Applying the Lessons of History to Understanding Fraud Today andTomorrow
Financial Stability provides a roadmap by which the worldcan anticipate and avoid future financial disruptions. This uniquediscussion of past and present financial events offers new insightsthat explain economic, political, and legal antecedents offinancial crises in Western markets. With a detailed discussion ofthe history of finance, this book shows modern investors andfinance professionals how to learn from past successes and failuresto gauge future market threats.
Readers will gain new insight into the antecedents of todaysfinancial markets and the political economy that surrounds them.Armed with this knowledge, they will be able to craft a strategythat steers away from financial disorder and toward maximumstability. Coverage includes discussion of capital, forecasting,and political reaction, and past, present, and future applicationswithin all realms of business. The companion website offersadditional data and research, providing a complete resource forthose seeking a better understanding of the risk at hand.
As the world struggles to emerge from the latest financialcrisis, professionals in finance, the law and other disciplines,and the people they advise, are searching for understanding toavoid future crises. Financial Stability argues that thebest lessons are learned from our own mistakes, and that theability to look ahead depends upon our willingness to look back.Readers will:
* Review the historical laws, practices, and outcomes that shapedthe modern day financial markets of the great westerneconomies
* Understand the theory of financial stability, the roles of lawand transparency, and the importance of action to punish fraud inorder to prevent future contagion
* Work through the theoretical proofs in terms of math, law,accounting, economics, philosophy, and international trade
* Build a strategy for the future with consideration towardneeds, sources, balance, and learning from past mistakes
Everywhere around the globe, at all points in history, financialcrises have always been rooted in the confluence of politics,finance, and law. Financial Stability puts the latest globalfinancial crisis in perspective, highlighting the lessons we havealready learned, and those we need to internalize today.
Frederick L. Feldkamp
Finance & Investments Finance & Investments Special Topics Finanz- u. Anlagewesen Finanzwesen Spezialthemen Finanz- u. Anlagewesen