Muutke küpsiste eelistusi

E-raamat: From the Age of Derivatives into the New Millennium: A Financial History of the United States 19702001 [Taylor & Francis e-raamat]

  • Taylor & Francis e-raamat
  • Hind: 203,11 €*
  • * hind, mis tagab piiramatu üheaegsete kasutajate arvuga ligipääsu piiramatuks ajaks
  • Tavahind: 290,16 €
  • Säästad 30%

Originally published in 2002, this book covers the crisis in the savings and loan industry in the 1980s, insider trading scandals and the growth of derivative financial instruments.



Originally published in 2002, this volume focuses on the growth of derivatives, the savings and loan crisis, the merger mania of the 1980s, the accompanying insider trading scandals, and the battle with inflation. This history then reviews the market run-up in the 1990s and the rebirth of finance that was being strongly pushed by the Internet economy as the third millennium began.

List of Illustrations
xiii
Preface xv
Acknowledgments xvii
Introduction xix
Chapter 1 Financial Turmoil
1 Interest Rates and Other Concerns
3(18)
Inflation
3(1)
Recession
4(2)
Finance in an Inflationary Environment S Money Market Funds Appear
6(1)
Structural Reviews
7(1)
NOW Accounts
8(2)
Banking and Securities
10(1)
Consumer Legislation
11(1)
Credit Cards
12(2)
Checks and Wires
14(3)
Monetary Policy and Capital Markets IS Mergers and Holding Companies IS Credit Unions
17(1)
Commercial Banks and REITs
17(1)
Bank Problems
18(1)
Franklin National Bank
19(1)
Herstatt
20(1)
2 Commissions and Scandals
21(15)
Market Volatility
21(1)
Securities Scandals
22(2)
The Securities Business Evolves
24(3)
Securities Market Structure
27(1)
Institutional Trading
28(1)
Securities Commissions
29(1)
SEC Regulation
30(1)
Insurance Problems
31(5)
3 New Economic Policy and New York City
36(15)
Gold Problems Accelerate
36(1)
NEP
37(1)
Floating Exchange Rates
38(1)
Inflation
39(1)
The Grain Robbery
40(1)
Commodity Prices Soar
41(1)
Commodity Futures Trading
42(1)
Commodity Options
43(1)
CFTC Act of 1974
44(2)
International Finance
46(1)
Municipal Finance
46(1)
New York City Crisis
47(1)
Municipal Securities Regulation
48(1)
U.S. Government Securities
49(2)
4 Derivatives Expand
51(14)
CBOE
51(2)
Options Trading Issues
53(1)
Commodity Options
54(2)
Deferred Delivery Contracts
56(2)
Futures Trading
58(1)
Soybeans
59(1)
Other Problems in the Futures Markets
60(1)
Silver Crisis
61(4)
5 Interest Rates Again
65(16)
European Finance
65(1)
OPEC
66(1)
Banking Operations
66(2)
ATMs
68(1)
Economic Problems
69(1)
Banking Legislation
70(1)
Monetary Policy
71(2)
The War on Inflation
73(1)
Deregulation
74(1)
Bank Failures
75(1)
Penn Square
76(1)
Continental Illinois
77(1)
Thrift Concerns
78(3)
Chapter 2 Markets Merge
1 Derivatives Continue Their Growth
81(14)
CFTC Issues
81(1)
Tax Straddles
82(2)
Other Abuses
84(1)
Options Exchanges
85(1)
Index Futures
86(1)
Shad-Johnson Accords
87(2)
Treasury Amendment
89(1)
Financial Futures
89(1)
Insider Trading and Other Concerns
90(2)
Scandals
92(1)
Exchange Expansion
93(2)
2 Hostages, Repos, and Other Matters
95(14)
The Reagan Administration
95(1)
Deregulation
96(1)
Investors in America
97(2)
Consolidation
99(1)
Merrill Lynch
100(1)
Market Problems
101(1)
Clearing, Settlement, and Information
102(1)
Repos
103(4)
The Insurance Business
107(2)
3 Mergers and Insider Trading
109(19)
Junk Bonds
109(2)
Investment Banking
111(2)
Corporate Raiders
113(3)
Merger Battles in Court
116(3)
RJR-Nabisco and Other Battles
119(1)
Financial Abuses Increase
120(2)
Insider Trading
122(2)
Insider Trading Scandals Mount
124(2)
Michael Milken
126(2)
4 Banking Woes
128(14)
Latin America
128(3)
Brady Bonds
131(1)
Banking in America
131(3)
Other Financial Concerns
134(2)
Banks Enter the Securities Business
136(2)
Banks Enter Other Fields
138(2)
Bank Thefts
140(1)
Consumer Credit
141(1)
5 REITs and Asset-Backed Debt
142(11)
Mortgage Backs
142(1)
