Overview
- Examines often-ignored consequences of financial concentration
- Challenges the notion of a “new normal” in finance and economics
- Explains why financial markets are becoming more volatile
- Analyzes the careers of key postwar figures who transformed Wall Street
- Chronicles key lessons from modern financial history
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Table of contents (15 chapters)
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Front Matter
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Back Matter
Keywords
About this book
In this wide-ranging book, Wall Street legend Henry Kaufman recounts the events surrounding the catastrophic collapse of Lehman Brothers from his then vantage point on the board. He explains how, ironically, the Federal Reserve’s shortcomings contributed to its growing power. And he argues that Dodd-Frank – by sanctioning rather than truly addressing the too‐big‐to‐fail dilemma – squandered a rare opportunity for essential reform.
Whether sparring in print with Citicorp’s mercurial Walter Wriston, consulting with British Prime Minister Margaret Thatcher, spurning a deal with junk bond king Michael Milken, or reflecting on his long-time friend Paul Volcker, Kaufman brings readers inside post-war Wall Street. Looking ahead, he dissects major national and global trends and the likely future of credit markets, financial institutions, and leading economies.
As we search for bearings in the wake of the 2008 financial debacle, Henry Kaufman offers sage andpenetrating analysis of today’s superheated and – he argues – still‐fragile financial world.
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Authors and Affiliations
About the author
Henry Kaufman (PhD, New York University) is President of Henry Kaufman & Company, Inc., an economic and financial consulting firm established in 1988. He previously served as head of research and in the senior management of Salomon Brothers, and worked at The Federal Reserve Bank of New York and in commercial banking. Invited to speak before many leading economic and finance organizations around the world, Dr. Kaufman was three times designated one of the thirty most influential Americans by U.S. News & World Report. In 2001, the National Association of Business Economics conferred on him its prestigious Adam Smith Award.
Bibliographic Information
Book Title: Tectonic Shifts in Financial Markets
Book Subtitle: People, Policies, and Institutions
Authors: Henry Kaufman
DOI: https://doi.org/10.1007/978-3-319-48387-0
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2016
Hardcover ISBN: 978-3-319-48386-3Published: 27 February 2017
Softcover ISBN: 978-3-319-83929-5Published: 03 May 2018
eBook ISBN: 978-3-319-48387-0Published: 16 February 2017
Edition Number: 1
Number of Pages: XVII, 180
Number of Illustrations: 30 illustrations in colour
Topics: Finance, general, Macroeconomics/Monetary Economics//Financial Economics