to chapters\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eIndex\u003c\/i\u003e \u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003e\u003cb\u003e \u003c\/b\u003e\u003c\/p\u003e","brand":"Pearson Education Limited","offers":[{"title":"Default Title","offer_id":48864315933015,"sku":"9780273791829","price":30.39,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780273791829.jpg?v=1722271375"},{"product_id":"the-best-way-to-rob-a-bank-is-to-own-one-9780292754188","title":"The Best Way to Rob a Bank is to Own One","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eNow updated with an extensive afterword that reveals how the bank failures of 2008 resulted from the lack of regulatory oversight discussed in this book, here is the acclaimed insider's account of how financial super predators brought down an industry by\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\"This is an extraordinary book... No other account gives a complete picture of the control fraud that occurred in the S \u0026amp; L crisis... There is no one else in the whole world who understands so well exactly how these lootings occurred in all their details and how the changes in government regulations and in statutes in the early 1980s caused this spate of looting... This book will be a classic.\" George A. Akerlof, University of California, Berkeley, winner of the 2001 Nobel Prize for Economics\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cul\u003e\n\u003cli\u003eAbbreviations\u003c\/li\u003e\n\u003cli\u003ePreface\u003c\/li\u003e\n\u003cli\u003eAcknowledgments\u003c\/li\u003e\n\u003cli\u003eChapter 1. Theft by Deception: Control Fraud in the S\u0026amp;L Industry\u003c\/li\u003e\n\u003cli\u003eChapter 2. “Competition in Laxity”\u003c\/li\u003e\n\u003cli\u003eChapter 3. The Most Unlikely of Heroes\u003c\/li\u003e\n\u003cli\u003eChapter 4. Keating’s Unholy War against the Bank Board\u003c\/li\u003e\n\u003cli\u003eChapter 5. The Texas Control Frauds Enlist Jim Wright\u003c\/li\u003e\n\u003cli\u003eChapter 6. “The Faustian Bargain”\u003c\/li\u003e\n\u003cli\u003eChapter 7. The Miracles, the Massacre, and the Speaker’s Fall\u003c\/li\u003e\n\u003cli\u003eChapter 8. M. Danny Wall: “Child of the Senate”\u003c\/li\u003e\n\u003cli\u003eChapter 9. Final Surrender: Wall Takes Up Neville Chamberlain’s Umbrella\u003c\/li\u003e\n\u003cli\u003eChapter 10. It’s the Things You Do Know, But Aren’t So, That Cause Disasters\u003c\/li\u003e\n\u003cli\u003eAfterword\u003c\/li\u003e\n\u003cli\u003eAppendix A. Keating’s Plan of Attack on Gray and Reregulation\u003c\/li\u003e\n\u003cli\u003eAppendix B. Hamstringing the Regulator\u003c\/li\u003e\n\u003cli\u003eAppendix C. Get Black ... Kill Him Dead\u003c\/li\u003e\n\u003cli\u003eNotes\u003c\/li\u003e\n\u003cli\u003eNames and Terms\u003c\/li\u003e\n\u003cli\u003eReferences\u003c\/li\u003e\n\u003cli\u003eIndex\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"University of Texas Press","offers":[{"title":"Default Title","offer_id":48864321962327,"sku":"9780292754188","price":17.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780292754188.jpg?v=1722271405"},{"product_id":"bagehot-9780393609196","title":"Bagehot","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThe definitive biography of a banker, essayist and editor of the Economist, by an acclaimed financial historian.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\"The most perceptive and brilliant economic and political writer of his time deserves a biographer of equal literary merit. In James Grant, Walter Bagehot has found him.\" -- Mervyn King, former governor of the Bank of England and author of The End of Alchemy\u003cbr\u003e\"James Grant [is] one of the most influential contemporary commentators on Wall Street... in Grant’s hands, Bagehot’s life and career provide a superb prism through which to observe the extraordinary revolution in the British economy during the 19th century.\" -- Simon Nixon - The Times\u003cbr\u003e\"The book makes a convincing case that Bagehot deserves credit for being a progenitor of a wider political tradition...\" -- Moneyweek\u003cbr\u003e\"A gem of a book: entertaining, wry, and gloriously eccentric.\" -- Sebastian Mallaby - Foreign Affairs\u003cbr\u003e\"... excellent... biography\" -- Benjamin Schwarz - The International New York Times\u003cbr\u003e\"... engaging new biography of Bagehot... In this very enjoyable book, Grant demonstrates that he has the measure of a fascinating—and great—Victorian. \" -- Financial Times\u003cbr\u003e\"... his [James Grant's] book is excellent—built on a lot of study (including time in the archives) and written in a gripping style. Mr Grant is at his best when writing about Bagehot’s financial journalism and indeed his career as a banker. His accounts of the collapse of Overend Gurney, supposedly the Rock of Gibraltar of Victorian finance, and of “Lombard Street”, Bagehot’s book about that debacle, are exemplary.\" -- The Economist","brand":"WW Norton \u0026 Co","offers":[{"title":"Default Title","offer_id":48864549241175,"sku":"9780393609196","price":22.79,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780393609196.jpg?v=1722272426"},{"product_id":"one-good-trade-9780470529409","title":"One Good Trade","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eAn inside look at what it really takes to become a better trader  A proprietary trading firm consists of a group of professionals who trade the capital of the firm. Their income and livelihood is generated solely from their ability to take profits consistently out of the markets.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003ePreface vii\u003c\/p\u003e \u003cp\u003eAcknowledgments xi\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I Inside a Prop Trading Firm 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 1 These Guys Are Good 3\u003c\/p\u003e \u003cp\u003eChapter 2 One Good Trade 31\u003c\/p\u003e \u003cp\u003eChapter 3 A Good Fit 53\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Tools of Success 83\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 4 Pyramid of Success 85\u003c\/p\u003e \u003cp\u003eChapter 5 Why Traders Fail 117\u003c\/p\u003e \u003cp\u003eChapter 6 Live to Play Another Day 141\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III Getting Technical 163\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 7 Stocks In Play 165\u003c\/p\u003e \u003cp\u003eChapter 8 Reading the Tape 193\u003c\/p\u003e \u003cp\u003eChapter 9 Maximizing Your Profits with Scoring 223\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV The Trader’s Brain 249\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 10 Trader Education 251\u003c\/p\u003e \u003cp\u003eChapter 11 The Best Teacher 285\u003c\/p\u003e \u003cp\u003eChapter 12 Adapt to the Markets 305\u003c\/p\u003e \u003cp\u003eChapter 13 The Successful Trader 335\u003c\/p\u003e \u003cp\u003eBibliography 339\u003c\/p\u003e \u003cp\u003eAbout the Author 347\u003c\/p\u003e \u003cp\u003eIndex 349\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":48864631390551,"sku":"9780470529409","price":40.8,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780470529409.jpg?v=1722272816"},{"product_id":"plight-of-the-fortune-tellers-9780691148175","title":"Plight of the Fortune Tellers","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eArgues that we must restore genuine decision-making to our financial planning. Presenting a financial model that uses probability, experimental psychology, and decision theory, this title challenges us to rethink the standard wisdom about risk management.