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Wall Street : a history
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ISBN: 019997862X 9780199978625 1299879578 9781299879577 9780195396218 0195396219 Year: 2012 Publisher: Oxford ; New York : Oxford University Press,

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This title remains the most definitive take on how a small, concentrated pocket of lower Manhattan came to have such enormous influence in national and world affairs. The book will contain two new chapters, picking up after the fall of Enron and reflecting on the recent events of the global financial crisis.

Rainbow's End : The Crash of 1929
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ISBN: 0195135164 0195158016 1602567034 0198030908 1280655380 0195302354 9780195158014 9780198030904 Year: 2003 Volume: *1 Publisher: New York : Oxford University Press,

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The Crash of '29 is one of the key moments in American, and indeed world history. This narrative historian addresses its effects on both business and society, and recreates the coming together of economic forces culminating in this disaster.


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Short Selling Activities and Convertible Bond Arbitrage : Empirical Evidence from the New York Stock Exchange
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ISBN: 3834918865 9786613171641 3834960039 1283171643 Year: 2010 Publisher: Wiesbaden : Gabler Verlag : Imprint: Gabler Verlag,

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While some short sales are based on information or opinions about a firm’s share price, this is not the case with many others. This statement coincides with the increasing use of arbitrage-related hedge fund strategies whereas it collides with public consensus that blames short sellers for decreasing stock prices and exacerbating the economic downturn. Sebastian Werner examines aggregate short sales and convertible bond arbitrage, which is a typical hedge fund strategy that involves a significant short position in the underlying stock of a long convertible bond position for hedging purposes. Focusing on events of extreme stock price changes and short selling activity, he provides insightful and new observations of the significant difference in the trading pattern, information content and resulting impact on stock returns of arbitrage- versus valuation-based short selling activities.


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When Wall Street met Main Street
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ISBN: 0674050657 0674061217 9780674061217 9780674050655 Year: 2011 Publisher: Cambridge, Mass. Harvard University Press

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The financial crisis that began in 2008 has made Americans keenly aware of the enormous impact Wall Street has on the economic well-being of the nation and its citizenry. How did financial markets and institutions-commonly perceived as marginal and elitist at the beginning of the twentieth century-come to be seen as the bedrock of American capitalism? How did stock investment-once considered disreputable and dangerous-first become a mass practice?Julia Ott tells the story of how, between the rise of giant industrial corporations and the Crash of 1929, the federal government, corporations, and financial institutions campaigned to universalize investment, with the goal of providing individual investors with a stake in the economy and the nation. As these distributors of stocks and bonds established a broad, national market for financial securities, they debated the distribution of economic power, the proper role of government, and the meaning of citizenship under modern capitalism.By 1929, the incidence of stock ownership had risen to engulf one quarter of American households in the looming financial disaster. Accordingly, the federal government assumed responsibility for protecting citizen-investors by regulating the financial securities markets. By recovering the forgotten history of this initial phase of mass investment and the issues surrounding it, Ott enriches and enlightens contemporary debates over economic reform.

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