Lyt når som helst, hvor som helst

Nyd den ubegrænsede adgang til tusindvis af spændende e- og lydbøger - helt gratis

  • Lyt og læs så meget du har lyst til
  • Opdag et kæmpe bibliotek fyldt med fortællinger
  • Eksklusive titler + Mofibo Originals
  • Opsig når som helst
Start tilbuddet
DK - Details page - Device banner - 894x1036

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

1 Anmeldelser

4

Længde
11T 1M
Sprog
Engelsk
Format
Kategori

Økonomi & Business

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 But Glass-Steagall had just been repealed so how to fix the risk problem?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. Weren't 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.

© 2020 Tantor Media (Lydbog): 9781705262825

Release date

Lydbog: 20. juli 2020

Andre kan også lide...

Vælg dit abonnement

  • Over 600.000 titler

  • Download og nyd titler offline

  • Eksklusive titler + Mofibo Originals

  • Børnevenligt miljø (Kids Mode)

  • Det er nemt at opsige når som helst

Flex

For dig som vil prøve Mofibo.

89 kr. /måned
  • 1 konto

  • 20 timer/måned

  • Gem op til 100 ubrugte timer

  • Eksklusivt indhold hver uge

  • Fri lytning til podcasts

  • Ingen binding

Prøv gratis
Den mest populære

Premium

For dig som lytter og læser ofte.

129 kr. /måned
  • 1 konto

  • 100 timer/måned

  • Eksklusivt indhold hver uge

  • Fri lytning til podcasts

  • Ingen binding

Start tilbuddet

Unlimited

For dig som lytter og læser ubegrænset.

149 kr. /måned
  • 1 konto

  • Ubegrænset adgang

  • Eksklusivt indhold hver uge

  • Fri lytning til podcasts

  • Ingen binding

Start tilbuddet

Family

For dig som ønsker at dele historier med familien.

Fra 179 kr. /måned
  • 2-6 konti

  • 100 timer/måned pr. konto

  • Fri lytning til podcasts

  • Kun 39 kr. pr. ekstra konto

  • Ingen binding

2 konti

179 kr. /måned
Prøv gratis