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\"[Plight of the Fortune Tellers] is timely... [I]t provides a relatively accessible guide to annoyingly influential statistical theories, and it makes you think.\"--Financial World \"A fascinating read... Rebonato writes in an engaging prose that is free of mathematics, yet intellectually rigorous. He provides a top-level view of risk management, founded on real-world situations.\"--Philippe Jorion, Journal of Economic Literature \"[Plight of the Fortune Tellers] was written to appeal to a wide audience. Stylistically, Rebonato is an engaging writer who uses analogies and interesting examples...I'm confident you'll enjoy this book and that, after reading it, you will join in the dialog that Rebonato has started.\"--Garp Risk Review \"In his new book, Plight of the Fortune Tellers, Rebonato shows... why Merrill Lynch and Citigroup shareholders are right to be concerned. Nowhere have I read a better account of how a conscientious, intellectually disciplined market risk manager approaches his work in today's complex world. Well known to Risk readers as a master of interest rate modeling, Rebonato has written an accessible, non-technical book.\"--Nicholas Dunbar, Risk \"In Plight of the Fortune Tellers, Rebonato analyzes and offers solutions to problems related to quantitative risk management strategies and the value-at-risk (VAR) methodology currently used by financial managers. Through stories, examples, theory, and practical methods, he first provides a critical review of the current state of affairs in investment risk management. Then, he proposes how we should 'revisit our ideas about probability in financial risk management' and 'put decision making back at center stage.' In Plight of the Fortune Tellers contains valuable insights into the development of VAR methodology and problems associated with its use in the present financial management arena... In Plight of the Fortune Tellers is a book recommended for practitioners currently involved in quantitative methods and for students of investments and risk management at the graduate school level.\"--James Jackson, CFA Digest \"This is an enjoyable, approachable book that may be read by anyone with an analytical mind. It is free of mathematics, yet it makes no concessions when it comes to explaining the complexities of a problem...I found a flowing prose that was a pleasure to read...[P]light of the Fortune Tellers is a great wake-up call for the industry. It deserves to be widely read since we all would like to be able to rely on the stability of the financial sector. It would be nice to get the risk management right.\"--Jessica James, Physics World \"Remember that feeling of bewilderment after your first few weeks in your first job after university? That wrenching realization that, while the theories that you had laboured to understand may have been illuminating, they were too abstract to be applied to the real world? Reading Riccardo Rebonato's intriguing book brings those memories flooding back. For while Rebonato well understands, approves of, and writes about quantitative probability and risk theory, his day job involves actually managing financial risk. Hence he appreciates the limits both of theory and of applying it to real world situations... There is considerably more meat in this wise, practical, yet unpretentious book than can be summarized in a short review.\"--John Llewellyn, The Business Economist \"Riccardo Rebonato is a better fortuneteller than the risk analysts he writes about. He has read the palms of the 'quants' who revel in developing ever more complex risk models and found that their 'real life' line is rather short. But apart from confirming the prejudices of a financial journalist with no statistical training, is this book worth reading? The answer is yes. It is timely; the subject--financial risk management--matters hugely; it provides a relatively accessible guide to annoyingly influential statistical theories; and it makes you think.\"--Financial World online \"Plight of the Fortune Tellers is insightful and entertaining. It provides a non-technical yet sophisticated introduction to the perils of modern risk management and it has the potential to lead us in a better direction. Don't miss it.\"--Lisa R. Goldberg, Journal of Investment Management \"This book should be on the reading list of experienced risk managers in the financial services industry as well as students who are contemplating a career in the field. It provides a thoughtful qualitative companion to more equation-laden texts on modern risk management.\"--Moshe A. Milevsky, Journal of Pension Economics and Finance \"Plight of the Fortune Tellers is the best non-specialist introduction to quantitative financial risk management I have found.\"--Danny Reviews \"This is an interesting book for managers or regulators whose responsibilities include oversight of finance.\"--Wan Lixin, Shanghai Daily\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003ePreface to the Paperback Edition ix Preface xxxi Acknowledgments xlix Chapter 1: Why This Book Matters 1 Chapter 2: Thinking about Risk 22 Chapter 3: Thinking about Probabilities 40 Chapter 4: Making Choices 67 Chapter 5: What Is Risk Management For? 107 Chapter 6: VaR \u0026amp; Co: How It All Started 117 Chapter 7: Looking Beneath the Surface: Hidden Problems 139 Chapter 8: Which Type of Probability Matters in Risk Management? 182 Chapter 9: The Promise of Economic Capital 199 Chapter 10: What Can We Do Instead? 223 Endnotes 259 Index 267","brand":"Princeton University Press","offers":[{"title":"Default Title","offer_id":48865523990871,"sku":"9780691148175","price":19.8,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780691148175.jpg?v=1722274381"},{"product_id":"the-subprime-solution-9780691156323","title":"The Subprime Solution","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThe subprime mortgage crisis has already wreaked havoc on the lives of millions of people and now it threatens to derail the US economy and economies around the world. In this book, the author reveals the origins of this crisis and puts forward bold measures to solve it.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eRobert J. Shiller, Co-Winner of the 2013 Nobel Prize in Economics Winner of the 2009 Bronze Medal in Finance\/Investment\/Economics, Independent Publisher Book Awards Honorable Mention for the 2008 Award for Excellence in Business, Finance and Management, Association of American Publishers \"One man who does have some ideas is the Yale economist Robert Shiller, who would merit attention if only for the fact that he predicting the bursting of the Internet bubble, in 2000, with his book Irrational Exuberance, then discussed at length the dangers of systematic risk in his next, The New Financial Order. Now, in The Subprime Solution--published in [2008], after the start of the meltdown, but before the full scale of the disaster had become manifest--he comes up with a set of startlingly counterintuitive suggestions about what to do next.\"--John Lanchester, The New Yorker \"With The Subprime Solution, Robert J. Shiller offers his formula to protect us from repeating such disasters: more financial engineering. It would be easy to sneer at this idea, but Mr. Shiller, an economics professor at Yale University, always deserves a hearing... In what he describes as a 'brief manifesto,' Mr. Shiller argues that bailouts of distressed borrowers are inevitable to avoid wrecking our economy and shredding our social fabric--even though bailouts may punish the prudent (say, through higher taxes) while comforting those who gambled on real estate and lost.