The Predictable Crisis (Paperback)

Lingua: inglese

Editore: Independently Published, 2026

9798171077945

Da: CitiRetail, Stevenage, Regno UnitoCitiRetail

Venditore con 5 stelle

Venditore AbeBooks dal 29 giugno 2022

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Paperback. The Predictable Crisis: Diagnosing Financial Systemic Risk strips away the comforting illusions that underpin our global financial system, revealing why crises are not random acts of fate but predictable outcomes of deeply flawed structures. Far from being stable edifices, financial markets are dynamic, interconnected webs where local disturbances can rapidly escalate into global catastrophes. This groundbreaking book challenges the intellectual hubris that mistakes precision for accuracy, exposing how our reliance on backward-looking models and a fundamental misunderstanding of complex adaptive systems build inherent brittleness into the very foundations of finance. This essential guide delves into the engineered constructs that reinforce the illusion of predictability, from regulatory frameworks and incentive structures to the pervasive narrative of market efficiency. It meticulously diagnoses how bedrock assumptions, particularly concerning the safety of highly-rated securities and the quantification of risk, breed systemic fragility. You will discover how the myth of unassailable safety, perpetuated by high credit ratings, betrays low risk through regulatory arbitrage, rigid investment mandates, the cognitive shortcuts of market participants, and inherent conflicts of interest within the rating agencies themselves. The book further explores how the contagion of interconnectedness, the inertia of conventional thinking, and the intervention paradox contribute to an environment ripe for collapse. By dissecting these critical elements, The Predictable Crisis offers a comprehensive understanding of the forces that drive financial instability. It provides a critical lens to analyze the patterns of failure, the sentiment swings driven by market psychology, and the double-edged nature of innovation. Readers will gain profound insights into the transparency deficit that erodes trust and liquidity, the criticality of loss recognition, and how the echoes of history continue to shape cyclical markets and recurrences. This book empowers you to look beyond surface-level explanations, equipping you with the knowledge to identify the true drivers of systemic risk. The insights within this book will enable you to: - Anticipate and better navigate periods of financial instability and market volatility.- Make more informed decisions in investment, policy, and risk management contexts.- Develop a robust understanding of true financial risk, independent of conventional wisdom and flawed metrics.- Challenge prevailing assumptions and advocate for greater transparency and accountability within financial systems.- Contribute to the development of more resilient and stable economic frameworks. This item is printed on demand. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability.…

Codice articolo 9798171077945

Titolo
The Predictable Crisis (Paperback)
Autore
Ariel Johnson
Editore
Independently Published
Anno di pubblicazione
2026
Condizione
new
Rilegatura
Paperback
Lingua
inglese
ISBN 13
9798171077945

CitiRetail

Stevenage, Regno Unito

Venditore con 5 stelle

Venditore AbeBooks dal 29 giugno 2022

Tariffe di spedizione da Regno Unito a U.S.A.

ArticoloDa 7 a 14 giorni lavorativiDa 7 a 60 giorni lavorativi
Primo articoloEUR 43,41EUR 43,41
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