Screen LibraryEmotions in finance：booms, busts and uncertainty
Saved in:
| Main Authors: | |
|---|---|
| Published: |
Cambridge University Press,
|
| Publisher Address: | Cambridge New York |
| Publication Dates: | 2012. |
| Literature type: | Book |
| Language: | English |
| Edition: | 2nd ed. |
| Subjects: | |
| Carrier Form: | xii, 292 p.: ; 24 cm. |
| ISBN: |
9781107633377 (pbk.) 1107633370 (pbk.) |
| Index Number: | F8 |
| CLC: | F8-05 |
| Call Number: | F8-05/P964/2nd.ed. |
| Contents: |
Includes bibliographical references (p. 264-279) and index. Modern money, modern conflicts -- Corporate suspicion in the kingdom of rationality -- Financial press as trust agencies -- Required distrust and the onus of a bonus -- Managing credibility in central banks -- Hierarchies of distrust from trust to bust -- Overwhelmed by numbers -- The time-utopia in finance -- Taming the god of opportunism. "Money is a promise with future benefits or dangers that can never, because unknowable, be calculated. The financial sector is driven to beat this uncertainty by speculating on whether prices will rise or fall. No matter how often the folly of this behaviour is demonstrated through crisis after crisis, this attempt to defeat uncertainty persists. Yet uncertainty is unavoidable. Squeezed in one place, it emerges in another. Based on extensive interviews with leading actors in the financial markets, this book argues that the only way to face uncertainty is with emotions and values. It presents |