The Future of Finance
The Future of Finance presents a full and accessible analysis of the factors leading to the crash of 2007 and the banking crisis of 2008, as well as the interaction between these factors. It presents practical recommendations for a revised approach to banking and principles of investment, which if followed will help to produce a more sustainable level of economic prosperity. While every possible option is impossible to discuss, the measures described throughout these pages should form part of a logical, unbiased review of strategy by both banks and investors.
Praise for The Future of Finance
"Choudhry and Landuyt give us highly relevant and readable advice on running a financial investment business in the post-crisis world. Discipline, practical knowledge of the asset class, and risk management have come to the fore!"
― Darrell Duffie, Dean Witter Distinguished Professor of Finance, Graduate School of Business, Stanford University
"Once again, the prolific Moorad Choudhry has delivered a thorough, highly readable, and thought-provoking study. The Future of Finance reviews the financial crisis, but unlike other books on the subject, the emphasis here is less on explaining the past and more on examining how the financial world may evolve."
― David Wileman, Chief Executive, King & Shaxson
"Moorad, in his exemplary style, provides fresh insights into the recent financial crisis and what it teaches the world. Whilst diving deep into the basics of economics and banking, he overturns some of the classic beliefs. The beauty of this book is the simplicity in which it presents the underlying reasons, the certainty of its conclusions, and the practicality of its recommendations at a macro as well as micro-level. It's a must-read for all those with interest in economics, banking, treasury, and ALM."
― Abhijit Patharkar, Senior Business Manager, Asset & Liability Management, Standard Chartered Bank
"Moorad Choudhry and Gino Landuyt bring a unique combination of experience and insight to this work. Few other seasoned bankers have the motivation or talent to write such an eloquent and thoughtful appraisal of the banking crisis, or the intelligence to provide such wise, high-level recommendations for the future of finance. This book should be read by all policymakers, regulators, finance directors, chief risk offers, treasurers, and investment managers."
― Professor Carol Alexander, Chair of Risk Management, ICMA Centre, University of Reading