Research Catalog

Title

Other people's money : masters of the universe or servants of the people? / John Kay.

Author

Kay, J. A. (John Anderson)

Publication

London : Profile Books Ltd, 2015.

Items in the Library & Off-site

Details

Description

xii, 356 pages; 23 cm

Alternative Title

Masters of the universe or servants of the people?

Subjects

• Financial services industry
• Kreditwesen
• Profit
• Banks and banking
• Finanzwirtschaft
• Finance
• Financial institutions

Bibliography (note)

• Includes bibliographical references and index.

Contents

Pt. I. Financialisation: 1. History: The road to Pottersville -- The rise of the trader -- New markets, new businesses -- From crisis to crisis -- The robber barons -- We are the 1 per cent -- 2.Risk: Cows, coffee and credit default swaps -- Chasing the dream -- Adverse selection and moral hazard -- 3. Intermediation: The role of the middleman -- Liquidity -- Diversification -- Leverage -- 4. Profits: Smarter people -- Competition -- The Edge -- Regulatory arbitrage -- I'll be gone, you'll be gone -- How profitable is the finance sector? -- pt. II. The functions of finance: 5.Capital allocation: Physical assets -- Housing -- Property and infrastructure -- Large companies -- Financing small and medium-size enterprises -- 6.The deposit channel: Household wealth -- The payment system -- The activities of the deposit channel -- 7.The investment channel: Stewardship -- A bias to action -- The role of the asset manager -- pt. III. Policy: 8.Regulation: The origins of financial regulation -- The Basel agreements -- Securities regulation -- The regulation industry -- What went wrong -- 9. Economic policy: Maestro -- Financial markets and economic policy -- Pensions and inter-generational equity -- Consumer protection -- The British dilemma -- 10. Reform: Principles of reform -- Robust systems and complex structures -- Other people's money -- The reform of structure -- Personal responsibility -- 11.The future of finance.

ISBN

• 9781781254431
• 1781254435
• 9781782831549 (ePub ebook) (canceled/invalid)

LCCN

• 60002073136
• (YBP)12324659

OCLC

• ocn922542179
• 922542179
• SCSB-9427683

Owning Institutions

Columbia University Libraries