The New Financial Order

The New Financial Order

Author: Robert J. Shiller

Publisher: Princeton University Press

ISBN: 9781400825479

Category: Business & Economics

Page: 384

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In his best-selling Irrational Exuberance, Robert Shiller cautioned that society's obsession with the stock market was fueling the volatility that has since made a roller coaster of the financial system. Less noted was Shiller's admonition that our infatuation with the stock market distracts us from more durable economic prospects. These lie in the hidden potential of real assets, such as income from our livelihoods and homes. But these ''ordinary riches,'' so fundamental to our well-being, are increasingly exposed to the pervasive risks of a rapidly changing global economy. This compelling and important new book presents a fresh vision for hedging risk and securing our economic future. Shiller describes six fundamental ideas for using modern information technology and advanced financial theory to temper basic risks that have been ignored by risk management institutions--risks to the value of our jobs and our homes, to the vitality of our communities, and to the very stability of national economies. Informed by a comprehensive risk information database, this new financial order would include global markets for trading risks and exploiting myriad new financial opportunities, from inequality insurance to intergenerational social security. Just as developments in insuring risks to life, health, and catastrophe have given us a quality of life unimaginable a century ago, so Shiller's plan for securing crucial assets promises to substantially enrich our condition. Once again providing an enormous service, Shiller gives us a powerful means to convert our ordinary riches into a level of economic security, equity, and growth never before seen. And once again, what Robert Shiller says should be read and heeded by anyone with a stake in the economy.
The New Financial Order
Language: en
Pages: 384
Authors: Robert J. Shiller
Categories: Business & Economics
Type: BOOK - Published: 2009-02-09 - Publisher: Princeton University Press

In his best-selling Irrational Exuberance, Robert Shiller cautioned that society's obsession with the stock market was fueling the volatility that has since made a roller coaster of the financial system. Less noted was Shiller's admonition that our infatuation with the stock market distracts us from more durable economic prospects. These
The New Financial Risk In The 21St Century Order
Language: en
Pages: 384
Authors: Robert. J. Shiller
Categories: Business & Economics
Type: BOOK - Published: 2006-01-01 - Publisher:

In His Best-Selling Irrational Exuberance, Robert Shiller Cautioned That Society S Obsession With The Stock Market Was Fueling The Volatility That Has Since Made A Roller Coaster Of The Financial System. Less Noted Was Shiller'S Admonition That Our Infatuation With The Stock Market Distracts Us From More Durable Economic Prospects.
The Rise of Carry: The Dangerous Consequences of Volatility Suppression and the New Financial Order of Decaying Growth and Recurring Crisis
Language: en
Pages: 288
Authors: Tim Lee, Jamie Lee, Kevin Coldiron
Categories: Business & Economics
Type: BOOK - Published: 2019-12-13 - Publisher: McGraw-Hill Education

A first-of-its-kind primer on markets and the economy—providing the knowledge you need to protect yourself from the next financial meltdown. It’s well known that carry trading has been a driving force in financial markets for years. But carry is actually much more than this. In fact, it has become the
The New Financial Order (summary)
Language: en
Pages:
Authors: Robert J. Shiller
Categories: Business & Economics
Type: BOOK - Published: 2017 - Publisher:

GetAbstract Summary: Get the key points from this book in less than 10 minutes. Economist Robert Shiller became a household name when he published his previous bestseller Irrational Exuberance just as the dot.com boom was peaking. In The New Financial Order, he capitalizes on his celebrity to put forward a
Electronic Money Flows
Language: en
Pages: 225
Authors: Elinor Solomon
Categories: Business & Economics
Type: BOOK - Published: 2012-12-06 - Publisher: Springer Science & Business Media

Electronic Money Flows describes the far-reaching present changes under way in payments and capital markets. Electronic payment forms are in the process of molding a new financial regime-largely shared and inter dependent-throughout the world. Our earlier Electronic Funds Transfers and Payments (Kluwer, 1987) looked at the new money technology in