\"--James R. Hagerty, Wall Street Journal \"Irrational exuberance, or the 'social contagion of boom thinking,' is ... the subject of Shiller's new book, The Subprime Solution, a slim but valuable addition to the growing literature on the ongoing collapse of the housing market.\"--Max Fraser, The Nation \"In The Subprime Solution, [Shiller] briskly sketches out his views on both short-term and long-term strategies for dealing with a housing meltdown that's left millions of Americans a lot less wealthy--and an unfortunate number at risk for losing their homes... The book's most compelling discussion centers on the long-term opportunities that lie in this crisis. Shiller describes how key parts of America's financial system--the Federal Reserve, the Securities and Exchange Commission, and the FDIC, to name only three--were created in the reforms after earlier bank crises or the Great Depression... Shiller suggests that political leaders should look at the current crisis as an opportunity to rethink the homebuying process and add new protections to keep homeowners from getting in over their heads during a future bubble.\"--Daniel McGinn, Newsweek.com \"Yale University's Robert Shiller is one of the world's outstanding economic thinkers and intellectual innovators, with a record of foresight that is the envy of his profession... His short, snappy and surprisingly far-reaching book on the subprime crisis is as interesting and indispensible as you would expect... The Subprime Solution is an ambitious little volume... It covers a remarkable amount of ground in less than 200 pages... [T]he book's broad framing of the issues is novel and valuable, and its arguments are always stimulating... Shiller ... is an ardent financial-technology optimist, and his book is a torrent of fascinating ideas. Anybody interested in the subject must profit from reading it.\"--Clive Crook, Financial Times \"In his new book, The Subprime Solution, the Yale University professor sounds an alarm that the credit crunch, now early in its second year, poses a dire risk. His text is a stimulating, rapid response to current events--and a forceful demand for dramatic action from Washington, where, he says, the White House and Congress have been 'totally inadequate' to the task... [A] storehouse of valuable, provocative ideas awaits the reader of The Subprime Solution.\"--Christopher Farrell, BusinessWeek \"[The Subprime Solution is] a lucid primer on how we slipped into this money pit and what it might take to clamber out of it... Shiller is sometimes called a Cassandra, and his prophesies about the dot-com and housing bubbles did come true. Yet in these pages he sounds more like a visionary optimist who considers today's emergency to be a grand opportunity.\"--James Pressley, Bloomberg News \" [I]t's an interesting book... [S]hiller convinced me ... that bailing out banks and borrowers who've been clobbered might be the right thing to do.\"--Dan Pink, danpink.com \"Robert J. Shiller explains how trillions of dollars of mortgage debt, based on dubious loans to doubtful borrowers, were forfeited and how it can be fixed. An influential economist, he offers insights into the growth of the credit bubble and solutions for curing the ensuing chaos... Shiller's reputation in economics, his majestic prose style, his statistical proofs and his vast coterie of admirers suggest that at least some of his recommendations will become part of U.S. mortgage regulation... For those who want to figure out how to fix the global credit crisis that has developed as a result of Americans' inability or unwillingness to read their mortgage contracts, The Subprime Solution is vital reading. It is advocacy built on faith that government does good, that intervention never produces unintended results and that there is no other way to fix the mortgage mess.\"--Andrew Allentuck, The Globe \u0026amp; Mail \"What sets Shiller apart--brilliantly apart--from other analysts of the housing bubble are the sharpness of his diagnoses and the creativity of his solutions. These are the core of his excellent new book, The Subprime Solution... [A] brilliant and radical--but not implausible--perspective on putting the Humpty Dumpty that is American finance together again.\"--Arvind Subramanian, Forbes.com \"In The Subprime Solution, which he wrote just as the system was beginning to implode, he says that what is needed now is the next stage of financial innovation, not constriction...He also sees government intervention as vital to channel animal spirits and innovation...In essence, Shiller is laying the intellectual groundwork for the next financial revolution.\"--Zachary Karabell, Newsweek \"In The Subprime Solution, he argues that what united the missteps by the Federal Reserve, mortgage brokers, Wall Street bankers, and home buyers that together brought on the current financial mess was a shared belief that house prices never go down. What's the antidote to that kind of mass delusion? Shiller seems to have no interest in substituting his judgment, or the government's, for the market's. Instead, he sees information and innovation as the counter to group think.\"--Justin Fox, Time \"Robert J. Shiller's clear-eyed look at what happened in the U.S. housing market--and what might be done about it--is not keen to attribute blame to the actors in the drama. He explains that the development of subprime mortgages in the Nineties was welcomed as a way of extending home ownership to those once locked out of the market, and it was not the dishonesty of the mortgage lenders, or the greed of bankers, that led to the bubble. There was dishonesty and greed, but these were the result of the bubble, not its cause.\"--Tim Worstall, The Telegraph \"American optimism: Is there any investment bubble it can't fuel? Consider the excesses of the housing market, the effects of which are roiling the global economy. As Yale University economist Robert Shiller demonstrates in his short, whip-smart new book The Subprime Solution, there was a contagion at work that helped pushed home prices to unsustainable levels... Shiller's views are grounded in exhaustive research and penetrating analysis. The Subprime Solution should be read by anyone with assets at risk in the global financial crisis and a desire to fix things ahead of the next crisis. Which is to say, all of us.\"--Robert Elder, Austin American-Statesman \"Robert Shiller's got an argument that will make some peoples' heads explode in his new book The Subprime Solution--we need more speculation in the housing market... I said above that this solution will make some peoples' heads explode, that the solution to an excess of speculation is to create a market in yet more speculation. Yet in this case ti is indeed true, this is a valid solution.\"--Tim Worstall, The Register \"[The Subprime Solution] is short, punchy and political. Shiller is a top-flight academic economist who has often warned of the tendency of markets towards irrational exuberance, and of the harmful consequences that follow. He is rightly scathing towards the 'boosters' who kept assuring us that house prices only rise, and he gains authority for having spoken out during the boom, when it was an unpopular position to hold... Shiller's debunking of house price myths is masterful. Especially important is his rubbishing of the concept of scarcity ... Shiller's explanations are sophisticated and intelligent, and they are also admirably clear.