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Finance and Banking Are Time and Motion Machines

  • Dimitris N. Chorafas
Part of the Palgrave Macmillan Studies in Banking and Financial Institutions book series (SBFI)

Abstract

Finance and banking are perpetual motion machines based on virtual rather than real assets and, more recently, on a rapidly growing mountain of debt. They sustain their perpetual motion by being inventive and marketing-oriented, creating business opportunities on a local, national and global scale, taking risks and facing headwinds that have the potential to destabilize the whole financial system.

Keywords

Hedge Fund Financial Instrument Leverage Ratio Financial Account Standard Board Basel Committee 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes

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Copyright information

© Dimitris N. Chorafas 2012

Authors and Affiliations

  • Dimitris N. Chorafas

There are no affiliations available

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