Hide this

Results from Google Books

Click on a thumbnail to go to Google Books.

In Defense of Free Capital Markets: The Case…

In Defense of Free Capital Markets: The Case Against a New International…

by David F. DeRosa

MembersReviewsPopularityAverage ratingConversations



Sign up for LibraryThing to find out whether you'll like this book.

No current Talk conversations about this book.

No reviews
no reviews | add a review
You must log in to edit Common Knowledge data.
For more help see the Common Knowledge help page.
Series (with order)
Canonical title
Original title
Alternative titles
Original publication date
Important places
Important events
Related movies
Awards and honors
First words
Last words
Disambiguation notice
Publisher's editors
Publisher series
Original language

References to this work on external resources.

Wikipedia in English


Book description
Haiku summary

Amazon.com Product Description (ISBN 157660036X, Hardcover)

Although significant financial crises world-wide -- in Japan, Mexico, Thailand, Indonesia, Russia, and Brazil -- have affirmed that the free market system is imperfect, no successful alternative to free capital markets has ever been devised. Nevertheless, many theorists are proposing that industrial nations together create a new framework for regulation -- a new international financial architecture -- using measures such as target zones for foreign exchange rates, currency boards, and controls on speculative trading of securities.

David DeRosa presents an emphatically opposing view -- that less, not more regulation is vitally needed. DeRosa demonstrates that public policies have often been dead wrong in concept and application; that so-called controls generate indirect and unintended harmful consequences; and that aggressive intervention is no panacea, even in cases such as the collapse of Long Term Capital Management, the former high-flying hedge fund.

DeRosa presents a rousing argument for putting far greater trust in the markets themselves. He exposes the risks, market distortions, and huge, hidden costs that can result from governmental bailouts and proposed reforms. David DeRosa makes an important contribution to a debate whose outcome will determine the stability and prosperity achievable in an interconnected age.

(retrieved from Amazon Thu, 12 Mar 2015 18:11:11 -0400)

No library descriptions found.

Quick Links

Swap Ebooks Audio
1 avail.

Popular covers


Average: No ratings.

Is this you?

Become a LibraryThing Author.


You are using the new servers! | About | Privacy/Terms | Help/FAQs | Blog | Store | APIs | TinyCat | Legacy Libraries | Early Reviewers | Common Knowledge | 116,065,131 books! | Top bar: Always visible