Financial Stability / Wiley Finance Editions (ePub)

Applying the Lessons of History to Understanding Fraud Today and
Tomorrow

Financial Stability provides a roadmap by which the world
can anticipate and avoid future financial disruptions. This unique
discussion of past and present financial events offers new insights
that explain economic, political, and legal antecedents of
financial crises in Western markets. With a detailed discussion of
the history of finance, this book shows modern investors and
finance professionals how to learn from past successes and failures
to gauge future market threats.

Readers will gain new insight into the antecedents of todays
financial markets and the political economy that surrounds them.
Armed with this knowledge, they will be able to craft a strategy
that steers away from financial disorder and toward maximum
stability. Coverage includes discussion of capital, forecasting,
and political reaction, and past, present, and future applications
within all realms of business. The companion website offers
additional data and research, providing a complete resource for
those seeking a better understanding of the risk at hand.

As the world struggles to emerge from the latest financial
crisis, professionals in finance, the law and other disciplines,
and the people they advise, are searching for understanding to
avoid future crises. Financial Stability argues that the
best lessons are learned from our own mistakes, and that the
ability to look ahead depends upon our willingness to look back.
Readers will:

* Review the historical laws, practices, and outcomes that shaped
the modern day financial markets of the great western
economies

* Understand the theory of financial stability, the roles of law
and transparency, and the importance of action to punish fraud in
order to prevent future contagion

* Work through the theoretical proofs in terms of math, law,
accounting, economics, philosophy, and international trade

* Build a strategy for the future with consideration toward
needs, sources, balance, and learning from past mistakes

Everywhere around the globe, at all points in history, financial
crises have always been rooted in the confluence of politics,
finance, and law. Financial Stability puts the latest global
financial crisis in perspective, highlighting the lessons we have
already learned, and those we need to internalize today.