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金融危机像是个巫师带来的咒语

时间:2016-03-05 17:15来源:www.ukthesis.org 作者:英国论文网 点击联系客服: 客服:Damien

带来了巫师的咒语
The Conjuration That Brought Its Wizards


2008年金融危机已经成为一个最重要的现象记录在人类降临的历史上。没有像第二次世界大战是全球共享的灾难,甚至没有伟大的战争的苦汤影响深远,像那些咒骂应当是过去两年的行为结果。因为整个世界从未成了少数人的行动几乎将我们的世界和使我们屈服现实!这几个少数人是谁?是的,他们包括政客,因为缺乏监管和远见而使得全球经济过热和内爆,是的,他们在西方世界,包括公众狂热的欲望和廉价信贷燃料需求。生活水平的提高推动了信贷市场进入一个喝醉酒的贪婪的和危险的食人魔,是的,它包括像你和我这样的人——继续在金融领域追求事业的工科学生。它们是金融工程师——金融宇宙的主人,钱魔术师用他们的非凡的智慧和使用法术的估值操纵金融宇宙,神谕的预测和组合的债务来丰富他们的个人资金,建设金融星系的领域!这些钱魔术师建造了他们的宇宙的新面孔的钱——一脸不像一枚硬币的价值或报告的重量。这个报告显示这个新面孔和探索大崩溃,2008年的金融危机一样,这些金融部门除了介绍探索,应该提供一个有抱负的金融工程师的教育,希望他们不要重复过去的错误!他们应当很详细的了解这些掌握内平均2年电气和电子工程探索方法的学生。

ABSTRACT——摘要

The 2008 Financial Crisis has established itself as one of the most significant phenomena to have befallen the human race in recorded history. Not since the Second World Was had the entire globe shared the bitter-sweet broth of calamity and even the Great War had not consequences as far reaching, as damning as those that shall result from the actions of the past two years. Never since had the entire world bore the brunt of the actions of the few who almost brought our world and our reality to its knees! And who were these few? Yes, they included the politicians, whose lack of regulation and foresight allowed the world's economy to overheat and implode; Yes, they included the public in the Western world, whose rabid desire and demand for cheaper credit to fuel higher living standards fuelled the credit markets into a drunken and dangerous marauding ogre of greed; And yes, it included people like you and I- Engineering students- who went on to pursue careers in Finance. They are the Financial Engineers- masters of the Financial Universe, Money Magicians who have used their exceptional intellect to manipulate the Financial Universe using Spells of valuation, oracles of prediction and conjurations of debt to enrich their personal coffers and build fiefdoms of the Financial Galaxies! And these Money Magicians have built their universe upon the new face of money- a face that is unlike the worth of a coin or the weight of a note. This report shall reveal this new face and explore the great debacle that was the 2008 Financial Crisis, and these in addition to introductory exploration of the financial sector, should provide an education to aspiring Financial Engineers, in the hope that they do not repeat the mistakes of yesteryear! The approach to these explorations shall be quite detailed but within the grasp of an average 2nd Year Electrical and Electronic Engineering Student.

We have collected data and insights from sources as diverse as Academic Papers and newspaper articles to conversations and contributions by current Investment Bankers at the world's greatest financial institutions such as UBS? Investment Bank, so as to generate a report that caters for both the academic rigour and the aesthetic realities of the Financial Universe!

This Report is written in the hope that it shall open the eyes of its readers to the great mysteries of money, the 2008 Financial Crisis and the manipulations utilised by Money-Magicians to create exorbitant wealth. It is also hoped that it shall inspire the aspiring Financial Engineers through its exploration of Mathematical themes in Finance and past Financial Engineers who have made their mark in the Financial Universe- from Louis Bachelier, the father of Financial Wizardry to Robert Merton, the Newton of modern economics!

This report shall draw conclusions as to: the true meaning of money; the true cause of the Financial Crisis and how it could have been predicted; the effects of the crisis on the technology sector including a surprising effect on innovation; the single valuation technique that does not inflate the worth of a company; and as to whether the perfect language of science, mathematics, can perfectly model financial phenomena.

We hope this report offers as good reading to you as the writing did for us. And remember: it's not all about the money!

Yours truly,

Joram Sengendo

Sithan Kanagasabapathy

Michal Sobierajski

Ahmad Faizuddin

Vaibhav Patel

Ahmed Jamal

January 2010

THE CONJURATION THAT BROUGHT ITS WIZARDS AND THEIR UNIVERSE TO THEIR KNEES——带来了巫师的咒语、宇宙的膝盖

The True Face of Money and How This Contributed To the Financial Crisis of 2008

A Forbes article in early 2009 had a sub-title "Last year the world had 1,125 billionaires. Today there are 793. How did $1.4 trillion vanish". [1] This question lies in the root of the topic "What is Money?"

Many are aware that the credit crunch which hit the Global economy in late 2008 had detrimental effects on all levels of society - from the billionaire Money-Magicians of London, Wall street and Shanghai to factory workers in Vietnam.Before delving deep into the problem and its repercussions, this section will attempt to trail back to the root of the credit crunch of 2008.

The Brewing of a Storm- The Birth of a Tempest!——酝酿风暴——一个风暴的诞生


On the 12th of September 2001, Alan Greenspan, the then Chairman of the Federal Reserve (Fed) of the United States was afraid that the country's economy would have come to a standstill after the terrorist attacks on the previous day shocked the nation and the world. To encourage public spending Mr. Greenspan cut interest rates to about a half of its value before September 11 2001 to 1.75% by December 2001. [2](责任编辑:anne)



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