\"--Michael Savage, Fund Strategy \"The Subprime Solution, his postmortem on irrational exuberance in the real estate market, is superb, even for general-interest readers otherwise confused by the whole mess. Though his introduction reads a bit like an arid position paper, his insistence on the fundamentally psychological, rather than economic, basis of the boom is supple and fascinating.\"--Andrew Rosenblum, New York Observer \"If you're unfamiliar with Robert Shiller then understand that he is perhaps the most eminent and considered examiner of modern investment bubbles... Shiller's new book, The Subprime Solution, is a concise attempt to elaborate in just seven short chapters the genesis of the housing bubble, explode its myths, explore its scale and the dangers of its deepening impact, assert the need to maintain confidence in our economic and financial institutions by aggressive action, and then explore longer-term, more fundamental reforms and innovations that will create a population much more attuned to economic risk... There are many more recommendations, but if this book has the ambition of Keynes' earlier work, and the scale of the problem is as suggested, I'd argue that the book is as accessible as you are going to get from such a modern behavioural economics guru. It's a book that everyone who lives in a house should own; just don't buy ten and try to rent them out to friends.\"--The Knackered Hack \"In his latest work, The Subprime Solution, Shiller explains that greater financial 'democracy' and a 'contagion of ideas' led many to conclude a 'new era' had been reached in real estate. The public expected prices to rise continually. Worse, Shiller wrote: 'The very people responsible for oversight were caught up in the same high expectations for future prices.'... Shiller's The Subprime Solution is well worth the read for individuals and private enterprise looking to understand current real estate bubble. It should be required reading for public policy makers who need to take immediate action to solve the subprime crisis.\"--John Fout, TheStreet.com \"Like the financial bubble in technology stocks that exploded in 2000, real estate investors acted on unrealistic assumptions that prices could only go up. In the aftermath, Shiller's recommendation to policy makers is 'Mend It, Don't End It.' He advises regulatory modifications and greater financial disclosure from all players in the complex mortgage-banking process.\"--Kevin G. Hall, McClatchy Newspapers \"In [The Subprime Solution], he provides the ignoramuses on Wall Street, asleep-at-the-switch regulators and dumbfounded investors worried about their savings with a stark insight to digest over the last two weeks of summer: 'We as a society do not understand or know how to deal with speculative bubbles.'\"--Robert Lenzner, Forbes.com \"In his now-famous 2005 book, Irrational Exuberance, Second Edition, Yale professor and economist Robert Shiller predicted a boom and bust in real estate would have terrifying global ramifications. He was mocked by realtors, but global bank failures and the bailout of Fannie Mae and Freddie Mac have proved him dead on. Now Shiller strikes again with The Subprime Solution, his suggestion for sweeping economic reform to get us out of this mess.\"--Katie Benner, Fortune \"While initially providing a short and concise understanding of the subprime fiasco, Shiller goes on to investigate the various financial collapses over the years and the history of recent housing arrangements, searching for clues that might inspire a universal remedy to our current predicament... Along the way, the narrative, which skips along without being fussy or intrusive, also emphasises the characteristics, psychology and lifespan of the bubble--be it financial, IT or housing--and how the way we've changed the way we think 'is the deepest cause' of the current variant of the malignancy.\"--Paul O'Doherty, The Investor \"[Shiller] offers a primer on the history of home prices, roots of subprime lending and a road map of what to do now. The book is at its best when explaining how so few in authority imagined what has come to pass. Shiller says they were filled with same housing boom faith held by the public.\"--Jim Wasserman, The Sacramento Bee \"In his latest book, The Subprime Solution, he briefly but deftly dissects how easy credit, lack of government oversight and human behavior allowed the subprime bubble to inflate. Shiller's understanding of human behavior is the book's genius, both in the diagnosis and the proposed cures.\"--Robert Frick, Kiplinger's \"For a closer examination of the crisis, there's The Subprime Solution by Yale University economist Robert J. Shiller, the bestselling author of Irrational Exuberance. In his new book, Shiller focuses more tightly on the stock market bubble of the 1990s and the housing bubble of the last seven years, which led lenders to loosen requirements for loans and resell these questionable loans in the subprime market. He shows how the bubble, when overheated housing prices cooled and asset values fell, burst and led directly to the subprime mortgage crisis that torpedoed the credit markets and with them stock markets worldwide.\"--Geeta Sharma-Jensen, Milwaukee Journal-Sentinel \"In this slim volume, Shiller not only describes the problem but also places equal emphasis on various proposals to correct it. Rather than viewing the subprime meltdown and credit contraction as a handwringing crisis, he sees it as an opportunity to initiate institutional reforms that will ensure against repeat failures and extend opportunities for home ownership... An important, timely book.\"--E.L. Whalen, Choice \"Reading Shiller also makes me optimistic. Ever the contrarian, he's convinced that, used properly, the new financial technologies that have such a bad name right now will make us all much better off in the long run. In particular, he's working on ways ordinary folk can get out from under the now standard but truly bizarre investment custom in which most of us sink most of our net worth into a single piece of real estate. What kind of sensible diversification is that? What Shiller proposes is the market-led 'democratization of finance.' Coming from anyone else you'd think it was a scam. But read his book and you'll end up feeling strangely optimistic, despite the enveloping gloom.\"--William Watson, Montreal Gazette \"The Subprime Solution is an easy read at less than 200 pages. People seeking to understand the cause of the housing bubble, and those wanting to consider short- and long-term solutions would be well-served reading it.\"--Bill Freehling, Fredricksburg Free Lance-Star \"The book is not so much an analysis of the subprime crisis as an essay that ruminates on the genesis and evolution of financial bubbles in general and housing bubbles in particular. Shiller believes correctly that economists, in their emphasis on rational decision-making, have confused desired outcomes with actual outcomes--and have paid far too little attention to the reality of swings in social sentiments that can move market prices far from sustainable levels.\"--Richard N. Cooper, Foreign Affairs \"This is an important book from a distinguished academic... The book offers a coherent alternative to policy makers. They should consider its recommendations very seriously.\"--Shamik Dhar, The Business Economist \"[T]his is an exciting book that is to be read under the current market condition. It provides us some hope of correcting the existing problems, so as to have a brighter future.\"--Ye Xu, Journal of Property Investment \u0026amp; Finance \"Policymakers, and students of financial history, money and macroeconomics, will find much of value in Shiller's assessment of the subprime debacle.