Author: Kevin Dowd
Publisher: John Wiley & Sons
ISBN: 047068996X
Category : Business & Economics
Languages : en
Pages : 433
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Book Description
An engaging look at how modern finance almost destroyed our global economy Over the last thirty years, capital markets have been restructured through the tenets of modern finance. This has been enormously profitable for the financial services sector. However, these innovations, coupled with unsound risk and regulatory practices have proved disastrous for the global economy. In a clear and accessible style, ex-investment banker and financial journalist Martin Hutchinson, and highly respected academic, Kevin Dowd show how modern finance combined with easy money threatened to bring down the world financial system. At the heart of the book is modern finance as a U.S. invention, the theories and practices associated with them, and the changes they made in business models and risk management on Wall Street and other major financial centers. Breaks down the events involved in the 2007-08 financial collapse Reveals how botched policy response made a bad situation worse Focuses on lessons that the practice of finance must learn from recent events The Alchemists of Loss will help you to understand how our financial system crashed and show you what it will take to make sure this won't happen again as we move forward.
Author:
Publisher:
ISBN: 9788126527731
Category :
Languages : en
Pages :
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Book Description
Author: Mervyn King
Publisher: W. W. Norton & Company
ISBN: 0393247031
Category : Business & Economics
Languages : en
Pages : 214
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Book Description
“Mervyn King may well have written the most important book to come out of the financial crisis. Agree or disagree, King’s visionary ideas deserve the attention of everyone from economics students to heads of state.” —Lawrence H. Summers Something is wrong with our banking system. We all sense that, but Mervyn King knows it firsthand; his ten years at the helm of the Bank of England, including at the height of the financial crisis, revealed profound truths about the mechanisms of our capitalist society. In The End of Alchemy he offers us an essential work about the history and future of money and banking, the keys to modern finance. The Industrial Revolution built the foundation of our modern capitalist age. Yet the flowering of technological innovations during that dynamic period relied on the widespread adoption of two much older ideas: the creation of paper money and the invention of banks that issued credit. We take these systems for granted today, yet at their core both ideas were revolutionary and almost magical. Common paper became as precious as gold, and risky long-term loans were transformed into safe short-term bank deposits. As King argues, this is financial alchemy—the creation of extraordinary financial powers that defy reality and common sense. Faith in these powers has led to huge benefits; the liquidity they create has fueled economic growth for two centuries now. However, they have also produced an unending string of economic disasters, from hyperinflations to banking collapses to the recent global recession and current stagnation. How do we reconcile the potent strengths of these ideas with their inherent weaknesses? King draws on his unique experience to present fresh interpretations of these economic forces and to point the way forward for the global economy. His bold solutions cut through current overstuffed and needlessly complex legislation to provide a clear path to durable prosperity and the end of overreliance on the alchemy of our financial ancestors.
Author: Richard Werner
Publisher: Routledge
ISBN: 131746219X
Category : Education
Languages : en
Pages : 384
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Book Description
This eye-opening book offers a disturbing new look at Japan's post-war economy and the key factors that shaped it. It gives special emphasis to the 1980s and 1990s when Japan's economy experienced vast swings in activity. According to the author, the most recent upheaval in the Japanese economy is the result of the policies of a central bank less concerned with stimulating the economy than with its own turf battles and its ideological agenda to change Japan's economic structure. The book combines new historical research with an in-depth behind-the-scenes account of the bureaucratic competition between Japan's most important institutions: the Ministry of Finance and the Bank of Japan. Drawing on new economic data and first-hand eyewitness accounts, it reveals little known monetary policy tools at the core of Japan's business cycle, identifies the key figures behind Japan's economy, and discusses their agenda. The book also highlights the implications for the rest of the world, and raises important questions about the concentration of power within central banks.
Author: Nicholas Bennett
Publisher:
ISBN: 9780648511991
Category :
Languages : en
Pages :
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Book Description
The Dying Alchemists is a reflection on existence through prose, poetry and art, from our thoughts as conscious creatures on this planet and how it feels to be human, to the way in which the Universe reveals itself through the grand and majestic unfolding we see all around us.
