Fr. 39.90

The Number That Killed Us: A Story of Modern Banking, Flawed Mathematics, and a Big Financial Crisis (Audio book)

English · Audio book

Shipping usually within 3 to 5 weeks (title will be specially ordered)

Description

Read more










In the 1990s regulators and policy makers worried about the risk that financial institutions were carrying. Once the walls between investment and commercial banking came down with the repeal of Glass-Steagall, both trading and lending (and everything in between) were now housed under one roof with institutions freely accessing funds from one part of the institution to the other. But Glass-Steagall had just been repealed so how to fix the risk problem? Where there is a problem, there can usually be found an entrepreneur to give the market the product they want. And thus VAR was born and quickly embraced by financial institutions and regulators as the answer to managing risk. As long as an institutions VAR number was in an acceptable range, it could do what it wanted. Werent we all safer now? As it turns out, the answer was No. The metric not only hid the iceberg lurking beneath the surface but allowed banks to pile on more and greater risk. Each bubble, mania, and crash that emerged in the intervening years became more pronounced, thanks to VAR. In The Number That Killed Us, derivatives expert Pablo Triana takes readers through the development of VAR and shows how it was not only not a tool for accurately measuring risk but allowed banks to take on even greater risks. Embraced worldwide, VAR is just starting to be examined as problematic, led by a coterie of experts such as Nassim Taleb. VAR is a problem. Triana looks at it analytically and uncovers why and how it makes our financial world a more dangerous place.

About the author










Pablo Triana is a successful professor, consultant, and author. He is a frequent contributor to business publications, including the Financial Times, Forbes.com, Breakingviews.com, and Risk magazine, among others. Triana is also the author of Corporate Derivatives and Lecturing Birds on Flying. He holds an MS from New York University and an MA from American University.


Product details

Authors Pablo Triana
Assisted by Mark Ashby (Reader / Narrator)
Publisher Tantor Audio
 
Languages English
Product format CD-Audio (Playing time: 11h 2min)
Released 20.07.2020
 
EAN 9781665192903
ISBN 978-1-66519-290-3
Subject Social sciences, law, business > Business > Economics

Customer reviews

No reviews have been written for this item yet. Write the first review and be helpful to other users when they decide on a purchase.

Write a review

Thumbs up or thumbs down? Write your own review.

For messages to CeDe.ch please use the contact form.

The input fields marked * are obligatory

By submitting this form you agree to our data privacy statement.