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Last edited by Olivier Coispeau
October 1, 2016 | History

Finance Masters 1 edition

Cover of: Finance Masters | Olivier Coispeau
About the Book

This book is a short economic history of International Financial Centers (IFC) in the last Millenium, from the first medieval international fairs to contemporary IFCs. It explains how finance practices developped from humble debut in the last millenium accross geographies. The book reviews the key ingredients for success and sometimes failure of these truly extraordinary professionals who changed the world. The book has been written for a large international audience.

Excerpts

This is a remarkable account of the historical circumstances, the geographical context and the many institutional factors which gave rise to the emergence of international financial centres over the past 900 years.The author’s range of knowledge is reflected in the following texts mentioned in the book which made important contributions to the development of the financial sector [ ]. In addition to providing an insightful explanation of how technological innovations have revolutionised financial trading in recent years, this book provides an invaluable and necessary context for a deeper understanding of the historical evolution of innovations in financial transactions, explaining among many other things some of the earliest attempt to model risk-taking when cargoes were being transported through pirate-infested seas. It also explains how risk taking in more recent times has become increasingly challenging to evaluate because of the difficulties associated with monitoring transactions being conducted by sophisticated computer programmes in milliseconds, and which are also open to attack from software viruses. [ ] To explain the widening gulf that emerged over time between economics and ethical considerations, Coispeau points to the influence of David Ricardo, but his historical analysis also points to the greatly reduced influence of religion in the business world and particularly in the financial sector in recent times. Without specifically setting out to do so, Coispeau’s history provides a rich background to the significant role played by religion in the earlier stages of financial history. For many readers, the most fascinating part of the book will be the last section which provides important insights into the ‘Great Recession’. If, according to Coispeau, it took scholars 500 years to fully understand the nature of the 14th century banking collapse, one wonders how long it will take us to fully appreciate the significance of these recent catastrophic events.
Page xi, added by Olivier Coispeau. "From page xi. "Excerpt of the foreword written by Pr. Seamus Grimes (NUI, Whitaker Institute)""

Links (outside Open Library)

1 edition First published in 2016

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Cover of: Finance Masters

History

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October 1, 2016 Edited by Olivier Coispeau Update covers
October 1, 2016 Edited by Olivier Coispeau Added new cover
September 20, 2016 Edited by Olivier Coispeau Edited without comment.
September 20, 2016 Edited by Olivier Coispeau Edited without comment.
September 16, 2016 Created by Olivier Coispeau Added new book.