The Future of Futures : The Time of Money in Financing and Society


Elena. Esposito
Bok Engelsk 2011 · Electronic books.
Annen tittel
Utgitt
Cheltenham : : Edward Elgar Publishing, , 2011.
Omfang
1 online resource (232 p.)
Opplysninger
Description based upon print version of record.. - Cover; Copyright; Contents; Foreword; Introduction; PART I The time of money; 1. Time in economics; 2. Time binding; 3. Economy is time: needs and scarcity; 4. Money; 5. The market; 6. Financial markets; PART II The time of finance; 7. Paper finance and the relationship to the world; 8. Derivatives; 9. The production of the future; 10. Trading uncertainty; PART III The time of the crisis; 11. The crisis - presuppositions; 12. The crisis - evolution; 13. The crisis - regulation; References; Index. - This book reconstructs the dynamics of economics, beginning explicitly with the role and the relevance of time: money uses the future in order to generate present wealth. Financial markets sell and buy risk, thereby binding the future. Elena Esposito explains that complex risk management techniques of structured finance produce new and uncontrolled risks because they use a simplified idea of the future, failing to account for how the future reacts to attempts at controlling it. During the recent financial crisis, the future had already been used (through securitizations, derivatives and other
Emner
Sjanger
Dewey
ISBN
9781849801522

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