Overview

"A thoroughly entertaining explanation of how modern high financebenefits everybody. Is modern global finance, with its rarefiedfinancial instruments, its ability to shuttle billions of dollarsback and forth across the globe with the click of a mouse, and itsphilosophy of unrestrained free market economy, good for theeconomy-the real economy that most of us rely upon for ourlivelihoods? According to the authors of this highly entertainingbook, the answer is a resounding ""Yes!"" Using the device of threeamusing parables, the authors bring this complex and hotly debatedissue down to earth for business and financial professionals. In a narrative packed with pithy anecdotes taken from literature,history, and the financial press, they explain how the markets effectively insulatebusiness from financial risk, thus freeing entrepreneurs toconcentrate their talents on building the real economy. Fascinatingand instructive case studies, including Laker Airbus, Long-TermCapital Management, and Barings."

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9780471889618

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Reviews

... a crisp and imaginative essay... --Sunday Times, Book of the Week, 3rd September 2000 The book deserves a wide audience. --European Business Forum, October 2000 By using parables and historical examples, the authors make complex financial concepts simple to understand and this short but pitchy little book is a fine introduction to the heady world of boom and bust. --Portfolio International, November 2000

... a crisp and imaginative essay... <br> --Sunday Times, Book of the Week, 3rd September 2000 <p> The book deserves a wide audience. <br> --European Business Forum, October 2000 <p> By using parables and historical examples, the authors make complex financial concepts simple to understand and this short but pitchy little book is a fine introduction to the heady world of boom and bust. <br> --Portfolio International, November 2000 <p> <br> <p> <br>

Author Information

ERIC BRIYS is a managing director at Deutsche Bank where he headsthe Insurance Strategies Group. He has worked previously forMerrill Lynch and Lehman Brothers. Prior to joining the investmentbanking world he was a Professor of Finance at the HEC School ofManagement. He has published six books on finance and economics andmore than thirty scientific articles. FRANCOIS DE VARENNE is vice-president at Deutsche Bank where hecovers European insurance and reinsurance companies. He has workedpreviously for Merrill Lynch and Lehman Brothers. Prior to joiningthe investment banking world he was head of financial and economicsaffairs at the French Federation of Insurance Companies. Anengineer, an actuary and a PhD in finance by training he haspublished two books and more than ten scientific articles.

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