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Book Cover
Author Dowd, Kevin.

Title Alchemists of loss : how modern finance and government intervention crashed the financial system / Kevin Dowd and Martin Hutchinson
Published Chichester : Wiley, 2010
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Description 1 online resource (x, 422 pages)
Contents pt. 1. Past successes and disasters -- pt. 2. The modern financial theory engine -- pt. 3. Interactions with the real world -- pt. 4. Policy accommodates modern finance -- pt. 5. Götterdämmerung -- pt. 6. Charting a new way forward
Summary 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
Bibliography Includes bibliographical references and index
Notes Print version record
Subject Capital market.
Economic history -- 1990-
Economic policy.
Finance -- Government policy -- United States.
Finance -- Government policy.
Financial institutions -- State supervision -- United States.
Financial institutions -- State supervision.
Global Financial Crisis, 2008-2009.
United States -- Economic conditions -- 2001-2009.
United States -- Economic policy -- 2001-2009.
Form Electronic book
Author Hutchinson, Martin O.
ISBN 047068996X (electronic bk.)
0470972084 (electronic bk.)
1119206014 (electronic bk.)
9780470689967 (electronic bk.)
9780470972083 (electronic bk.)
9781119206019 (electronic bk.)
Other Titles How modern finance and government intervention crashed the financial system