World's First Stock Exchange (Columbia Business School Publishing) - Hardcover

Inhaltsangabe

The launch of the Dutch East India Company in 1602 initiated Amsterdams transformation from a regional market town into a dominant financial center. The Company introduced easily transferable shares, and within days buyers had begun to trade them. Soon the public was engaging in a variety of complex transactions, including forwards, futures, options, and bear raids, and by 1680, the techniques deployed in the Amsterdam market were as sophisticated as any we practice today. Lodewijk Petrams eye-opening history demystifies financial instruments by linking todays products to yesterdays innovations, tying the markets operation to the behavior of individuals and the workings of the world around them. Traveling back to seventeenth-century Amsterdam, Petram visits the harbor and other places where merchants met to strike deals. His history clarifies concerns that investors still struggle with today, such as fraud, the value of information, trust and the place of honor, managing diverging expectations, and balancing risk, and does so in a way that is vivid, relatable, and critical to understanding our contemporary financial predicament.

Die Inhaltsangabe kann sich auf eine andere Ausgabe dieses Titels beziehen.