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Informationen zum Autor Allan M. Malz has been chief risk officer at several multi-strategy hedge fund management firms. He worked at the Federal Reserve Bank of New York as a researcher and foreign exchange trader, and helped implement the Fed's emergency liquidity programs addressing the global financial crisis. Malz is an investment consultant and adjunct professor at Columbia University, and the author of Financial Risk Management: Models, History, and Institutions . His work on predicting financial crises and on risk measurement for options has been published in industry and academic journals. He holds a Ph.D. from Columbia and a Diplom from Ludwig-Maximilians-Universität München. Klappentext Praise for Contemporary Finance " Contemporary Finance is another tour de force treatise from Allan Malz, building on but extending the coverage of his earlier book Financial Risk Management to bring it up to date in a world of financial fragility and interconnected complexity. Dr. Malz is a gifted expositor who approaches the subject from the vantage point of both a market risk manager and a scholar of finance theory. I've been working on these topics for four decades and learn something new in every chapter. Moreover, the material I think I knew I now know how to teach thanks to Allan's books." -Richard Clarida, Harriss Professor of Economics, Columbia University; Global Economic Advisor, PIMCO; former Vice Chair, Federal Reserve 2018-2022 " Contemporary Finance covers many key issues in finance. For example, it explains the nature of financial markets, how financial securities are priced, and risk management practices. It concludes with chapters on monetary policy and regulation. An important question for any book used in the classroom is: 'Will students want to keep the book after the course is over?' I am confident that students will continue to want to use Contemporary Finance once they become practitioners. The book blends theory and practice in an engaging way that is useful for all who work (or would like to work) in finance." -John C. Hull, Professor of Finance, Rotman School of Management, University of Toronto Appreciate the complexities underlying the world of finance Contemporary Finance is a textbook for finance professionals, undergraduates and graduate students. It covers the basic finance theory required to understand the contemporary financial world and builds on that theory in a detailed yet comprehensible way. Contemporary Finance introduces readers to markets and institutions as well as to the government policy framework within which they operate. Suitable for students at all levels, this book connects theories and concepts directly to real-world events and examples. It includes case studies such as the London Whale and GameStop trading episodes, so readers can relate theoretical concepts to reality by studying their relevance to recent market events. With its focus on recent developments and global markets, Contemporary Finance is an excellent choice for professionals and academics looking to improve or update their understanding of financial economics. By aiming for integration across topics rather than siloed explanations of individual subjects, Contemporary Finance offers readers a practically applicable foundation of knowledge that will serve them well in public service or the private sector. Today's learners need a contemporary, applied approach to the study of finance-this is it. Inhaltsverzeichnis List of Figures xiii List of Tables xvii Preface xix About the Author xxi Part I Finance in the Economic System 1 1 Functions and Structure of the Financial System 3 1.1 Functions of the Financial System 3 1.2 Market Participants, Intermediaries, and Go...
