Author: Walter Bagehot
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 380

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Book Description

Author: Perry Mehrling
Publisher: Princeton University Press
ISBN: 1400836263
Category : Business & Economics
Languages : en
Pages : 189

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Book Description
How the U.S. Federal Reserve began actively intervening in markets Walter Bagehot's Lombard Street, published in 1873 in the wake of a devastating London bank collapse, explained in clear and straightforward terms why central banks must serve as the lender of last resort to ensure liquidity in a faltering credit system. Bagehot's book set down the principles that helped define the role of modern central banks, particularly in times of crisis—but the recent global financial meltdown has posed unforeseen challenges. The New Lombard Street lays out the innovative principles needed to address the instability of today's markets and to rebuild our financial system. Revealing how we arrived at the current crisis, Perry Mehrling traces the evolution of ideas and institutions in the American banking system since the establishment of the Federal Reserve in 1913. He explains how the Fed took classic central banking wisdom from Britain and Europe and adapted it to America's unique and considerably more volatile financial conditions. Mehrling demonstrates how the Fed increasingly found itself serving as the dealer of last resort to ensure the liquidity of securities markets—most dramatically amid the recent financial crisis. Now, as fallout from the crisis forces the Fed to adapt in unprecedented ways, new principles are needed to guide it. In The New Lombard Street, Mehrling persuasively argues for a return to the classic central bankers' "money view," which looks to the money market to assess risk and restore faith in our financial system.

Author: James Grant
Publisher: W. W. Norton & Company
ISBN: 0393609200
Category : Biography & Autobiography
Languages : en
Pages : 428

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Book Description
“Excellent… and written in a gripping style.” —The Economist During the upheavals of 2007–09, the chairman of the Federal Reserve had the name of one Victorian icon on the tip of his tongue: Walter Bagehot. Banker, man of letters, and inventor of the Treasury bill, Bagehot prescribed the doctrines that—decades later—inspired the radical responses to the world’s worst financial crises. Persuasive and precocious, he was also the esteemed editor of the Economist. He offered astute commentary on the financial issues of his day, held sway in political circles, made as many high-profile friends as enemies, and won the admiration of Matthew Arnold and Woodrow Wilson. Drawing on a wealth of historical documents, correspondence, and publications, James Grant paints a vivid portrait of the banker and his world.

Author: Bruce Sawle
Publisher: John Wiley & Sons
ISBN: 0470647302
Category : Photography
Languages : en
Pages : 221

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Book Description
A compact, full-color companion guide to photographing San Francisco! Whether using a full-featured compact camera or a high-end dSLR, this companion guide provides you with detailed information for taking stunning shots of beautiful San Francisco. Whether you aim to capture breathtaking photos of the majestic Golden Gate Bridge, crooked Lombard Street, infamous Alcatraz, or unique Victorian homes, this portable resource goes where you go and walks you through valuable tips and techniques for taking the best shot possible. You'll discover suggested locations for taking photos, recommended equipment, what camera settings to use, best times of day to photograph specific attractions, how to handle weather challenges, and more. In addition, lovely images of San Francisco's most breathtaking attractions and recognizable landmarks serve to both inspire and assist you as you embark on an amazing photographic adventure! Elevates your photography skills to a new level with photography secrets from professional photographer Bruce Sawle Presents clear, understandable tips and techniques that span all skill levels, using all types of digital cameras, from compacts to high end DSLRs Features San Fransisco's main attractions in alphabetical order as well as thumb tabs on the pages so you can quickly and easily access the information you are looking for Shares detailed information and insight on critical topics, such as ideal locations to photograph from, the best time of day to shoot, camera equipment to have handy, weather conditions, and optimal camera settings to consider Whether you're a local familiar with the territory or a visitor seeing San Francisco for the first time, this handy guide will help you capture fantastic photos!

Author: Mervyn King
Publisher: W. W. Norton & Company
ISBN: 0393247031
Category : Business & Economics
Languages : en
Pages : 214

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Book Description
“Mervyn King may well have written the most important book to come out of the financial crisis. Agree or disagree, King’s visionary ideas deserve the attention of everyone from economics students to heads of state.” —Lawrence H. Summers Something is wrong with our banking system. We all sense that, but Mervyn King knows it firsthand; his ten years at the helm of the Bank of England, including at the height of the financial crisis, revealed profound truths about the mechanisms of our capitalist society. In The End of Alchemy he offers us an essential work about the history and future of money and banking, the keys to modern finance. The Industrial Revolution built the foundation of our modern capitalist age. Yet the flowering of technological innovations during that dynamic period relied on the widespread adoption of two much older ideas: the creation of paper money and the invention of banks that issued credit. We take these systems for granted today, yet at their core both ideas were revolutionary and almost magical. Common paper became as precious as gold, and risky long-term loans were transformed into safe short-term bank deposits. As King argues, this is financial alchemy—the creation of extraordinary financial powers that defy reality and common sense. Faith in these powers has led to huge benefits; the liquidity they create has fueled economic growth for two centuries now. However, they have also produced an unending string of economic disasters, from hyperinflations to banking collapses to the recent global recession and current stagnation. How do we reconcile the potent strengths of these ideas with their inherent weaknesses? King draws on his unique experience to present fresh interpretations of these economic forces and to point the way forward for the global economy. His bold solutions cut through current overstuffed and needlessly complex legislation to provide a clear path to durable prosperity and the end of overreliance on the alchemy of our financial ancestors.

Author: Frederick George Hilton Price
Publisher:
ISBN:
Category : Lombard Street (London, England)
Languages : en
Pages : 226

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Author: Aaron Brown
Publisher: John Wiley & Sons
ISBN: 1118161106
Category : Business & Economics
Languages : en
Pages : 323

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Book Description
Wall Street is where poker and modern finance?and the theory behind these "games"?clash head on. In both worlds, real risk means real money is made or lost in a heart beat, and neither camp is always rational with the risk it takes. As a result, business and financial professionals who want to use poker insights to improve their job performance will find this entertaining book a "must read." So will poker players searching for an edge in applying the insights of risk-takers on Wall Street.

Author: Janice Kerbel
Publisher:
ISBN:
Category : Art, English
Languages : en
Pages : 110

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Book Description
Tiré du site Internet de Book Works: "15 Lombard St. is a rigorously researched masterplan of how to rob a particular bank in the City of London. By observing the daily routine in and around the bank, Kerbel reveals the most detailed security measures such as: the exact route and time of money transportation; the location of CCTV cameras in and around the bank along with precise floor plans that mark the building's blind spots. Kerbel's meticulous plans include every possible detail required to commit the perfect crime. The ubiquitous fantasy of a bank robbery functions as a backdrop for Kerbel's "play of subversion". By surveying surveillance Kerbel shows how different systems are interrelated, forming a web of control. Kerbel's aim is not simply to subvert but to emphasise the fact that the idea of absolute control and the fantasy of robbing a bank are interconnected and mutually sustaining."

Author: Pat Montandon
Publisher: Coward McCann
ISBN:
Category : Body, Mind & Spirit
Languages : en
Pages : 294

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Book Description
Almost five years have passed since the events recorded in these pages, events which affected not only me personally, close bonds of affection. The distress, the anguish I suffered over a relatively short period of years made me reluctant to reopen old wounds. For a long time I shut off all recollection.

Author: Saint Thomas Aquinas
Publisher: CUA Press
ISBN: 0813215250
Category : Biography & Autobiography
Languages : en
Pages : 439

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Book Description
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