Plumbers And Visionaries

Author : Peter Norman
Publisher : John Wiley & Sons
ISBN 13 : 0470994398
Total Pages : 364 pages
Book Rating : 4.99/5 ( download)

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Download or read book Plumbers and Visionaries written by Peter Norman and published by John Wiley & Sons. This book was released on 2008-07-31 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: Plumbers and Visionaries: Securities Settlement and Europe’s Financial Market is a path-breaking account of the history and future of the securities settlement industry in Europe. Written by experienced journalist and author, Peter Norman, this book takes a look at the less visible, but nevertheless critical segment of the global capital markets, following the development of securities settlement across Europe’s frontiers. It encompasses the free-wheeling days of the Eurobond market in the 1960s, through the growing integration of the European Union, to the highly regulated and efficient multi-trillion euro business securities settlement it is today. This book is the story of a financial sector that has grown hugely in importance in the 40 years since Euroclear, now the world’s premier settlement system for domestic and international securities transactions, was created to deal with a settlement crisis that threatened to smother the international capital market in its infancy. Beginning with the settlement crisis in the Eurobond market, this book describes how Euroclear and later Cedel, its arch-rival, were founded to deal with the problem. It follows the challenges posed by cross-border settlement for a growing range of securities when most financial infrastructures operated only within national frontiers. The book demonstrates how securities settlement became an issue for public policy after the stock market crash of 1987 and how the problems of cross-border settlement moved rapidly up the European policy agenda after the euro’s launch. More than a mere history, this book engages with the people who created the modern European securities settlement industry and taps into the often entertaining memories of its founding fathers. This book also focuses on the difficulties and challenges of cross-border transactions which have been identified as hampering Europe’s economic growth. It looks at the present state of the industry seeking a way forward so that the securities settlement infrastructure will better serve a single European capital market.

Author : Chris O'Malley
Publisher : John Wiley & Sons
ISBN 13 : 1118843886
Total Pages : 293 pages
Book Rating : 4.88/5 ( download)

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Download or read book Bonds without Borders written by Chris O'Malley and published by John Wiley & Sons. This book was released on 2015-01-12 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bonds without Borders tells the extraordinary story of how the market developed into the principal source of international finance for sovereign states, supranational agencies, financial institutions and companies around the world. Written by Chris O'Malley – a veteran practitioner and Eurobond market expert- this important resource describes the developments, the evolving market practices, the challenges and the innovations in the Eurobond market during its first half- century. Also, uniquely, the book recounts the development of security and banking regulations and their impact on the development of the international securities markets. In a corporate world crying out for financing, never has an understanding of the international bond markets and how they work been more important.Bonds without Bordersis therefore essential reading for those interested in economic development and preserving a free global market for capital.

Author : Diehl, Martin
Publisher : IGI Global
ISBN 13 : 1466687460
Total Pages : 411 pages
Book Rating : 4.62/5 ( download)

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Download or read book Analyzing the Economics of Financial Market Infrastructures written by Diehl, Martin and published by IGI Global. This book was released on 2015-08-17 with total page 411 pages. Available in PDF, EPUB and Kindle. Book excerpt: The prosperity and stability of any economic structure is reliant upon a foundation of secure systems that regulate the movement of money across the globe. These structures have become an integral part of contemporary society by reducing monetary risk and increasing financial security. Analyzing the Economics of Financial Market Infrastructures is a pivotal reference source for the latest scholarly research on the current developments in financial systems and how these processes are evolving due to new regulations and technical advances. Featuring extensive coverage on a range of relevant topics on payment systems, central securities depositories, central counterparties, and trade repositories, this book is an essential reference source for professionals in the financial sector, analysts, IT professionals, and academicians concerned with emerging research on financial markets. This book features timely, research-based chapters on a variety of crucial topics including, but not limited to, payment timing, multi-layer networks, transaction simulations, payment system analysis, and regulation of financial marketplaces.

Author : Peter Norman
Publisher : John Wiley & Sons
ISBN 13 : 1119977940
Total Pages : 403 pages
Book Rating : 4.40/5 ( download)

