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Moynihan, Brendan

Financial Origami: How the Wall Street Model Broke

Moynihan, Brendan - Financial Origami: How the Wall Street Model Broke, ebook

27,80€

Ebook, ePUB with Adobe DRM
ISBN: 9781118030325
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Printing48 pages with an additional page accrued every 16 hours, capped at 48 pages
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An in-depth look at the failure of Wall Street's "proven" financial models

Origami is the Japanese art of folding paper into intricate and aesthetically attractive shapes. As such, it is the perfect metaphor for the Wall Street financial engineering model, which ultimately proved to be the underlying cause of the 2008 financial crisis.

In Financial Origami, Brendan Moynihan describes how the Wall Street business model evolved from a method to transfer risk into a method for manufacturing risk. Along the way, this timely book skillfully dissects financial engineering and addresses how it's often a mechanism to evade regulatory constraints, provide institutional investors with customized products, and, of course, generate revenue for financial engineers.

  • Reveals how Wall Street's financial engineering business model morphed into something destructive
  • Highlights how the origami model worked well in the comparatively stable years of the early 2000s, when there was less risk to transfer
  • Discusses how Wall Street began manufacturing risk by creating products that multiplied risk exposures and encouraged subprime lending

With the collapse of Lehman Brother the Wall Street business model effectively broke. But there are many lessons to be learned from what has transpired, and Financial Origami will show you what they are.

Keywords: Trading, Brendan Moynihan, financial origami, financial engineering, financial engineering model, financial engineering models, financial origami model, risk transfer models, transfer risk, risk transfer model, Wall Street models, Wall Street financial models, failure of financial models, financial innovation, allocate risk, financial risk models, risk exposure

Author(s)
Publisher
John Wiley and Sons, Inc.
Publication year
2011
Language
en
Edition
1
Series
Bloomberg
Page amount
160 pages
Category
Economy
Format
Ebook
eISBN (ePUB)
9781118030325
Printed ISBN
9781118001813

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