{"product_id":"9780470689967","title":"Alchemists of Loss: How modern finance and government intervention crashed the financial system","description":"\u003cp\u003eAn engaging look at how modern finance almost destroyed our global economy\u003c\/p\u003e \u003cp\u003eOver the last thirty years, capital markets have been restructured through the tenets of modern finance. This has been enormously profitable for the financial services sector. However, these innovations, coupled with unsound risk and regulatory practices have proved disastrous for the global economy.\u003c\/p\u003e \u003cp\u003eIn a clear and accessible style, ex-investment banker and financial journalist Martin Hutchinson, and highly respected academic, Kevin Dowd show how modern finance combined with easy money threatened to bring down the world financial system. At the heart of the book is modern finance as a U.S. invention, the theories and practices associated with them, and the changes they made in business models and risk management on Wall Street and other major financial centers.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eBreaks down the events involved in the 2007-08 financial collapse\u003c\/li\u003e \u003cli\u003eReveals how botched policy response made a bad situation worse\u003c\/li\u003e \u003cli\u003eFocuses on lessons that the practice of finance must learn from recent events\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eThe Alchemists of Loss\u003c\/i\u003e will help you to understand how our financial system crashed \u003ci\u003eand\u003c\/i\u003e show you what it will take to make sure this won't happen again as we move forward.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47126310453488,"sku":"9780470689967","price":32.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9780470689967_p0.jpg?v=1763706574","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9780470689967","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}