Tectonic Shifts in Financial Markets

People, Policies, and Institutions

Authors: Kaufman, Henry

  • Examines often-ignored consequences of financial concentration
  • Challenges the notion of a “new normal” in finance and economics
  • Explains why financial markets are becoming more volatile
  • Analyzes the careers of key postwar figures who transformed Wall Street
  • Chronicles key lessons from modern financial history
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eBook £17.99
price for United Kingdom (gross)
  • ISBN 978-3-319-48387-0
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover £22.99
price for United Kingdom (gross)
  • ISBN 978-3-319-48386-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

In this wide-ranging book, Wall Street legend Henry Kaufman recounts the events surrounding the catastrophic collapse of Lehman Brothers from his then vantage point on the board.  He explains how, ironically, the Federal Reserve’s shortcomings contributed to its growing power. And he argues that Dodd-Frank – by sanctioning rather than truly addressing the too‐big‐to‐fail dilemma – squandered a rare opportunity for essential reform.

Whether sparring in print with Citicorp’s mercurial Walter Wriston, consulting with British Prime Minister Margaret Thatcher, spurning a deal with junk bond king Michael Milken, or reflecting on his long-time friend Paul Volcker, Kaufman brings readers inside post-war Wall Street. Looking ahead, he dissects major national and global trends and the likely future of credit markets, financial institutions, and leading economies.

As we search for bearings in the wake of the 2008 financial debacle, Henry Kaufman offers sage and penetrating analysis of today’s superheated and – he argues – still‐fragile financial world.

About the authors

Henry Kaufman (PhD, New York University) is President of Henry Kaufman & Company, Inc., an economic and financial consulting firm established in 1988. He previously served as head of research and in the senior management of Salomon Brothers, and worked at The Federal Reserve Bank of New York and in commercial banking. Invited to speak before many leading economic and finance organizations around the world, Dr. Kaufman was three times designated one of the thirty most influential Americans by U.S. News & World Report. In 2001, the National Association of Business Economics conferred on him its prestigious Adam Smith Award.

Table of contents (15 chapters)

  • How It Began at Salomon Brothers

    Kaufman, Henry

    Pages 1-8

  • The Art and Science of Forecasting

    Kaufman, Henry

    Pages 9-15

  • Presidents versus Fed Chairmen

    Kaufman, Henry

    Pages 17-22

  • Paul Volcker, Perennial Public Servant

    Kaufman, Henry

    Pages 23-35

  • The Fed and Financial Markets: Greenspan, Bernanke, and Yellen

    Kaufman, Henry

    Pages 37-52

Buy this book

eBook £17.99
price for United Kingdom (gross)
  • ISBN 978-3-319-48387-0
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover £22.99
price for United Kingdom (gross)
  • ISBN 978-3-319-48386-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Tectonic Shifts in Financial Markets
Book Subtitle
People, Policies, and Institutions
Authors
Copyright
2016
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-319-48387-0
DOI
10.1007/978-3-319-48387-0
Hardcover ISBN
978-3-319-48386-3
Edition Number
1
Number of Pages
XVII, 180
Number of Illustrations and Tables
30 illustrations in colour
Topics