Throughout history, rich and poor countries alike have been lending, borrowing, crashing–and recovering–their way through an extraordinary range of financial crises. Each time, the experts have chimed, “this time is different”–claiming that the old rules of valuation no longer apply and that the new situation bears little similarity to past disasters. With this breakthrough study, leading economists Carmen Reinhart and Kenneth Rogoff definitively prove them wrong. Covering sixty-six countries across five continents, This Time Is Different presents a comprehensive look at the varieties of financial crises, and guides us through eight astonishing centuries of government defaults, … read more
An Introduction to Global Financial Markets describes the financial world in clear, easy to understand terms. The authors provide comprehensive coverage of commercial and investment banking, foreign exchange, money and bond markets, stock markets and derivatives and an up to date analysis of the global financial crisis.
• A new chapter on the global financial crisis and banking regulation
• Updated coverage of investment banking, hedge funds and private equity
• Details of controversial new market instruments: credit default stops and collateralised mortgage obligations
• Expanded coverage of emerging markets, including Brazil, Russia, India and China
• New companion website … read more
The first decade of the 21st Century has been disastrous for financial institutions, derivatives and risk management. Counterparty credit risk has become the key element of financial risk management, highlighted by the bankruptcy of the investment bank Lehman Brothers and failure of other high profile institutions such as Bear Sterns, AIG, Fannie Mae and Freddie Mac. The sudden realisation of extensive counterparty risks has severely compromised the health of global financial markets. Counterparty risk is now a key problem for all financial institutions.
This book explains the emergence of counterparty risk during the recent credit crisis. The quantification … read more
This book was originally published prior to 1923, and represents a reproduction of an important historical work, maintaining the same format as the original work. While some publishers have opted to apply OCR (optical character recognition) technology to the process, we believe this leads to sub-optimal results (frequent typographical … read more
A New York Times bestseller, this sweeping narrative from the author of A Beautiful Mind takes us on a journey through modern history with the men and women who changed the lives of every single person on the planet. Grand Pursuit is the epic story of the making of modern economics, of how economics rescued mankind from squalor and deprivation by placing its material fate in its own hands.
List Price: $ 18.00
An introduction to the economic, political and environmental mess the world is currently in; with insights into how we got here as well as how we might get out. (Some solutions are more painful than others.) Informative and even revelatory, but anyone who actually LIKES this book should have his head examined.
List Price: $ 12.00