Emotions in Finance: Distrust and Uncertainty in Global MarketsCambridge University Press, 2004 M11 23 - 228 páginas Fear and greed are terms that make light of the uncertainty in the finance world. Huge global financial institutions rely on emotional relations of trust and distrust to suppress the uncertainties. Many financial firms develop policies towards risk, rather than accepting the reality of an uncertain future. They amass data in the futile hope of gaining certainty and to claim their options are more risk-freea than competitors. Emotions in Finance examines the views of experienced elites in the international financial world. It argues the current financial era is driven by a utopianism a hope--that the future can be collapsed into the present. It points out policy implications of this short-term view at the unstable peak of global finance. This book provides a timely account of the influence of emotion and speculation on the worldas increasingly volatile financial sector. The author includes absorbing interview material from public and private bankers in the United States, UK and Australia. |
Contenido
Emotion in the Kingdom of Rationality | 17 |
The Financial Media as Institutional Trust Agencies | 43 |
Emotions in the Boardroom | 67 |
Credibility and Confidence in the Central Banks | 94 |
Hierarchies of Trust | 113 |
Overwhelmed by Numbers | 133 |
viii | 135 |
The Time Utopia in Finance | 157 |
Emotions and Rationality | 183 |
209 | |
Otras ediciones - Ver todas
Emotions in Finance: Distrust and Uncertainty in Global Markets Jocelyn Pixley Vista previa limitada - 2004 |
Emotions in Finance: Distrust and Uncertainty in Global Markets Jocelyn Pixley Sin vista previa disponible - 2004 |
Términos y frases comunes
accountancy firms agencies Alan Blinder analysts argues asset Bank of England bankers benefits Blinder boom bull market capital caution central banks CEOs Chapter cited collapse competitive confidence conflicts corporate credibility creditors debt decision-making decisions defined definition democratic difficult distrust strategies economic economists emotions Enron expectations fear fiduciary field finance financial financial firms financial institutions financial markets financial sector financial world find firms first fixed FOMC forecasts future global governments Greenspan Henry Kaufman ideology impersonal trust inflation influence informed sceptics Ingham interviews investment banks investors journalists judgement Keynesian libertarian long-term LTCM Mannheim monetary policy Monetary Policy Committee Moody’s official organisations pension Ponzi schemes precautionary principles predictable problem profits promises rational regulators relations reputation risk role selling shareholder short-term significant social movements specific speculation stock market there’s Tobin tax today’s traders Treasury trust and distrust uncertainty utopias Wall Street