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This is not an easy book to understand if you are not a trader or involved with financial engineering on an everyday basis. Upon first read however, I sensed that Bookstaber's overall argument is spot-on for the historic financial crisis of 2008. For example, he explained how a liquidity crisis could be precipitated, ironically, by a demand for liquidity itself.
Once we move away from many of the technical nomenclatures in Bookstaber's book, the underlying backbone of this book argues that the fi ...more
Once we move away from many of the technical nomenclatures in Bookstaber's book, the underlying backbone of this book argues that the fi ...more
