By Frederick L. Feldkamp
"Financial balance describes the commercial, political and criminal antecedents of monetary crises within the western industry economies. via describing how those occasions constructed some time past and the way the markets can be utilized to gauge the specter of destiny contagion, the publication presents a roadmap for the way we will stay away from monetary disruptions and thereby maximize monetary balance and monetary prosperity. The e-book will explain: Measuring ethical probability sooner or later Political response to earlier monetary crises Economics, accounting, legislation, and arithmetic surrounding monetary balance assets of capital and capital needFinancial balance presents funding execs, coverage makers and contributors of the general public with new insights into the workings of the monetary markets and the political economic system during which all of us dwell and work"--
"Describes the industrial, political and criminal antecedents of monetary crises within the western industry economies. by means of describing how those occasions constructed some time past and the way the markets can be utilized to gauge the specter of destiny contagion, the ebook offers a roadmap for the way we will be able to keep away from monetary disruptions and thereby maximize monetary balance and fiscal prosperity"-- �Read more...
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Additional resources for Financial stability : fraud, confidence and the wealth of nations
To do this, it is inevitable that some institutions will stoop to using two measures for investment. Speculation will determine that firm’s actual investments but will not be disclosed. The duplicity of secret speculation benefits managers at the later expense of investors. The use of off‐balance sheet finance, discussed later in this book, is a prime example of this behavior. That is what makes such practices a moral hazard d problem. When the fraud fails, investors have no apparent source for repayment, as illustrated by the tiny recoveries in the $7 billion fraud committed by Allen Stanford.
It was written after the Jews escaped slavery in Egypt and before they reached the Promised Land. By the time the book was composed, settlements of anatomically modern humans existed on every continent. Coming from slavery and having wandered the desert for a considerable time, one can imagine the level of strife and debate within the Jewish tribes over how to treat each other in the face of competition for scarce resources. Deuteronomy seems to be a kind of treaty that lists specific behaviors that followers of Moses required of each other.
The Golden Rule, which emerged around the world near the start of the common era, inverts that proposition. ” The Golden Rule creates an individual obligation to step forward and make peace. The Silver Rule creates a collective obligation to preserve peace by avoiding specific behavior. All financial crises are founded in fraud. Precluding fraud will not end duplicity, so the law in Deuteronomy cannot assure financial stability. Precluding fraud is essential to financial stability, however, since it provides a standard toward which we can aspire and measure actions.