{"product_id":"the-money-formula-9781119358619","title":"The Money Formula","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eExplore the deadly elegance of finance''s hidden powerhouse\u003c\/b\u003e \u003cp\u003e\u003ci\u003eThe Money Formula\u003c\/i\u003e takes you inside the engine room of the global economy to explore the little-understood world of quantitative finance, and show how the future of our economy rests on the backs of this all-but-impenetrable industry. Written not from a post-crisis perspective  but from a \u003ci\u003epreventative\u003c\/i\u003e point of view  this book traces the development of financial derivatives from bonds to credit default swaps, and shows how mathematical formulas went beyond pricing to expand their use to the point where they dwarfed the real economy. You''ll learn how the deadly allure of their ice-cold beauty has misled generations of economists and investors, and how continued reliance on these formulas can either assist future economic development, or send the global economy into the financial equivalent of a cardiac arrest. \u003c\/p\u003e\u003cp\u003eRather than rehash tales of post-crisis fallout, this book focuses on preventing the next one\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\u003ci\u003e\"Anyone interested in investment theory (and that should be everyone working in financial services) would find it worth reading.\" \u003c\/i\u003e (International Investment, June 2017)\u003cbr\u003e\u003cbr\u003e\u003ci\u003e\"Irrevent and fun, it is at the same time very rigorous in explaining how soem fairly basic mathematics has hijacked the world of finance.\" \u003c\/i\u003e (Marketing Moving, June 2017)\u003cbr\u003e\u003cbr\u003e \u003c\/p\u003e\u003cp\u003e\u003ci\u003e“a great description of what has happened, a thorough explanation of what is currently going on, and a solid argument for what should be done in the future.” \u003c\/i\u003e(Significance, April 2018)\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eAcknowledgements ix\u003c\/p\u003e \u003cp\u003eAbout the Authors xi\u003c\/p\u003e \u003cp\u003eIntroduction xiii\u003c\/p\u003e \u003cp\u003eChapter 1 Early Models 1\u003c\/p\u003e \u003cp\u003eChapter 2 Going Random 15\u003c\/p\u003e \u003cp\u003eChapter 3 Risk Management 35\u003c\/p\u003e \u003cp\u003eChapter 4 Market Makers 61\u003c\/p\u003e \u003cp\u003eChapter 5 Deriving Derivatives 83\u003c\/p\u003e \u003cp\u003eChapter 6 What Quants Do 109\u003c\/p\u003e \u003cp\u003eChapter 7 The Rewrite 135\u003c\/p\u003e \u003cp\u003eChapter 8 No Laws, Only Toys 149\u003c\/p\u003e \u003cp\u003eChapter 9 How to Abuse the System 169\u003c\/p\u003e \u003cp\u003eChapter 10 Systemic Threat 189\u003c\/p\u003e \u003cp\u003eEpilogue: Keep it Simple 207\u003c\/p\u003e \u003cp\u003eBibliography 227\u003c\/p\u003e \u003cp\u003eIndex 237\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49407037473111,"sku":"9781119358619","price":19.55,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119358619.jpg?v=1730497960","url":"https:\/\/bookcurl.com\/products\/the-money-formula-9781119358619","provider":"Book Curl","version":"1.0","type":"link"}