Lessons from the Financial Crisis - Softcover

Arthur M. Berd

 
9781906348472: Lessons from the Financial Crisis

Synopsis

The ongoing credit crisis is perhaps the biggest economic calamity we have experienced since the 1930s, and has dramatically and fundamentally changed the financial, economic and social landscape of the world. Immediate reactions to the crisis lay in the identification, treatment and management of its symptoms with some strong medicine. However, like in most chronic illnesses, the suppression of symptoms may not cure the illness but rather shift it elsewhere. This book will provide the reader with analysis on the roots of the credit crisis for understanding what went wrong and what will help avoid repeating this in the future. Containing both academic analysis and practical insights from renowned researchers and leading authorities such as John Hull and Stuart Turnbull, all aspects of the crisis which has defined a generation will be rigorously examined. The book's six sections focus on: - The Roots of the Crisis - The Impact on the Markets - Risk Management and Regulation - Quantitative Modelling - Market Efficiency and Stability - Lessons for Investors Lessons from the Financial Crisis is an essential and comprehensive resource for market participants, researchers, regulators, academics and governments worldwide.

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About the Author

Arthur M. Berd is the Head of Macro Volatility Strategies at Capital Fund Management (CFM), a hedge fund specializing in systematic investment management, headquartered in Paris. He is a well known industry expert in credit modeling, quantitative investment strategies, and portfolio and risk management. Prior to joining CFM, Arthur was the Head of Quantitative Market Strategies at BlueMountain Capital Management, a leading credit hedge fund in New York. Prior to that, he was a Senior Vice President at Lehman Brothers where he was responsible for a variety of quantitative credit models and strategies across corporate bonds and credit derivatives, and was instrumental in portfolio and risk advisory activities for the Firm s largest clients. Before joining Lehman Brothers in 2001, he was a Vice President at Goldman Sachs Asset Management, focusing on risk management and quantitative portfolio analysis. Arthur holds a Ph.D. in physics from Stanford University. He is an author of more than 30 publications in refereed journals and industry publications, and a frequently invited speaker at major industry conferences. He is a member of the editorial board of the Journal of Credit Risk, and the coordinator of the quantitative finance (q-fin) section in arXiv, a global electronic research repository.

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