\"--Oscar T. Brookins, Eastern Economic Journal\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003ePreface to the Paperback Edition ix  Acknowledgments xxv  Chapter 1 Introduction 1  Chapter 2 Housing in History 29  Chapter 3 Bubble Trouble 39  Chapter 4 The Real Estate Myth 69  Chapter 5 A Bailout by Any Other Name 87  Chapter 6 The Promise of Financial Democracy 115  Chapter 7 Epilogue 171  Index 179","brand":"Princeton University Press","offers":[{"title":"Default Title","offer_id":48865528021335,"sku":"9780691156323","price":12.34,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780691156323.jpg?v=1722274400"},{"product_id":"virtuous-bankers-9780691194745","title":"Virtuous Bankers","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\"A Financial Times Book to Read in 2023\"\u003cbr\u003e\"This is a model of economic history, acute, profound and diverting.\"\u003cb\u003e---Ferdinand Mount, \u003ci\u003eLondon Review of Books\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\"[\u003ci\u003eVirtuous Bankers\u003c\/i\u003e] is compelling\u003ci\u003e \u003c\/i\u003eand lively, and will please both academic and general readers. . . . 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Her book will be of interest not only to specialists, but also to anyone interested in how Britain’s financial system evolved.\"\u003cb\u003e---Matthew Partridge, \u003ci\u003eMoney Week\u003c\/i\u003e\u003c\/b\u003e","brand":"Princeton University Press","offers":[{"title":"Default Title","offer_id":48865543749975,"sku":"9780691194745","price":27.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780691194745.jpg?v=1722274480"},{"product_id":"the-story-of-silver-9780691208695","title":"The Story of Silver","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\"One of the Financial Times' Summer Books of 2019: History\"\u003cbr\u003e\"One of the Financial Times' Best Books of 2019: History\"","brand":"Princeton University Press","offers":[{"title":"Default Title","offer_id":48865547583831,"sku":"9780691208695","price":15.29,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780691208695.jpg?v=1722274502"},{"product_id":"rigged-9780750998857","title":"Rigged","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eA cover-up at the highest level on both sides of the Atlantic. Evidence implicating bank bosses, central banks and governments in criminality. Whistleblowers wrongly jailed in a series of miscarriages of justice. This is the shocking true story of interest rate rigging.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eOne of the most powerful and shocking stories I've ever read - a real blood-boiler. Andy Verity, one of the BBC's top financial reporters, exposes with shining clarity one of the greatest scandals of modern times... in a modern-day version of the Salem witch trials, the financial and political establishment in Britain and America worked together to ruin the lives of 37 low-level City traders. They were sentenced to huge jail terms for crimes which were at best minor, and may never have committed at all. Meanwhile, famous and powerful figures in the City and Whitehall who seem to have committed far worse offences, escaped unscathed. This book shows the Establishment in Britain and the US at its very worst. It has totally destroyed my faith in British and American justice.\u003c\/p\u003e -- Michael Crick\u003cbr\u003e\u003cp\u003eIf you’ve ever suspected the banking system of operating in someone else’s interest than yours, you’re right. It is a world of clever, amoral young people endlessly searching for ways to bend the rules. We badly need men in white hats to control them. Verity mercilessly demonstrates we ain’t got ‘em. Andy Verity is a reporter’s reporter. If only there were more like him.\u003c\/p\u003e -- Jeremy Paxman\u003cbr\u003e\u003cp\u003eAndy has always been an uncompromising journalist, and he's fought to tell a dystopian tale of a lowballing scandal at the top of financial society. I suspect reading the details will be eye popping.\u003c\/p\u003e -- Martin Lewis\u003cbr\u003e\u003cp\u003eA brilliant and compelling account of a huge establishment cover-up. The stories of low-level traders who found themselves expendable are brutal and heart-rending. I was prepared to hear that the big beasts of the banking world protected themselves at the expense of those further down the food chain, I was less prepared for the revelations that official UK institutions appeared to contribute to the miscarriages of justice Verity brings to life.\u003c\/p\u003e -- Victoria Derbyshire\u003cbr\u003e\u003cp\u003eA truly shocking story of collusion, conspiracy and cover-up at the heart of our financial establishment that have led to grave miscarriages of justice. The book surely provides the basis for a renewed Parliamentary inquiry.\u003c\/p\u003e -- John McDonnell MP\u003cbr\u003e\u003cp\u003eThis book is a must-read for investors, economists and bankers - and all those wary of global 'markets' in money or commodities. It is the story of a judicial system that punished whistle-blowers not perpetrators. Above all, it's the story of how a rigorous investigative journalist, some brave whistle-blowers and the US courts, cracked open a closed and corrupt circuit of London bankers.\u003c\/p\u003e -- Ann Pettifor\u003cbr\u003e\u003cp\u003e'The book has strong evidence that central banks not only knew about this rigging, they encouraged it.' – \u003cstrong\u003e\u003cem\u003eEvening Standard\u003c\/em\u003e\u003c\/strong\u003e\u003c\/p\u003e","brand":"The History Press Ltd","offers":[{"title":"Default Title","offer_id":48865747599703,"sku":"9780750998857","price":23.75,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780750998857.jpg?v=1722275380"},{"product_id":"secrets-of-sand-hill-road-9780753553961","title":"Secrets of Sand Hill Road","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eSCOTT KUPOR is managing partner at Andreessen Horowitz. He has overseen the firm?s rapid growth to one hundred fifty employees and more than $7 billion in assets under management. He is also a cofounder and codirector of the Stanford Venture Capital\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eWorth far more than its cover price ... I wish I’d had it available to me when I was first looking for startup funding\u003c\/b\u003e * ERIC RIES, bestselling author of tHE LEAN STARTUP and THE STARTUP WAY, from the foreword *\u003cbr\u003eAs someone who helped a small company become a huge, valuable company, I know firsthand the power of the startup ecosystem and entrepreneurship. This is \u003cb\u003ethe definitive book on navigating VC\u003c\/b\u003e as part of that * ERIC SCHMIDT, former executive chairman and CEO, Google; technical advisor, Alphabet Inc *\u003cbr\u003eI’ve observed thousands of founders and thought a lot about what it takes to create something important and to achieve outlier success. Kupor’s book takes founders who want to do both through everything from how VCs raise money and evaluate deals, to how to think about term sheets and set up boards. It’s \u003cb\u003ea valuable resource for any founder who wants to work with VCs\u003c\/b\u003e * SAM ALTMAN, partner and president, Y Combinator; cofounder, OpenAI *\u003cbr\u003e\u003ci\u003eSecrets of Sand Hill Road\u003c\/i\u003e is \u003cb\u003ethe definitive guide to how to engage the VC community\u003c\/b\u003e, including governance and other best practices, in a startup’s journey to a successful public company * ADENA FRIEDMAN, president and CEO, Nasdaq; former managing director and CFO, The Carlyle Group *\u003cbr\u003eFrom acquiring startups, to leading a company, to working to select the next leader of an iconic company, I’ve seen it all. It’s become clear to me that startups drive the kind of innovation that big companies can’t easily do. \u003cb\u003e\u003ci\u003eSecrets of Sand Hill Road\u003c\/i\u003e provides a useful overview for the next generation of leaders seeking to start such companies\u003c\/b\u003e * JOHN W. THOMPSON, chairman, Microsoft; former CEO, Symantec *","brand":"Ebury Publishing","offers":[{"title":"Default Title","offer_id":48865769390423,"sku":"9780753553961","price":17.