THE MONEY FORMULA

Author: Paul Wilmott,David Orrell

Paul Wilmott,David Orrell (Author)
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9781119358619
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AuthorPaul Wilmott,David Orrell Leadtime to ship in days (default)Usually ship in 25-30 working Days / If Out of stock will take 25-30 working days for procurement PublisherJohn Wiley & Sons

Explore the deadly elegance of finance′s hidden powerhouse

The Money Formula takes you inside the engine room of the global economy to explore the little–understood world of quantitative finance, and show how the future of our economy rests on the backs of this all–but–impenetrable industry. Written not from a post–crisis perspective but from a preventative point of view this book traces the development of financial derivatives from bonds to credit default swaps, and shows how mathematical formulas went beyond pricing to expand their use to the point where they dwarfed the real economy. You′ll learn how the deadly allure of their ice–cold beauty has misled generations of economists and investors, and how continued reliance on these formulas can either assist future economic development, or send the global economy into the financial equivalent of a cardiac arrest.

Rather than rehash tales of post–crisis fallout, this book focuses on preventing the next one. By exploring the heart of the shadow economy, you′ll be better prepared to ride the rough waves of finance into the turbulent future.

  • Delve into one of the world′s least–understood but highest–impact industries
  • Understand the key principles of quantitative finance and the evolution of the field
  • Learn what quantitative finance has become, and how it affects us all
  • Discover how the industry′s next steps dictate the economy′s future

How do you create a quadrillion dollars out of nothing, blow it away and leave a hole so large that even years of "quantitative easing" can′t fill it and then go back to doing the same thing? Even amidst global recovery, the financial system still has the potential to seize up at any moment. The Money Formula explores the how and why of financial disaster, what must happen to prevent the next one.

Books
Author
Paul Wilmott,David Orrell
Binding
Paperback
Condition Type
New
Country Origin
USA
Edition
1st
Gift Wrap
N
Leadtime to ship in days (default)
Usually ship in 25-30 working Days / If Out of stock will take 25-30 working days for procurement
Leadtime to ship in days(if not in stock)
Usually ship in 25-30 working Days 
Page
245
Publisher
John Wiley & Sons
Year
2017
Dimensions
Dimensions (W x H x D)
15 x 1.5 x 22.4
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