Unravelling the Credit Crunch Contributor(s): Murphy, David (Author) |
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ISBN: 1138426229 ISBN-13: 9781138426221 Publisher: CRC Press OUR PRICE: $228.00 Product Type: Hardcover - Other Formats Published: October 2017 |
Additional Information |
BISAC Categories: - Business & Economics | Finance - General - Business & Economics | Banks & Banking - Mathematics | Probability & Statistics - General |
Dewey: 332.1 |
Physical Information: 328 pages |
Descriptions, Reviews, Etc. |
Publisher Description: Fascinating Insight into How the Financial System Works and How the Credit Crisis AroseClearly supplies details vital to understanding the crisis To enable an understanding of the credit crunch, the author first examines the rules that constrain how financial institutions operate. He discusses how these institutions do business, what products were central to the development of the crunch, and how they behave. He thoroughly describes how financial institutions raise money and the legal and regulatory frameworks under which they operate. After exploring how the system works, the book illustrates how to change the rules to make financial disasters less likely. Focusing on the rules involved in the game of finance is essential if we want to figure out what happened that led to this financial debacle. This book shows us how the actions of many financial institutions, regulatory bodies, central banks, and investment managers adversely affected the entire financial system. |