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780753553961.jpg?v=1722275478"},{"product_id":"the-rationale-of-central-banking-and-the-free-banking-alternative-9780865970861","title":"The Rationale of Central Banking and the Free","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e","brand":"Liberty Fund Inc","offers":[{"title":"Default Title","offer_id":48866116534615,"sku":"9780865970861","price":14.2,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780865970861.jpg?v=1722277119"},{"product_id":"achieving-investment-excellence-9781119437659","title":"Achieving Investment Excellence","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eCrucial methods, tactics and tools for successful pension fund management\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eAchieving Investment Excellence\u003c\/i\u003e offers trustees and asset managers a comprehensive handbook for improving the quality of their investments. With a stated goal of substantially and sustainably improving annual returns, this book clarifies and demystifies important concepts surrounding trustee duties and responsibilities, investment strategies, analysis, evaluation and much more.\u003c\/p\u003e \u003cp\u003eLow interest rates are making the high cost of future pension payouts fraught with tension, even as the time and knowledge required to manage these funds appropriately increases  it is no wonder that pensions are increasingly seen as a financial liability. Now more than ever, it is critical that trustees understand exactly what contributes to investment success  and what detracts from it. This book details the roles, the tools and the strategies that make pension funds pay off.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eUnderstand the rol\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eAbout the Authors xiii\u003c\/p\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003eForeword xvii\u003c\/p\u003e \u003cp\u003eIntroduction 1\u003c\/p\u003e \u003cp\u003eLevels of Excellence: Assessing and Improving Your Practice 6\u003c\/p\u003e \u003cp\u003eHow to Use the Book 8\u003c\/p\u003e \u003cp\u003eChapters of the Book 9\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One Pension Funds: Understanding the Role, Shaping the Mission\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 The Role of Pension Funds, and the Role of Boards 19\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Role of Pension Funds 20\u003c\/p\u003e \u003cp\u003eThe Pension Triangle 22\u003c\/p\u003e \u003cp\u003eDuties of Trustees 24\u003c\/p\u003e \u003cp\u003eResponsibility as a Fiduciary 26\u003c\/p\u003e \u003cp\u003eDelegation and Agency Relationships 27\u003c\/p\u003e \u003cp\u003eResponsibilities as a Board Member 30\u003c\/p\u003e \u003cp\u003eResponsibilities as a Shareholder 31\u003c\/p\u003e \u003cp\u003eBalancing the Three Roles 31\u003c\/p\u003e \u003cp\u003eUnderstanding and Managing Your Stakeholders 32\u003c\/p\u003e \u003cp\u003eGovernment 32\u003c\/p\u003e \u003cp\u003eRegulator 32\u003c\/p\u003e \u003cp\u003eFinancial Markets 33\u003c\/p\u003e \u003cp\u003eNon-Governmental Organizations 34\u003c\/p\u003e \u003cp\u003eEndnotes 34\u003c\/p\u003e \u003cp\u003eCase Study—GEPF 36\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Developing Purpose, Mission, Vision, and Goals 39\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Functions of a Pension Fund 41\u003c\/p\u003e \u003cp\u003ePurpose 44\u003c\/p\u003e \u003cp\u003eMission 45\u003c\/p\u003e \u003cp\u003eValues 46\u003c\/p\u003e \u003cp\u003eVision 49\u003c\/p\u003e \u003cp\u003eStrategic Goals 50\u003c\/p\u003e \u003cp\u003eEndnotes 51\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two Designing the Process\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Grasping the Investment Essentials 55\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInvestment Goals 56\u003c\/p\u003e \u003cp\u003eUnderstanding Return Concepts 57\u003c\/p\u003e \u003cp\u003eReturn 57\u003c\/p\u003e \u003cp\u003eExpectations 57\u003c\/p\u003e \u003cp\u003eUnderstanding Risk Concepts 59\u003c\/p\u003e \u003cp\u003eRisk is not Volatility 60\u003c\/p\u003e \u003cp\u003eRisk Premium 61\u003c\/p\u003e \u003cp\u003eGetting Risk Measures Right 62\u003c\/p\u003e \u003cp\u003eRisk Is about Behavior 63\u003c\/p\u003e \u003cp\u003eSteering Your Portfolio 64\u003c\/p\u003e \u003cp\u003eBenchmarks 65\u003c\/p\u003e \u003cp\u003eDiversification 66\u003c\/p\u003e \u003cp\u003eConventional vs. Alternative Assets 67\u003c\/p\u003e \u003cp\u003eActive vs. Passive Investing 68\u003c\/p\u003e \u003cp\u003eBetter Beta: Styles and Factors 70\u003c\/p\u003e \u003cp\u003eResponsible Investing 70\u003c\/p\u003e \u003cp\u003eMotives or Mission 71\u003c\/p\u003e \u003cp\u003eInstruments 72\u003c\/p\u003e \u003cp\u003eEndnotes 72\u003c\/p\u003e \u003cp\u003eCase Study—PFZW 74\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Investment Beliefs as Guiding Tools 77\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Investment Beliefs Matter 78\u003c\/p\u003e \u003cp\u003eBasics of an Investment Belief 81\u003c\/p\u003e \u003cp\u003eDeveloping a Set of Investment Beliefs 82\u003c\/p\u003e \u003cp\u003eWhen, If Ever, Is the Time to Change Investment Beliefs? 83\u003c\/p\u003e \u003cp\u003eHow (Not) to Use Investment Beliefs 87\u003c\/p\u003e \u003cp\u003eEndnotes 88\u003c\/p\u003e \u003cp\u003eCase Study—New Zealand Superannuation Fund 90\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Designing the Investment Management Process 93\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Investment Process 94\u003c\/p\u003e \u003cp\u003eSetting Objectives: Aligning Goals and Risk Appetite 95\u003c\/p\u003e \u003cp\u003eInvestment Objectives 99\u003c\/p\u003e \u003cp\u003eFormulating Expectations 100\u003c\/p\u003e \u003cp\u003ePortfolio Construction 101\u003c\/p\u003e \u003cp\u003eImplementation and Monitoring 103\u003c\/p\u003e \u003cp\u003eImplementation 103\u003c\/p\u003e \u003cp\u003eMonitoring 103\u003c\/p\u003e \u003cp\u003eThe Investment Policy Statement 105\u003c\/p\u003e \u003cp\u003eEndnotes 108\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Organizing the Investment Function 109\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInventorizing Investment Models 110\u003c\/p\u003e \u003cp\u003eModel 1: Traditional Asset Allocation Model 112\u003c\/p\u003e \u003cp\u003eModel 2: Endowment Model 112\u003c\/p\u003e \u003cp\u003eModel 3: Factor Allocation Model 114\u003c\/p\u003e \u003cp\u003eModel 4: Opportunity Cost or Reference Portfolio Model 116\u003c\/p\u003e \u003cp\u003eModel 5: Dual Strategic\/Operational Benchmark Model 119\u003c\/p\u003e \u003cp\u003eModel 6: Risk Parity Model 120\u003c\/p\u003e \u003cp\u003eDeveloping Your Own Investment Approach 122\u003c\/p\u003e \u003cp\u003eEndnotes 123\u003c\/p\u003e \u003cp\u003eCase Study – GPFG 124\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Three Implementing the Investments\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Implementing the Investment Strategy 129\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOrganizing the Implementation 130\u003c\/p\u003e \u003cp\u003eThe Rationale for Managing Costs 132\u003c\/p\u003e \u003cp\u003eSelection of Managers 134\u003c\/p\u003e \u003cp\u003eActive vs. Passive Management 136\u003c\/p\u003e \u003cp\u003eInternal vs. External Management 138\u003c\/p\u003e \u003cp\u003eRelationship with Suppliers 139\u003c\/p\u003e \u003cp\u003eBridging the Implementation Gap 141\u003c\/p\u003e \u003cp\u003eEndnotes 142\u003c\/p\u003e \u003cp\u003eCase Study—ATP 144\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Building the Investment Portfolio 147\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFramework for the Investment Portfolio 148\u003c\/p\u003e \u003cp\u003eThe Board’s Role in Portfolio Construction 151\u003c\/p\u003e \u003cp\u003eWhat Is a Good Investment Portfolio? 