Questions about the nature of money have gained a new urgency in the aftermath of the global financial crisis. Even as … many people have less of it, there are more forms and systems of money, from local currencies and social lending to mobile … money and Bitcoin. Yet our understanding of what money is—and what it might be—hasn’t kept pace. In The Social Life of Money …

truth. When private banks teeter, and depositors take their money and run, should central banks step in to save them …

truth. When private banks teeter, and depositors take their money and run, should central banks step in to save them …

Art today is defined by its relationship to money as never before. Prices have been driven to unprecedented heights …

Art today is defined by its relationship to money as never before. Prices have been driven to unprecedented heights …

truth. When private banks teeter, and depositors take their money and run, should central banks step in to save them …

Questions about the nature of money have gained a new urgency in the aftermath of the global financial crisis. Even as … many people have less of it, there are more forms and systems of money, from local currencies and social lending to mobile … money and Bitcoin. Yet our understanding of what money is—and what it might be—hasn’t kept pace. In The Social Life of Money …

Questions about the nature of money have gained a new urgency in the aftermath of the global financial crisis. Even as … many people have less of it, there are more forms and systems of money, from local currencies and social lending to mobile … money and Bitcoin. Yet our understanding of what money is—and what it might be—hasn’t kept pace. In The Social Life of Money …

market-price changes. But the risks incurred or carried by individual people, companies, insurance policies, or credit … risk analysis by extensively discussing practical problems such as retail credit scoring, credit card transaction dynamics … capital reserve for coverage of potential losses, and on the credit-risk measure CreditVar. The book will interest graduate …

The financial industry’s invention of complex products such as credit default swaps and other derivatives has been …