Author: Mary Lawrence
Publisher: Kensington Books
ISBN: 1617737135
Category : Fiction
Languages : en
Pages : 304
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Book Description
“Colorful alchemical lore and a vividly imagined 1543 London enrich Lawrence’s engaging . . . sequel to . . . The Alchemist’s Daughter.”—Publishers Weekly In the mid sixteenth century, Henry VIII sits on the throne, and Bianca Goddard tends to the sick and suffering in London’s slums, where disease can take a life as quickly as murder . . . For years, alchemist Ferris Stannum has devoted himself to developing the Elixir of Life, the reputed serum of immortality. Having tested his remedy successfully on an animal, Stannum intends to send his alchemy journal to a colleague in Cairo for confirmation. But the next day his body is found and the journal is gone. Bianca, the daughter of an alchemist, is well acquainted with the mystical healing arts. When her husband John falls ill with the sweating sickness, she dares to hope Stannum’s journal could contain the secret to his recovery. But first she must solve the alchemist’s murder. As she ventures into a world of treachery and deceit, Stannum’s death is only the first in a series of murders—and Bianca’s quest becomes a matter of life and death, not only for her husband, but for herself . . . Praise for The Alchemist’s Daughter “Unique characters, a twisty plot and a bold, bright heroine . . . Mystery and Tudor fans alike will raise a glass to this new series.”—Karen Harper, New York Times bestselling author “A realistic evocation of 16th century London’s underside. The various strands of the plot are so skillfully plaited together.”—Fiona Buckley, author of the Ursula Blanchard Mysteries
Author: Marilyn Bowering
Publisher: Dundurn
ISBN: 9780888784353
Category : Poetry
Languages : en
Pages : 144
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Book Description
Bowering delivers poems that blend of personalities, times, and places that add up to an overall substance she sees as happiness.
Author: Kevin Wohler
Publisher: Createspace Independent Publishing Platform
ISBN: 9781533277060
Category :
Languages : en
Pages : 184
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Book Description
As Salt City's only alchemist, Malcolm Ward has been minding his own business for the last ten years. His shop, The Village Alchemist, caters to mages, mystics, and magic wannabes-including Tommy DeLuce, the mayor's son. But when a fire elemental kills Tommy, the city council demands that Mal investigate. The trail from the fire elemental to Tommy isn't exactly a straight line; it's more like a circle. An elemental means alchemy, but everyone assumed Mal was the only alchemist in town. Now he's taking it personally. Malcolm's alchemical mojo is a bit rusty, so he'll need help from his friends in the metaphysical community to uncover the truth about Tommy's death. And he needs to do it soon, before more customers go missing.
Author: Mandy Aftel
Publisher: North Point Press
ISBN: 1429936126
Category : Health & Fitness
Languages : en
Pages : 321
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Book Description
An artisan perfumer reveals a lost art and its mysterious, sensual history. For centuries, people have taken what seems to be an instinctive pleasure in rubbing scents into their skin. Perfume has helped them to pray, to heal, and to make love. And as long as there has been perfume, there have been perfumers, or rather the priests, shamans, and apothecaries who were their predecessors. Yet, in many ways, perfumery is a lost art, its creative and sensual possibilities eclipsed by the synthetic ingredients of which contemporary perfumes are composed, which have none of the subtlety and complexity of essences derived from natural substances, nor their lush histories. Essence and Alchemy resurrects the social and metaphysical legacy that is entwined with the evolution of perfumery, from the dramas of the spice trade to the quests of the alchemists to whom today's perfumers owe a philosophical as well as a practical debt. Mandy Aftel tracks scent through the boudoir and the bath and into the sanctums of worship, offering insights on the relationship of scent to sex, solitude, and the soul. Along the way, she imparts instruction in the art of perfume compositions, complete with recipes, guiding the reader in a process of transformation of materials that continues to follow the alchemical dictum solve et coagula (dissolve and combine) and is itself aesthetically and spiritually transforming.
Author: Paulo Coelho
Publisher: HarperCollins Publishers
ISBN: 9780007492190
Category : Alchemists
Languages : en
Pages : 0
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Book Description
An Andalusian shepherd boy named Santiago travels from his homeland in Spain to the Egyptian desert in search of a treasure buried in the Pyramids. Along the way he meets a Gypsy woman, a man who calls himself king, and an alchemist, all of whom point Santiago in the direction of his quest. No one knows what the treasure is, or if Santiago will be able to surmount the obstacles along the way. But what starts out as a journey to find worldly goods turns into a discovery of the treasures found within.
