ENGLISH

Emotions in Finance - Distrust and Uncertainty in Global Markets

By Jocelyn Pixley

Book information

Publisher
Cambridge University Press
Year
2004
ISBN
052182785X, 9780521827850
Open Library ID
OL18189938M
Language
english
Format
PDF
Filesize
2 MB (2347372 bytes)
Pages
246\246
Topic
Economy
Library
linked by irbis
Time added
2010-01-07 06:59:20

Description

Fear and greed are terms that make light of the uncertainty in the finance world. Huge global financial institutions rely on emotional relations of trust and distrust to suppress the uncertainties. Many financial firms develop policies towards risk, rather than accepting the reality of an uncertain future. They amass data in the futile hope of gaining certainty and to claim their options are more risk-freea than competitors. Emotions in Finance examines the views of experienced elites in the international financial world. It argues the current financial era is driven by a utopianism a hope--that the future can be collapsed into the present. It points out policy implications of this short-term view at the unstable peak of global finance. This book provides a timely account of the influence of emotion and speculation on the worldas increasingly volatile financial sector. The author includes absorbing interview material from public and private bankers in the United States, UK and Australia.

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