This book reconstructs the dynamics of economics, beginning explicitly with the role and the relevance of time: money uses the future in order to generate present wealth. Financial markets sell and buy risk, thereby binding the future. Elena Esposito explains that complex risk management techniques of structured finance produce new and uncontrolled risks because they use a simplified idea of the future, failing to account for how the future reacts to attempts at controlling it. During the recent financial crisis, the future had already been used (through securitizations, derivatives and other tools) to the extent that we had many futures, but no open future available.
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Ngôn ngữ Anh ● định dạng PDF ● ISBN 9781849809115 ● Nhà xuất bản Edward Elgar Publishing Ltd ● Được phát hành 2011 ● Có thể tải xuống 3 lần ● Tiền tệ EUR ● TÔI 8080751 ● Sao chép bảo vệ Adobe DRM
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