CMOs
143(1)
REITs
144(2)
Securities Business
146(2)
Penny Stocks
148(5)
Chapter 3 Finance Falters
1 The Stock Market Crash of 1987
153(13)
New Wave Finance
153(1)
Meltdown Concerns
153(2)
The Market Crash
155(2)
The Aftermath
157(1)
Brady Commission
158(1)
Securities Market Problems
159(2)
More Market Volatility
161(1)
Futures Markets
161(2)
The Chicago Sting Operation
163(3)
2 The S&L Crisis and Banking Scandals
166(13)
Investment Restrictions Axe Eased
166(1)
Disaster
167(4)
Government Reaction
171(1)
FTRREA
172(2)
BCCI
174(1)
International Regulation
175(1)
Money Laundering
176(1)
Other Concerns
177(2)
3 Stock Markets and Brokers
179(12)
Government Finance
179(1)
Securities Business
180(1)
Market Participants
181(2)
Stock Trading
183(2)
The Nasdaq Market
185(1)
Managed Money
186(1)
Market Issues
187(1)
Derivatives
188(1)
Regulatory Structure
189(2)
4 The Crisis in Derivatives
191(16)
Hybrid Instruments
191(1)
Swaps
192(1)
New Instruments
193(3)
Derivative Regulation
196(2)
OTC Derivative Disasters
198(4)
More Derivative Concern
202(5)
Chapter 4 American Finance Rebounds
1 Markets and Broker-Dealers
207(17)
Economic Concerns
207(1)
Trading Markets
207(2)
Changes in Players
209(2)
The Internet and Other Advances
211(2)
Scandals and Setbacks
213(1)
Rogue Brokers and Rogue Traders
214(3)
Government Securities Markets
217(1)
Market Updates
218(4)
Litigation
222(1)
Markets and Politics
223(1)
2 Insurance Troubles
224(14)
Losses Mount
224(1)
Insurance Regulation
225(1)
Failures
226(1)
Fraud
227(2)
Restructuring
229(1)
Insurance Growth
230(1)
Insurance Products
231(1)
Industry Employment
232(2)
Mergers and Demutualization
234(3)
Bank Insurance
237(1)
3 Banking Growth
238(11)
Bank Products
238(3)
Branch and Interstate Banking
241(1)
Public Interest Issues
242(1)
Bank Competition
243(1)
Bank Consolidation
244(2)
Foreign Banking and Finance
246(2)
The Fed
248(1)
4 The Market Boom
249(18)
Market Growth
249(2)
Market Volatility
251(1)
Markets Merge
252(1)
Business Changes
252(1)
Brokerage Firms Evolve
253(2)
Information Services
255(3)
Market Transactions and Products
258(1)
Scams
259(3)
Municipal Securities
262(2)
Other Market Concerns
264(1)
U.S. Government Securities
265(2)
5 International Finance and Derivatives
267(16)
The IMF
267(1)
Japan
268(1)
International Finance
269(2)
Futures Markets
271(4)
Other Derivatives
275(2)
Gold and Silver
277(6)
Chapter 5 The Century Closes
1 Internet Money and Trading
283(15)
Old Money
283(1)
Credit Cards
284(2)
Smart Cards
286(2)
Other Electronic Finance
288(1)
Checks
288(1)
Home Banking
289(2)
Internet Commerce
291(2)
Internet Fraud
293(1)
Online Trading
294(4)
2 Banking Consolidation
298(14)
Banking Business Base
298(1)
Glass-Steagall Barriers Fall
299(3)
Banking Consolidation Continues
302(2)
International Banking
304(3)
Y2K
307(1)
Banking on Other Levels
307(2)
Banking Crimes
309(3)
3 Market Ups and Downs
312(11)
Stock Ownership
312(1)
The Rich Get Richer
313(1)
Market Action
314(2)
Long-Term Capital Management
316(2)
Market Volatility and Growth
318(2)
REITs
320(1)
The Euro
321(1)
Record Growth
321(2)
4 Market Bubbles and Changes
323(16)
Consolidation
323(4)
Finance and Commerce
327(1)
Government Finance
328(2)
Raising Capital
330(1)
Exchange Trading
331(1)
Financial Information
332(1)
Day Traders
333(2)
ECNs
335(2)
Online Banking
337(1)
Mutual Funds
338(1)
5 Into the Millennium
339(20)
The Market Bubble
339(2)
Glass-Steagall Falls
341(1)
Fraud and Finance
342(4)
Financial Developments
346(2)
Exchanges and Trading
348(1)
Market Volatility Continues
349(10)
Conclusion 359(8)
Notes 367(6)
Selected Bibliography 373(8)
Name Index 381(4)
Subject Index 385(14)
Cumulative Name Index 399(14)
Cumulative Subject Index 413(38)
About the Author 451
Jerry W. Markham is a professor of law at Florida International University in Miami, USA, where he teaches corporate and international business law.