{"product_id":"the-future-of-finance-a-new-model-for-banking-and-investment-9780470572290","title":"The Future of Finance: A New Model for Banking and Investment","description":"\u003cb\u003eNew banking and investment business models to navigate the post-financial crisis environment\u003c\/b\u003e \u003cp\u003eThe financial crisis of 2007-2008 has discredited business models in the banking and fund management industries. In \u003ci\u003eThe Future of Finance, \u003c\/i\u003e Moorad Choudhry and Gino Landuyt argue that banks must realign their business models, implying a lower return-on-equity; diversifying their funding sources; and increasing liquidity reserves. On the investment side, the authors discuss how diversification did not reduce risk, but rather amplified it, and failed to stabilize returns. The authors conclude that the clear lesson from the crisis is to know one's risk. A lesson that is best served by concentrating on assets and sectors that you understand.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eExamines the weaknesses in the business models of many institutions, as well as the theoretical foundation for professionals in the field of finance\u003c\/li\u003e \u003cli\u003eIdentifies the shortcomings of Modern Portfolio Theory\u003c\/li\u003e \u003cli\u003eAddresses how investment managers can find new strategies for creating \"alpha\" and why they need to re-vamp their fee structures\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eFilled with in-depth insights and practical advice, \u003ci\u003eThe Future of Finance\u003c\/i\u003e will provide bankers and investment managers with a guide to realigning their businesses in order to prosper in the post-crisis financial markets.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Wiley\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 11\/02\/2010\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9780470572290\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 224\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.90lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.00h x 6.10w x 1.00d","brand":"Moorad Choudhry, Gino Landuyt","offers":[{"title":"Default Title","offer_id":44524509593781,"sku":"9780470572290","price":68.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0473\/0804\/6492\/files\/img_5df27289-9fd9-4d31-9f0f-bc4539f5fcc0.jpg?v=1722919788","url":"https:\/\/pastforward.org\/products\/the-future-of-finance-a-new-model-for-banking-and-investment-9780470572290","provider":"Past Forward","version":"1.0","type":"link"}