Securities Markets in the 1980s: The New Regime 19791984Volume I,Used

Securities Markets in the 1980s: The New Regime 19791984Volume I,Used

In Stock
SKU: SONG0195106326
Brand: OXFORD UNIVERSITY PRESS
$83.84 $119.77
Save $35.93
Quantity
Add to wishlist
Add to compare

Processing time: 1-3 days

US Orders Ships in: 3-5 days

International Orders Ships in: 8-12 days

Return Policy: 15-days return on defective items

Payment Option
Payment Methods

Help

If you have any questions, you are always welcome to contact us. We'll get back to you as soon as possible, withing 24 hours on weekdays.

Customer service

All questions about your order, return and delivery must be sent to our customer service team by e-mail at yourstore@yourdomain.com

Sale & Press

If you are interested in selling our products, need more information about our brand or wish to make a collaboration, please contact us at press@yourdomain.com

Securities Markets in the 1980s is the first of two volumes that provide a uniquely comprehensive history of stock, bond, and merger markets in the 1980s as well as the economic and policy environments in which they took place. This volume analyzes the dramatic recovery in the stock and bond markets and the surge in merger activity in the first half of the 1980s, following the dismal record of the 1970s. Author Barrie Wigmore demonstrates that the period from 1979 to 1984 was a sharp departure from the economic regime of the past decade. Wigmore expertly relates the change to the new policy regime created by the Reagan administration, Federal Reserve monetary policy, falling oil prices, and the strong dollar. Although the securities markets, the economy, and inflation were performing favorably by middecade, this book reveals the stress and pain that were required to position them so favorablycontrary to rational expectations theory. Stocks and bonds reached their nadir in 1982, there were persistent financial crises that had to be surmounted, and many capital goods and commodities industries contracted permanently.With a practitioner's eye for important interrelationships, Wigmore reveals the impact of the Reagan administration on investor optimism and sorts out the influence of the Federal Reserve and the budget deficit on interest rates. He vividly recounts the crises that had to be surmounted in international and domestic finance, and provides unique insight into the role of antitrust policy, lower bank lending standards, and junk bonds in the merger boom. Wigmore also describes the roots of some of the decade's later speculative excesses in treasury bond trading, the futures markets, mortgagebacked securities, and the junk bond market.Written by a former general partner at Goldman Sachs, the insights this book offers into the workings of the securities markets will be of great interest to investors generally, academics and students in the field of finance, professionals in securities firms, and government policy makers.

⚠️ WARNING (California Proposition 65):

This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.

For more information, please visit www.P65Warnings.ca.gov.

Recently Viewed