152\u003c\/p\u003e \u003cp\u003eCapital Market Assumptions 156\u003c\/p\u003e \u003cp\u003eDiversification 157\u003c\/p\u003e \u003cp\u003eRebalancing 160\u003c\/p\u003e \u003cp\u003eEndnotes 160\u003c\/p\u003e \u003cp\u003eCase Study—OTPP 161\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Monitoring and Evaluation 164\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMonitoring 165\u003c\/p\u003e \u003cp\u003eWhat to Monitor? 167\u003c\/p\u003e \u003cp\u003eMonitoring as a Multidimensional Process 168\u003c\/p\u003e \u003cp\u003eMonitoring the Policy 169\u003c\/p\u003e \u003cp\u003eThe Position of Monitoring on the Investment Committee’s Agenda 170\u003c\/p\u003e \u003cp\u003eWhat Is the Optimal Frequency for Monitoring? 171\u003c\/p\u003e \u003cp\u003eMonitoring Should Be Based on a Sound Approach: It Should Never\u003c\/p\u003e \u003cp\u003eBe a Mechanical Exercise 171\u003c\/p\u003e \u003cp\u003eWhat to Look for in Monitoring 171\u003c\/p\u003e \u003cp\u003eWhen Does a Board Move from Monitoring to Evaluation? 175\u003c\/p\u003e \u003cp\u003eEvaluation 176\u003c\/p\u003e \u003cp\u003eEndnotes 178\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Four Organizing the Board\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Becoming an Effective Board 181\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eResponsibilities of the Board 181\u003c\/p\u003e \u003cp\u003eBoard Composition 185\u003c\/p\u003e \u003cp\u003eWhat is Expected from Board Members? 187\u003c\/p\u003e \u003cp\u003eWhat is Expected of the Chair? 188\u003c\/p\u003e \u003cp\u003eAppointing New Board Members 189\u003c\/p\u003e \u003cp\u003eGovernance Budget of the Board 191\u003c\/p\u003e \u003cp\u003eBoard Decision-Making Culture 193\u003c\/p\u003e \u003cp\u003eSupporting the Board: Executive Office and Staff 194\u003c\/p\u003e \u003cp\u003eIngredients of an Effective Board 197\u003c\/p\u003e \u003cp\u003ePeople and Board Composition 197\u003c\/p\u003e \u003cp\u003eProcess 198\u003c\/p\u003e \u003cp\u003ePerspective 198\u003c\/p\u003e \u003cp\u003eThe Right Altitude, Horizon and Distance 198\u003c\/p\u003e \u003cp\u003ePower and Delegation 198\u003c\/p\u003e \u003cp\u003eLearning 199\u003c\/p\u003e \u003cp\u003eEndnotes 199\u003c\/p\u003e \u003cp\u003eCase Study—CalPERS 200\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Establishing the Investment Committee 203\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRoles and Responsibilities 204\u003c\/p\u003e \u003cp\u003eAdvise the Board on an Investment Policy Statement 205\u003c\/p\u003e \u003cp\u003eEvaluate the Managers’ Performance and Take Appropriate Actions 205\u003c\/p\u003e \u003cp\u003eDocument the Investment Process and Decisions Made 205\u003c\/p\u003e \u003cp\u003eMembers of the Investment Committee 207\u003c\/p\u003e \u003cp\u003eForming an Effective Investment Committee 208\u003c\/p\u003e \u003cp\u003eThe Role of the Chairman of the Investment Committee 210\u003c\/p\u003e \u003cp\u003eA Model for an Effective Investment Committee Meeting 210\u003c\/p\u003e \u003cp\u003eThe Investment Committee Agenda 211\u003c\/p\u003e \u003cp\u003eCommittee Preparation: Quality, Clarity and Timeliness and Extent of Materials 212\u003c\/p\u003e \u003cp\u003eRoles 213\u003c\/p\u003e \u003cp\u003eThe Results of the Meeting 214\u003c\/p\u003e \u003cp\u003eEvaluation and Learning 214\u003c\/p\u003e \u003cp\u003eEndnotes 215\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Managing the Investment Management Organization 216\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Roles of the Investment Management Organization 217\u003c\/p\u003e \u003cp\u003eFunctions and Typical Evolution of the IMO 219\u003c\/p\u003e \u003cp\u003eOutsourcing 222\u003c\/p\u003e \u003cp\u003eSubsidiaries: Majority or Fully Owned by the Pension Fund 223\u003c\/p\u003e \u003cp\u003ePros and Cons of a Proprietary IMO 225\u003c\/p\u003e \u003cp\u003eIssues in Dealing with an Investment Organization 225\u003c\/p\u003e \u003cp\u003eThe Service Level Agreement 227\u003c\/p\u003e \u003cp\u003eMonitoring and Evaluating the Investment Management Organization 228\u003c\/p\u003e \u003cp\u003eEndnotes 228\u003c\/p\u003e \u003cp\u003eCase Study—Future Fund 229\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Five Learning, Adapting and Improving\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Learning to Decide and to Take Advice 235\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePsychology of Decision-Making: Biases, Preferences, and Habits 236\u003c\/p\u003e \u003cp\u003eGroup Processes on the Right Track 241\u003c\/p\u003e \u003cp\u003eLearning to Make Complex Decisions 243\u003c\/p\u003e \u003cp\u003eUsing Expert Opinions 245\u003c\/p\u003e \u003cp\u003eThe Investment Consultant 247\u003c\/p\u003e \u003cp\u003eChallenges and Dilemmas in Taking Advice 249\u003c\/p\u003e \u003cp\u003eDecision-Making under Pressure 251\u003c\/p\u003e \u003cp\u003eEndnotes 254\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 Achieving Investment Excellence 255\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Five Activities Driving Towards Excellence 256\u003c\/p\u003e \u003cp\u003eActivity 1: Setting the Strategy (Chapters 1–2) 257\u003c\/p\u003e \u003cp\u003eActivity 2: Designing the Investment Process (Chapters 3–6) 257\u003c\/p\u003e \u003cp\u003eActivity 3: Implementing the Investments (Chapters 7–9) 259\u003c\/p\u003e \u003cp\u003eActivity 4: Organizing the Board (Chapters 10–12) 259\u003c\/p\u003e \u003cp\u003eActivity 5: Learning to Adapt (Chapter 13) 261\u003c\/p\u003e \u003cp\u003eThe Learning Board and the Characteristics of the Levels of Excellence 261\u003c\/p\u003e \u003cp\u003eLeadership 262\u003c\/p\u003e \u003cp\u003eResources 262\u003c\/p\u003e \u003cp\u003eMind-Set and Culture 262\u003c\/p\u003e \u003cp\u003eMeasures and Scorecards 263\u003c\/p\u003e \u003cp\u003eMaintenance and Education 264\u003c\/p\u003e \u003cp\u003eLevels of Excellence and the Board Learning Perspective 264\u003c\/p\u003e \u003cp\u003eThe Board’s Journey towards Achieving Excellence 264\u003c\/p\u003e \u003cp\u003eStep 1: Determine Where You Are Now 264\u003c\/p\u003e \u003cp\u003eStep 2: Define Your Long-Term Ambition 266\u003c\/p\u003e \u003cp\u003eStep 3: Define the Roadmap 266\u003c\/p\u003e \u003cp\u003eStep 4: Execute the Roadmap 267\u003c\/p\u003e \u003cp\u003eEnduring Investment Excellence 267\u003c\/p\u003e \u003cp\u003eEndnotes 269\u003c\/p\u003e \u003cp\u003eSelf-Reflection Questions 270\u003c\/p\u003e \u003cp\u003eAppendix A 282\u003c\/p\u003e \u003cp\u003eAppendix B 284\u003c\/p\u003e \u003cp\u003eReferences 293\u003c\/p\u003e \u003cp\u003eIndex 301\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":48866395586903,"sku":"9781119437659","price":61.75,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119437659.jpg?v=1722278450"},{"product_id":"the-bitcoin-standard-9781119473862","title":"The