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Download or read book The Risk Controllers written by Peter Norman and published by John Wiley & Sons. This book was released on 2011-09-07 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: Clearing houses, or CCPs, were among the very few organisations to emerge from the global financial crisis with their standing enhanced. In the chaotic aftermath of the bankruptcy of Lehman Brothers, they successfully completed trades worth trillions of dollars in a multitude of financial instruments across listed and over-the-counter markets, and so helped avert financial Armageddon. That success transformed the business of clearing. Governments and regulators around the world gave CCPs and the clearing services they provide a front-line role in protecting the global economy from future excesses of finance. CCPs, which mitigate risk in financial markets, responded by greatly expanding their activities, notably in markets for over-the-counter derivatives, and often in fierce competition with one another. In The Risk Controllers, journalist and author Peter Norman describes how CCPs operate, how they handled the Lehman default, and the challenges they now face. Because central counterparty clearing is a complex business with a long history that continues to influence decisions and structures even in today’s fast changing world, The Risk Controllers explores the development of CCPs and clearing from the earliest times to the present. It draws on the experiences of the people who helped to shape the business of clearing today. It sets the development of CCPs and clearing in the broader context of changes in society, politics and regulation. The book examines turning points, such as the 1987 stock market crash, that set clearing on a new path and the impact of long running trends, including the exponential growth of computer power and the ebb and flow of globalisation. Written in non-technical language, The Risk Controllers provides a unique and accessible guide to CCPs and clearing. It is essential reading for clearing professionals, legislators and regulators whose job it is to take this vitally important business into the future. “The recent crisis has, thankfully, renewed interest in the importance of central counterparties: how they can help preserve stability or, as Hong Kong showed in 1987, undermine stability if they are not super sound. Peter Norman’s book places the role of clearing houses in a historical context, and explains why the financial system’s plumbing matters so much. It should be read by anyone interested in building safer capital markets.” Paul Tucker, Deputy Governor Financial Stability, Bank of England

Author : Clare Cooley
Publisher : MotherSon Productions LLC
ISBN 13 : 1737076209
Total Pages : 318 pages
Book Rating : 4.09/5 ( download)

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Download or read book Incandescence written by Clare Cooley and published by MotherSon Productions LLC. This book was released on 2021-05-15 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Clare Cooley's true-life story is a riveting and intensely textural journey of amazing adventure, profound creativity, and punishing endurance through unimaginable life events. Cooley is fueled by her amazing spirit, artistic exploration, and an outright will to thrive, not just survive, over a lifetime of extreme challenges. Although her story is harsh and disturbing at times, it is also filled with beauty, inspiration, and life lessons for all." Mark Eveslage—Emmy Award-Winning Cinematographer "Clare's stories are well-written, entertaining, yet bittersweet, and they contain universal themes that surely will resonate with readers. Cooley's tales reveal the dramatic story of a woman who overcame enormous obstacles through determination and creativity. The subject matter is timely and can help many. As a writer, Clare has her own unique and articulate voice. This book will help others confront their own demons." Claire Kirch—Publishing Industry Veteran "Incandescence is the transformative book for our times, taking us from a dark and hopeless state to an iridescent and wondrous awareness borne by loss and humility, infused by a profound connection to the natural world, and forged by love's indomitable spirit." Sumner Matteson—Author of Afield: Portraits of Wisconsin Naturalists, Empowering Leopold’s Legacy Sixteen-year-old Clare Cooley is standing on an overpass, thinking about jumping into the traffic below. At her young age, she has yet to kiss a boy, but she is pregnant after being raped and faces a choice—surrender to the darkness or rise above it. Clare Cooley’s powerful and provocative memoir chronicles her journey from growing up in a dangerously dysfunctional family to becoming a self-made successful prolific artist. No one in her chaotic family noticed when she stopped attending school regularly at seven years old, and she did not return until she was asked to teach in her twenties. Cooley’s evocative stories follow her saga hitchhiking with truckers, fasting alone for three days on a mountaintop, being one of the first females to work with the longshoremen on Lake Superior, innocently ending up in jail, nearly perishing at sea, and being deported from a country. Cooley fearlessly reflects on moments of great adversity and expanding epiphany, dealing with abuse, addiction, suicide, teen motherhood, misogyny, raising her damaged drug addicted sister’s children, and confronting her father about his violent crimes. Cooley writes eloquently and authentically about growing up a sensitive, free-spirited daughter of a brilliant but broken pedophile father and a gentle artist mother. Cooley charts her sojourn from her first home in a quonset hut in the Arizona desert, to bouncing around the country with her family, then leaving home at seventeen to travel the U.S. alone, sometimes living in a tent, a teepee, a car, and an abandoned building. Cooley reflects on the power of facing painful truths, expressing them, and healing. A deeply vulnerable narrative that explores transcendence through artistic expression, Incandescence is dark and luminous, personal, and universal. Cooley chronicles the dark times in her life and how her focus on creativity helped her transform it into art. Cooley developed an arts curriculum that she taught to all grade levels, including universities and institutions and created a career as a creativity coach, sharing what she learned about the capability of expression to transform adversity into advantage through art. Cooley’s authentic voice shines through with heart and whimsy in her insightful illuminations of decades of prolific creativity, inner exploration, and meditations on what makes people happy. As evidence of her rise above darkness, Cooley’s masterful art offers moments of serenity between chapters.

