Financial Origami How the Wall Street Model Broke
Aus der Reihe
Bloomberg
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Form:Einzelkauf Download
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Sprache:Englisch
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eBook Format:PDF
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17,99 €
inkl. gesetzl. MwSt.Beschreibung
Produktdetails
Format
Kopierschutz
Ja
Family Sharing
Nein
Text-to-Speech
Nein
Erscheinungsdatum
18.02.2011
Verlag
WileySeitenzahl
192 (Printausgabe)
Dateigröße
2098 KB
Auflage
1. Auflage
Sprache
Englisch
EAN
9781118030301
An in-depth look at the failure of Wall Street's "proven"
financial models
Origami is the Japanese art of folding paper into intricate and
aesthetically attractive shapes. As such, it is the perfect
metaphor for the Wall Street financial engineering model, which
ultimately proved to be the underlying cause of the 2008 financial
crisis.
In Financial Origami, Brendan Moynihan describes how the Wall
Street business model evolved from a method to transfer risk into a
method for manufacturing risk. Along the way, this timely book
skillfully dissects financial engineering and addresses how it's
often a mechanism to evade regulatory constraints, provide
institutional investors with customized products, and, of course,
generate revenue for financial engineers.
* Reveals how Wall Street's financial engineering business model
morphed into something destructive
* Highlights how the origami model worked well in the
comparatively stable years of the early 2000s, when there was less
risk to transfer
* Discusses how Wall Street began manufacturing risk by creating
products that multiplied risk exposures and encouraged subprime
lending
With the collapse of Lehman Brother the Wall Street business
model effectively broke. But there are many lessons to be learned
from what has transpired, and Financial Origami will show you what
they are.
financial models
Origami is the Japanese art of folding paper into intricate and
aesthetically attractive shapes. As such, it is the perfect
metaphor for the Wall Street financial engineering model, which
ultimately proved to be the underlying cause of the 2008 financial
crisis.
In Financial Origami, Brendan Moynihan describes how the Wall
Street business model evolved from a method to transfer risk into a
method for manufacturing risk. Along the way, this timely book
skillfully dissects financial engineering and addresses how it's
often a mechanism to evade regulatory constraints, provide
institutional investors with customized products, and, of course,
generate revenue for financial engineers.
* Reveals how Wall Street's financial engineering business model
morphed into something destructive
* Highlights how the origami model worked well in the
comparatively stable years of the early 2000s, when there was less
risk to transfer
* Discusses how Wall Street began manufacturing risk by creating
products that multiplied risk exposures and encouraged subprime
lending
With the collapse of Lehman Brother the Wall Street business
model effectively broke. But there are many lessons to be learned
from what has transpired, and Financial Origami will show you what
they are.
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