CONTENTS

  1. Introduction
  2. The Monetary System
    1. GLOSSARY
    2. Money
    3. Fiat vs. Commodity Money
    4. Community Currencies
    5. Inflation & Deflation
    6. Exchange Rates
    7. Commercial Banks
    8. Shadow Banks
    9. Central Banks
    10. Profile: Janet Yellen
    11. Cryptocurrencies & Blockchains
  3. Investing
    1. GLOSSARY
    2. Stocks
    3. Bonds
    4. Futures & Forwards
    5. Options
    6. Mutual Funds & Exchange Traded Funds
    7. Profile: John Bogle
    8. Active vs. Passive Management
    9. Alpha & Beta
  4. Borrowing
    1. GLOSSARY
    2. Credit Cards
    3. Mortgages
    4. Personal Loans
    5. Alternative Financial Services
    6. Microfinance
    7. Profile: Muhammad Yunus
    8. Rotating Saving & Credit Associations
  5. Risk and Risk Management
    1. GLOSSARY
    2. Hedging
    3. Profile: Edward Thorp
    4. Diversification
    5. Risk, Reward & the Kelly Criterion
    6. Black Swans & Fat Tails
    7. Insurance
    8. Annuities
  6. Players and Institutions
    1. GLOSSARY
    2. Exchanges & Clearing Houses
    3. Investment Banks
    4. Hedge Funds
    5. Private Equity & Venture Capital
    6. Financial Regulation
    7. IMF & World Bank
    8. Profile: Christine Lagarde
  7. Basic Concepts
    1. GLOSSARY
    2. Trust
    3. Compound Interest & Present Values
    4. Interest Rates & the Cost of Capital
    5. Taxes & Investment Returns
    6. Arbitrage
    7. Profile: Long-term Capital Management
    8. Leverage
    9. Liquidity
    10. Securitization
  8. When Things Go Wrong
    1. GLOSSARY
    2. Bubbles
    3. Crashes
    4. Hyperinflation
    5. Gresham’s Law
    6. Bank Runs
    7. Bailouts & Too Big to Fail
    8. The Global Financial Crisis
    9. Frauds & Deception
    10. Profile: Charles Ponzi
  9. Appendices
  10. Resources
  11. Notes on Contributors
  12. Index
  13. Acknowledgements

Guide

  1. Cover
  2. Start of Content
  3. Contents
  1. 1
  2. 2
  3. 3
  4. 5
  5. 6
  6. 7
  7. 8
  8. 9
  9. 10
  10. 11
  11. 12
  12. 13
  13. 14
  14. 15
  15. 16
  16. 17
  17. 18
  18. 19
  19. 20
  20. 21
  21. 22
  22. 23
  23. 24
  24. 25
  25. 26
  26. 27
  27. 28
  28. 29
  29. 31
  30. 30
  31. 32
  32. 33
  33. 34
  34. 35
  35. 36
  36. 37
  37. 38
  38. 39
  39. 40
  40. 41
  41. 42
  42. 43
  43. 44
  44. 45
  45. 46
  46. 47
  47. 49
  48. 48
  49. 50
  50. 51
  51. 52
  52. 53
  53. 54
  54. 55
  55. 56
  56. 57
  57. 58
  58. 59
  59. 60
  60. 61
  61. 62
  62. 63
  63. 64
  64. 65
  65. 66
  66. 67
  67. 69
  68. 68
  69. 70
  70. 71
  71. 72
  72. 73
  73. 74
  74. 75
  75. 76
  76. 77
  77. 79
  78. 78
  79. 80
  80. 81
  81. 82
  82. 83
  83. 84
  84. 85
  85. 86
  86. 87
  87. 88
  88. 89
  89. 90
  90. 91
  91. 92
  92. 93
  93. 94
  94. 95
  95. 96
  96. 97
  97. 98
  98. 99
  99. 100
  100. 101
  101. 102
  102. 103
  103. 104
  104. 105
  105. 107
  106. 106
  107. 108
  108. 109
  109. 110
  110. 111
  111. 112
  112. 113
  113. 114
  114. 115
  115. 116
  116. 117
  117. 118
  118. 119
  119. 120
  120. 121
  121. 123
  122. 122
  123. 124
  124. 125
  125. 126
  126. 127
  127. 128
  128. 129
  129. 130
  130. 131
  131. 132
  132. 133
  133. 134
  134. 135
  135. 136
  136. 137
  137. 138
  138. 139
  139. 140
  140. 141
  141. 142
  142. 143
  143. 144
  144. 145
  145. 146
  146. 147
  147. 148
  148. 149
  149. 151
  150. 150
  151. 152
  152. 153
  153. 154
  154. 155
  155. 156
  156. 157
  157. 158
  158. 159
  159. 160
  160. 4