Who will Rescue Finance? (Paperback)

Emilio Barucci

ISBN 10: 8885486800 / ISBN 13: 9788885486805

Published by Bocconi University Press, 2019

About this Item

Paperback. The main idea of this book is that the root cause of the financial crisis is the ambition to handle risk as a well-defined commodity that can be traded in the market. The book provides an interpretation of the crisis going beyond simple reconstructions. Finance cannot be rescued by simply referring to ethics or limiting the remuneration of managers. This book is unique in that it covers both the American and the European crisis. Argues that the root cause of the financial crisis is the ambition to handle risk as a well-defined commodity that can be traded in the market. The book provides an interpretation of the crisis going beyond simple reconstructions. Finance cannot be rescued by simply referring to ethics or limiting the remuneration of managers. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.

Seller Inventory # 9788885486805

Bibliographic Details

• Title: Who will Rescue Finance? (Paperback)
• Publisher: Bocconi University Press
• Publication Date: 2019
• Language: English
• ISBN 10: 8885486800
• ISBN 13: 9788885486805
• Binding: Paperback
• Condition: new

About this title

Synopsis

A critical analysis of the financial crisis and the path to restoring credibility in finance.

Who Will Rescue Finance? examines the causes of the 2008 Global Financial Crisis, arguing that the attempt to treat risk as a tradable commodity is a key factor. It blends financial analysis with philosophical and moral questions, re-interpreting the facts and raising important new questions about the value of finance. The book evaluates the roles of academics, bankers, politicians, and regulators, emphasizing that regulation and ethical standards alone are insufficient.

This is for professionals, academics, and anyone with a social conscience seeking a deeper understanding of the financial system's failures and potential solutions. Discover how a well-constructed financial system, guided by ethical considerations, can be a force for good. Question the future role of our financial system and its impact on society.

About the Author

Emilio Barucci is Full Professor of Financial Mathematics at the Department of Mathematics, Politecnico di Milano. He is the Director of the Quantitative Finance Group of the Department of Mathematics, Politecnico di Milano. He is also independent director of Dea Capital Alternative Funds sgr (one of the largest Italian private equity fund) and independent director of the Aviva group in Italy (the first insurance company in UK).