#2025163 in eBooks 2001-04-16 2001-04-16File Name: B0035ERP10
3 of 3 people found the following review helpful. A Good Read!By Rolf DobelliThis encyclopedic effort by two prominent financial scholars, E. Philip Davis and Dr. Benn Steil, leaves no stone unturned and virtually no question unanswered. The authors have managed to thread through the labyrinth of institutional investing, covering multitudes of regulatory, economic, practical and theoretical issues without ever losing their readers. Astonishingly well-organized and clearly written, this book isHow should policymakers react to asset price movements that cannot be explained by standard models? To answer this question, it is not enough to identify a bubble and understand its origins. One needs also to predict the impact of monetary policy on an event that is by its nature difficult to explOne of the most important recent developments in financial markets is theinstitutionalization of saving associated with the growth of pension funds, life insurancecompanies, and mutual funds. An increasing proportion of household saving is now managed byprofessional portfolio managers instead of being directly invested in the securities markets or heldin the form of bank deposits. With the aging of the population and its adverse impact on publicpension systems, the shift of individual savings t... [PDF.lm23] Institutional Investors (MIT Press) Rating: 3.81 (417 Votes)
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