Author : Alberto Alesina
Publisher : University of Chicago Press
ISBN 13 : 0226012859
Total Pages : 624 pages
Book Rating : 4.58/5 ( download)

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Download or read book Europe and the Euro written by Alberto Alesina and published by University of Chicago Press. This book was released on 2010-04-15 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is rare for countries to give up their currencies and thus their ability to influence such critical aspects of their economies as interest and exchange rates. Yet ten years ago a number of European countries did exactly that when they adopted the euro. Despite some dissent, there were a number of arguments in favor of this policy change: it would facilitate exchange of goods, money, and people by decreasing costs; it would increase trade; and it would enhance efficiency and competitiveness at the international level. A decade is an ideal time frame over which to evaluate the success of the euro and whether it has lived up to expectations. To that aim, Europe and the Euro looks at a number of important issues, including the effects of the euro on reform of goods and labor markets; its influence on business cycles and trade among members; and whether the single currency has induced convergence or divergence in the economic performance of member countries. While adoption of the euro may not have met the expectations of its most optimistic proponents, the benefits have been many, and there is reason to believe that the euro is robust enough to survive recent economic shocks. This volume is an essential reference on the first ten years of the euro and the workings of a monetary union.

Author : Malliaris Anastasios G
Publisher : World Scientific
ISBN 13 : 9814566934
Total Pages : 844 pages
Book Rating : 4.33/5 ( download)

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Download or read book The World Scientific Handbook Of Futures Markets written by Malliaris Anastasios G and published by World Scientific. This book was released on 2015-08-06 with total page 844 pages. Available in PDF, EPUB and Kindle. Book excerpt: The World Scientific Handbook of Futures Markets serves as a definitive source for comprehensive and accessible information in futures markets. The emphasis is on the unique characteristics of futures markets that make them worthy of a special volume. In our judgment, futures markets are currently undergoing remarkable changes as trading is shifting from open outcry to electronic and as the traditional functions of hedging and speculation are extended to include futures as an alternative investment vehicle in traditional portfolios. The unique feature of this volume is the selection of five classic papers that lay the foundations of the futures markets and the invitation to the leading academics who do work in the area to write critical surveys in a dozen important topics.

Author : Troels Krarup
Publisher : Taylor & Francis
ISBN 13 : 1000933202
Total Pages : 169 pages
Book Rating : 4.08/5 ( download)

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Download or read book The Knowledge Problems of European Financial Market Integration written by Troels Krarup and published by Taylor & Francis. This book was released on 2023-08-18 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the creation of the euro and a European Central Bank, the European Union has persistently pursued financial market integration throughout periods of economic growth, membership enlargements, financial breakdown, and political crisis. While traditionally analysed in terms of clashing ideological orientations and strategic political interests, this book presents a novel and empirically grounded perspective on the issues around financial market integration by approaching them in terms of the knowledge problems that actors face. Drawing on European legal texts, policy documents and interviews with regulators, central bankers, and financial market professionals, this book is rich in empirical detail which reveals a close-knit set of knowledge problems, or paradoxes, of ‘the market’. These paradoxes are irreducible to a particular political ideology or national interests because they are rooted in the conceptual structure of the European treaties. Moreover, while these knowledge problems present themselves as uncertainties, tensions, and conflicts in practice, they also echo persistent conceptual and theoretical controversies in the field of economics. Indeed, this book demonstrates how ‘the market’ is adopted from economic theory into European treaty law, resulting in central bankers and regulators struggling with knowledge problems and conflicts paralleling classic debates in the academic discipline. This book will be of significant interest to political economists working on European economic integration and money and finance as well as readers of heterodox economics, economic sociology, and political and social theory more broadly.

Author : Mark Manning
Publisher : OUP Oxford
ISBN 13 : 0191610119
Total Pages : 256 pages
Book Rating : 4.10/5 ( download)

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Download or read book The Economics of Large-value Payments and Settlement written by Mark Manning and published by OUP Oxford. This book was released on 2009-09-24 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Central banks have over the past few years devoted considerable resource to the study of the economics of payments. In parallel, this field has begun to establish itself as a new subject for scholarly research, drawing in academic students and researchers. To date, however, there has been little attempt to draw together the key insights gained from this growing body of research. This volume seeks to offer just such a synthesis. It charts the frontier of our knowledge to date and puts it in the context of a comprehensive overview of the policy issues faced by central banks in this sphere. In particular, it explores central banks' roles in payment systems; the risks on which central banks focus in their oversight activities; and the challenges central banks face as the payments and settlement landscape evolves. The economics of payments is a multi-disciplinary field, taking in branches of economics such as monetary theory, search theory, game theory and industrial organisation. It also draws on techniques from network theory and makes extensive use of simulation studies to model complex interactions between payment system members. For each of the topics covered, this volume highlights some of the most influential works in the literature. The volume also draws heavily on empirical insights, in particular offering an historical context to central banks' involvement in payment systems.

Author : David Marsh
Publisher : Yale University Press
ISBN 13 : 0300127308
Total Pages : 361 pages
Book Rating : 4.00/5 ( download)

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Download or read book The Euro written by David Marsh and published by Yale University Press. This book was released on 2009-01-01 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on more than one hundred interviews with leading figures associated with the Euro and scores of secret documents from international archives, the author underscores the Euro's importance for the global economy, in particular for U.S. and British economic and political agendas.