Bitcoin Standard","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eAbout the Author xi\u003c\/p\u003e \u003cp\u003eForeword xiii\u003c\/p\u003e \u003cp\u003ePrologue xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Money 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Primitive Moneys 11\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Monetary Metals 17\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Gold? 19\u003c\/p\u003e \u003cp\u003eRoman Golden Age and Decline 25\u003c\/p\u003e \u003cp\u003eByzantium and the Bezant 28\u003c\/p\u003e \u003cp\u003eThe Renaissance 29\u003c\/p\u003e \u003cp\u003eLa Belle Époque 34\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Government Money 41\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMonetary Nationalism and the End of the Free World 43\u003c\/p\u003e \u003cp\u003eThe Interwar Era 47\u003c\/p\u003e \u003cp\u003eWorld War II and Bretton Woods 53\u003c\/p\u003e \u003cp\u003eGovernment Money’s Track Record 60\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Money and Time Preference 73\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMonetary Inflation 81\u003c\/p\u003e \u003cp\u003eSaving and Capital Accumulation 90\u003c\/p\u003e \u003cp\u003eInnovations: “Zero to One” versus “One to Many” 96\u003c\/p\u003e \u003cp\u003eArtistic Flourishing 98\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Capitalism’s Information System 105\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCapital Market Socialism 109\u003c\/p\u003e \u003cp\u003eBusiness Cycles and Financial Crises 113\u003c\/p\u003e \u003cp\u003eSound Basis for Trade 126\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Sound Money and Individual Freedom 135\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eShould Government Manage the Money Supply? 136\u003c\/p\u003e \u003cp\u003eUnsound Money and Perpetual War 145\u003c\/p\u003e \u003cp\u003eLimited versus Omnipotent Government 149\u003c\/p\u003e \u003cp\u003eThe Bezzle 155\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Digital Money 167\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBitcoin as Digital Cash 168\u003c\/p\u003e \u003cp\u003eSupply, Value, and Transactions 177\u003c\/p\u003e \u003cp\u003eAppendix to Chapter 8 191\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 What Is Bitcoin Good For? 193\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStore of Value 193\u003c\/p\u003e \u003cp\u003eIndividual Sovereignty 200\u003c\/p\u003e \u003cp\u003eInternational and Online Settlement 205\u003c\/p\u003e \u003cp\u003eGlobal Unit of Account 212\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Bitcoin Questions 217\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIs Bitcoin Mining a Waste? 217\u003c\/p\u003e \u003cp\u003eOut of Control: Why Nobody Can Change Bitcoin 222\u003c\/p\u003e \u003cp\u003eAntifragility 230\u003c\/p\u003e \u003cp\u003eCan Bitcoin Scale? 232\u003c\/p\u003e \u003cp\u003eIs Bitcoin for Criminals? 238\u003c\/p\u003e \u003cp\u003eHow to Kill Bitcoin: A Beginners’ Guide 241\u003c\/p\u003e \u003cp\u003eAltcoins 251\u003c\/p\u003e \u003cp\u003eBlockchain Technology 257\u003c\/p\u003e \u003cp\u003eAcknowledgements 273\u003c\/p\u003e \u003cp\u003eBibliography 275\u003c\/p\u003e \u003cp\u003eList of Figures 282\u003c\/p\u003e \u003cp\u003eList of Tables 284\u003c\/p\u003e \u003cp\u003eIndex 285\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":48866398634327,"sku":"9781119473862","price":21.21,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119473862.jpg?v=1722278458"},{"product_id":"bank-4-0-banking-everywhere-never-at-a-bank-9781119506508","title":"Bank 4.0  Banking Everywhere Never at a Bank","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":48866399977815,"sku":"9781119506508","price":28.49,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119506508.jpg?v=1722278461"},{"product_id":"the-principles-of-banking-9781119755647","title":"The Principles of Banking","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eForewords xix\u003c\/p\u003e \u003cp\u003ePreface xxxix\u003c\/p\u003e \u003cp\u003eAcknowledgements xlv\u003c\/p\u003e \u003cp\u003eAbout the Author li\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I Banking, Bank Customer Business and Regulation 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 1 Banking, bank business and financial statements 3\u003c\/p\u003e \u003cp\u003eChapter 2 Ethics, conduct and customer service 75\u003c\/p\u003e \u003cp\u003eChapter 3 Bank regulatory capital and the “Basel Rules” 97\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Bank Asset and Liability Management 159\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 4 The yield curve 161\u003c\/p\u003e \u003cp\u003eChapter 5 Asset– liability management I 201\u003c\/p\u003e \u003cp\u003eChapter 6 Balance sheet management: money markets, FX, trading and hedging, and securitisation 251\u003c\/p\u003e \u003cp\u003eChapter 7 Managing interest- rate risk in the banking book (IRRBB) 303\u003c\/p\u003e \u003cp\u003eChapter 8 Bank Treasury operating model 333\u003c\/p\u003e \u003cp\u003eChapter 9 ALCO governance framework and terms of reference 351\u003c\/p\u003e \u003cp\u003eChapter 10 ALM sundries: asset encumbrance, hedge accounting, IFRS 9 and EIR 383\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III Bank Liquidity Risk Management 401\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 11 Principles of bank liquidity management 403\u003c\/p\u003e \u003cp\u003eChapter 12 Liquidity risk metrics 445\u003c\/p\u003e \u003cp\u003eChapter 13 Liquidity risk reporting 461\u003c\/p\u003e \u003cp\u003eChapter 14 Bank funds transfer pricing 469\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV Bank Strategy and Governance 491\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 15 Bank strategy I: inputs and setting 493\u003c\/p\u003e \u003cp\u003eChapter 16 Bank strategy II: capital and funding management 521\u003c\/p\u003e \u003cp\u003eChapter 17 Principles of corporate governance 541\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart V Principles of Risk Management and Regulation 573\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 18 The risk management framework 575\u003c\/p\u003e \u003cp\u003eChapter 19 Credit risk assessment and reporting principles 617\u003c\/p\u003e \u003cp\u003eChapter 20 Stress testing, ICAAP, ILAAP and reverse stress testing 647\u003c\/p\u003e \u003cp\u003eChapter 21 Recovery planning and resolution planning 693\u003c\/p\u003e \u003cp\u003eChapter 22 Sustainable banking and climate change risk management 703\u003c\/p\u003e \u003cp\u003eChapter 23 Case studies: analysis, problem solving and decision making 721\u003c\/p\u003e \u003cp\u003eChapter 24 Everything changes, and nothing changes: excerpts from a timeless work 753\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart VI Guide to the Companion Website 761\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 25 Applications software, policy templates and spreadsheet models 763\u003c\/p\u003e \u003cp\u003eAfterword 771\u003c\/p\u003e \u003cp\u003eList of Terms and their Abbreviations 775\u003c\/p\u003e \u003cp\u003eIndex 781\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":48866414625111,"sku":"9781119755647","price":56.25,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119755647.jpg?v=1722278530"}],"url":"https:\/\/bookcurl.com\/collections\/banking.oembed?page=8","provider":"Book Curl","version":"1.0","type":"link"}