Brand New, Unread Copy in Perfect Condition. A+ Customer Service! Summary: Chapter One: Financial Policy and the Cycle of Regulation The Analysis of Financial Policy The Growth of Antimarket Sentiment An Alternative View of Crisis and Regulation The Demonization of the Foreign Exchange Market Chapter Two: Japan's Lost Decade of the 1990s The Juggernaut On the Reefs Beyond Capitalism? The Bubble Economy A Critique of Japanese Monetary Policy Ministerial Diversions The Future of Japan's Economy Chapter Three: Exploding Foreign Exchange Regimes Distortions Arising from Fixed Exchange Rates The European Exchange Rate Mechanism Crises: 1992 and 1993 Foreign Exchange Crises in Emerging-Market Economies The Mexican Peso Crisis: 1994-1995 Chapter Four: The Southeast Asian Currency Crisis of 1997 The Consequences of the Strong-Dollar Doctrine Thailand Kicks It All Off Indonesia Follows Malaysia Pulls a Fast One Chapter Five: Accounting for Contagion Singapore Weathers the Storm Hong Kong Chooses Crisis Panicked Selling of U.S. Equities Brazil Squeaks Through Korea Learns Finance the Hard Way Chapter Six: Exploding Hedge Funds Russian Default Spawns a New Crisis Hong Kong's Fall from Free-Market Grace The LTCM Fiasco and Market Turbulence in Autumn 1998 Did the Federal Reserve Overreact to LTCM? Chapter Seven: Fast Fixes and Alternative Exchange Rate Regimes Peg Hard or Float Currency Boards Dollarization Foreign Exchange Target Zones and the Tobin Tax The Case for Freely Floating Exchange Rates Chapter Eight: The Quest for a New Financial Architecture Reform Is in the Air Statistical Risk Models and the Peso Problem Capital Controls and Malaysia's Legacy What to Do about the IMF Chapter Nine: Conclusions. Codice inventario libreria
Riassunto: Although significant financial crises world-wide -- in Japan, Mexico, Thailand, Indonesia, Russia, and Brazil -- have affirmed that the free market system is imperfect, no successful alternative to free capital markets has ever been devised. Nevertheless, many theorists are proposing that industrial nations together create a new framework for regulation -- a new international financial architecture -- using measures such as target zones for foreign exchange rates, currency boards, and controls on speculative trading of securities.
David DeRosa presents an emphatically opposing view -- that less, not more regulation is vitally needed. DeRosa demonstrates that public policies have often been dead wrong in concept and application; that so-called controls generate indirect and unintended harmful consequences; and that aggressive intervention is no panacea, even in cases such as the collapse of Long Term Capital Management, the former high-flying hedge fund.
DeRosa presents a rousing argument for putting far greater trust in the markets themselves. He exposes the risks, market distortions, and huge, hidden costs that can result from governmental bailouts and proposed reforms. David DeRosa makes an important contribution to a debate whose outcome will determine the stability and prosperity achievable in an interconnected age.
L'autore: DAVID F. DEROSA is President of DeRosa Research and Trading, Inc. and Adjunct Professor of Finance at the Yale School of Management. He has worked at a number of Wall Street asset management firms and has traded foreign exchange for Swiss Bank Corporation, New York. DeRosa received his PhD in finance and economics from the Graduate School of Business of the University of Chicago. He is the editor of Currency Derivatives (Wiley), and the author of Managing Foreign Exchange Risk. DeRosa also contributes columns on international finance to Bloomberg News.
Condizione libro: New
Descrizione libro Bloomberg Press. Condizione libro: New. New dust jacket. Codice libro della libreria G02A-xxh0024
Descrizione libro Bloomberg Press, Princeton, New Jersey, U.S.A., 2001. Hard Cover. Condizione libro: Near Fine. First Edition Used. 8vo - over 7¾" - 9¾". Codice libro della libreria 0784891
Descrizione libro Bloomberg Press. Hardcover. Condizione libro: As New. This copy appears to be in nearly new condition. Codice libro della libreria G157660036XI2N00
Descrizione libro Bloomberg Press. Hardcover. Condizione libro: Good. Dust Cover Missing. This book has a light amount of wear to the pages, cover and binding. Codice libro della libreria G157660036XI3N01
Descrizione libro Bloomberg Press, 2001. Hardcover. Condizione libro: New. First Edition. Codice libro della libreria DADAX157660036X
Descrizione libro Bloomberg Press, 2001. Hardcover. Condizione libro: Used: Good. Codice libro della libreria SONG157660036X
Descrizione libro Bloomberg Press, 2001. Hardcover. Condizione libro: New. book. Codice libro della libreria 157660036X
Descrizione libro Bloomberg Press, 2001. Hardcover. Condizione libro: Good. Good condition, some are ex-library and can have markings. Codice libro della libreria GD-095-X6-0785510
Descrizione libro Bloomberg Press, 2001. Hardcover. Condizione libro: Very Good. Very good. Codice libro della libreria HH-095-X6-0785510
Descrizione libro Bloomberg Press, 2001. Hardcover. Condizione libro: As New. Like new condition. Codice libro della libreria XX-095-X6-0785510