Financial Crises: My Seven Favourite Books

re: Financial Crises: My Seven Favourite Books

Niranjan — Tue, 14 Oct 2008 13:09:55 GMT

Yusra, I think the first books on the current crisis in the US --- and on why the investment banks collapsed --- will be available in a few months.

re: Financial Crises: My Seven Favourite Books

Yusra — Mon, 13 Oct 2008 21:28:53 GMT

Can anyone recommend me good book on history of investment banking in the US or something about the reasons/fall of the US Investment banks...or IB in the light of current financial crisis? tks!

re: Financial Crises: My Seven Favourite Books

pravin — Mon, 22 Sep 2008 11:36:48 GMT

Traders, Guns and Money by Satyajit Das. One of the best books on finance in the recent past. This books talks about derivatives and how they are like weapons of mass destruction...due credit to warren buffet. But more importantly, the book is hilarious..It talks about noodel makers taking leveraged positions in the markets.. it is scary, funny and gives an idea about the actual complicated aspects of financial products in the derivatives market what we call structured products. A must read. The last tycoons...the secret history of lazard freres by william cohan.. A very complicated read. Supposed to be interesting as it give the history of investment banking in USA. Did not have the patience to complete it as it was too huge. Rogue trader: Though this does not fit in here as it is the story of an individual trader. But still..its a good book and gives the story of nick leeson in detail.. why this book? it is again about derivatives

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re: Financial Crises: My Seven Favourite Books

amol agrawal — Fri, 19 Sep 2008 10:07:09 GMT

a couple of more 1. irrational exuberance by Robert Shiller 2. Crisis, manias and panics by Charles Kindleberger 3. Inventing Money by Nicholas Dunbar (this one is a better account of LTCM than When The Genius Failed 4. A fool and his money (as humorous as Liar Poker if not more) 5. Where are the customer's yachts? (perhaps the most apt title for the excesses in financial industry)

re: Financial Crises: My Seven Favourite Books

Fri, 19 Sep 2008 06:25:43 GMT

Great list. You can add Devil Take the Hindmost by Edward Chancellor and The Great Game by John Steele Gordon.

re: Financial Crises: My Seven Favourite Books

Sudheer Mopperthy — Thu, 18 Sep 2008 12:43:15 GMT

After the bailout of American International Group (AIG) on the heels of Fannie Mae, Freddie Mac and Bear Stearns, many Americans are no doubt wondering why the government appears to be coming to the aid of fat cats who mismanaged large corporations. Among the key lessons of previous major financial crises are: Globalisation has increased the frequency and spread of financial crises, but not necessarily their severity Early intervention by central banks is more effective in limiting their spread than later moves It is difficult to tell at the time whether a financial crisis will have broader economic consequences Regulators often cannot keep up with the pace of financial innovation that may trigger a crisis.