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Other people's money : the real business of finance / John Kay.

By: Material type: TextTextLanguage: English Publisher: New York : PublicAffairs, [2015]Edition: First US editionDescription: xiii, 336 p. : ill. ; 24 cmContent type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
ISBN:
  • 9781610396035 (hardcover)
  • 1610396030 (hardcover)
Subject(s): LOC classification:
  • HG 4521 K23o 2015
Online resources:
Contents:
Prologue : The parable of the ox -- Introduction : Far too much of a good thing -- Part I. Financialisation. History ; Risk; Intermediation; Profits -- Part II. The functions of finance. Capital allocation ; The deposit channel ; The investment channel -- Part III. Regulation ; Economic policy ; Reform ; The future of finance -- Epilogue : The emperor's guard's new clothes.
Summary: "The finance sector of Western economies is too large and attracts too many of the smartest college graduates. Financialization over the past three decades has created a structure that lacks resilience and supports absurd volumes of trading. The finance sector devotes too little attention to the search for new investment opportunities and the stewardship of existing ones, and far too much to secondary market dealing in existing assets. Regulation has contributed more to the problems than the solutions"--Dust jacket flap.
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Holdings
Item type Current library Home library Collection Shelving location Call number Copy number Status Barcode
Libro Libro Biblioteca Juan Bosch Biblioteca Juan Bosch Ciencias Sociales Ciencias Sociales (3er. Piso) HG 4521 K23o 2015 (Browse shelf(Opens below)) 1 Available 00000132560

"The finance sector of Western economies is too large and attracts too many of the smartest college graduates. Financialization over the past three decades has created a structure that lacks resilience and supports absurd volumes of trading. The finance sector devotes too little attention to the search for new investment opportunities and the stewardship of existing ones, and far too much to secondary market dealing in existing assets. Regulation has contributed more to the problems than the solutions"--Front dust jacket flap.

Includes bibliographical references (pages 297-320) and index.

Prologue : The parable of the ox -- Introduction : Far too much of a good thing -- Part I. Financialisation. History ; Risk; Intermediation; Profits -- Part II. The functions of finance. Capital allocation ; The deposit channel ; The investment channel -- Part III. Regulation ; Economic policy ; Reform ; The future of finance -- Epilogue : The emperor's guard's new clothes.

"The finance sector of Western economies is too large and attracts too many of the smartest college graduates. Financialization over the past three decades has created a structure that lacks resilience and supports absurd volumes of trading. The finance sector devotes too little attention to the search for new investment opportunities and the stewardship of existing ones, and far too much to secondary market dealing in existing assets. Regulation has contributed more to the problems than the solutions"--Dust jacket flap.

Originally published: Great Britain : Profile Books Ltd., 2015, under title: Other people's money : masters of the universe or servants of the people? 9781781254431

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