Portfolio Behavior of Financial Institutions: An Empirical Study with Implications for Monetary Policy, Interest-Rate Determination, and Financial Mod (Holt, Rinehart and Winston Series in Finance)

Business & Money

Silber, William L.

Economics

HOLT. RINEHART AND WINSTON

Following books by Malcolm Gladwell and Dan Ariely, noted economics professor William L. Silber explores the Hail Mary effect, from its origins in sports to its applications to history, nature, politics, and business. A quarterback like Green Bay's Aaron Rodgers gambles with a Hail Mary pass at the end of a football game when he has nothing to lose -- the risky throw might turn defeat into victory, or end in a meaningless interception. Rodgers may not realize it, but he has much in common with figures such as George Washington, Rosa Parks, Woodrow Wilson, and Adolph Hitler, all of whom changed the modern world with their risk-loving decisions. In The Power of Nothing to Lose, award-winning economist William Silber explores the phenomenon in politics, war, and business, where situations with a big upside and limited downside trigger gambling behavior like with a Hail Mary. Silber describes in colorful detail how the American Revolution turned on such a gamble. The famous scene of Washington crossing the Delaware on Christmas night to attack the enemy may not look like a Hail Mary, but it was. Washington said days before his risky decision, "If this fails I think the game will be pretty well up." Rosa Parks remained seated in the white section of an Alabama bus, defying local segregation laws, an act that sparked the modern civil rights movement in America. It was a life-threatening decision for her, but she said, "I was not frightened. I just made up my mind that as long as we accepted that kind of treatment it would continue, so I had nothing to lose." &nbsp;The risky exploits of George Washington and Rosa Parks made the world a better place, but demagogues have inflicted great damage with Hail Marys. Towards the end of World War II, Adolph Hitler ordered a desperate counterattack, the Battle of the Bulge, to stem the Allied advance into Germany. He said, "The outcome of the battle would spell either life or death for the German nation." Hitler failed to change the war's outcome, but his desperate gamble inflicted great collateral damage, including the worst wartime atrocity on American troops in Europe. Silber shares these illuminating insights on these figures and more, from Woodrow Wilson to Donald Trump, asylum seekers to terrorists and rogue traders. Collectively they illustrate that downside protection fosters risky undertakings, that it changes the world in ways we least expect.

The Power of Nothing to Lose: The Hail Mary Effect in Politics, War, and Business

Job Hunting & Careers

William Morrow

The 12th edition of this text has been refreshed and updated, focussing on modern analytical problems. It features flexible organization of material, theoretical coverage and numerous examples to clarify points.

Principles of Money, Banking & Financial Markets (The Addison-wesley Series in Economics)

Ritter, Lawrence S.

Udell, Gregory F.

Pearson College Div

Book by Ritter, Lawrence S., Silber, William L., Udell, Gregory F.

Principles of Money, Banking and Financial Markets Myeconlab With Pearson Etext Access Card

Principles of Money, Banking and Financial Markets Plus Mylab Economics with Pearson Etext (1-Semester Access) Access Card Package (Addison-Wesley Series in Economics)

Pearson

The 12th edition of this text has been refreshed and updated, focussing on modern analytical problems. It features flexible organization of material, theoretical coverage and numerous examples to clarify points.

Principles of Money, Banking, and Financial Markets

PRENTICE/HALL

In the revision of this leading text, the authors incorporate the latest research and data while taking stock of sweeping changes in the international financial landscape produced by financial innovation, deregulation, and geopolitical considerations. With their well-known, casual, conversational style, the authors make sophisticated concepts accessible, such as asset pricing, financial contracting, and rational expectations.

Principles of Money, Banking, and Financial Markets (10th Edition)

Addison-Wesley

This classic textbook incorporates the most current research and data while taking stock of sweeping changes in the international financial landscape produced by financial innovation, deregulation, and geopolitical considerations. Well-known for its casual, conversational style, this text makes sophisticated concepts accessible.

Principles of Money, Banking, and Financial Markets plus MyEconLab Student Access Kit (11th Edition)

Well-known for its engaging, conversational style, this text makes sophisticated concepts accessible, introducing students to how markets and institutions shape the global financial system and economic policy. Principles of Money, Banking, &amp; Financial Markets incorporates current research and data while taking stock of sweeping changes in the international financial landscape produced by financial innovation, deregulation, and geopolitical considerations. T he Basics: Introducing Money, Banking, and Financial Markets; The Role of Money in the Macroeconomy; Financial Instruments, Markets, and Institutions. Financial Instruments and Markets: Interest Rate Measurement and Behavior; The Term and Risk Structure of Interest Rates; The Structure and Performance of Securities Markets; The Pricing of Risky Financial Assets; Money and Capital Markets; Demystifying Derivatives; Understanding Foreign Exchange. Banks and Other Intermediaries: The Nature of Financial Intermediation; Depository Financial Institutions; Nondepository Financial Institutions. Financial System Architecture: Understanding Financial Contracts; The Regulation of Markets and Institutions; Financial System Design. The Art of Central Banking: Who's In Charge Here?; Bank Reserves and the Money Supply; The Instruments of Central Banking; Understanding Movements in Bank Reserves; Monetary Policy Strategy. Monetary Theory: The Classical Foundations; The Keynesian Framework; The ISLM World; Money and Economic Stability in the ISLM World; An Aggregate Supply and Demand Perspective on Money and Economic Stability; Rational Expectations: Theory and Policy Implications; Empirical Evidence on the Effectiveness of Monetary Policy. Grand Finale: Tying It All Together. For all readers interested in money, banking, and financial markets.

Principles of Money, Banking & Financial Markets (12th Edition)

Principles of Money, Banking &Financial Markets plus MyEconLab plus eBook 1-semester Student Access Kit (12th Edition)

See the best price to sell, buy, or rent books by Silber, William L.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Silber, William L.