Title
Securities Markets in the 1980s: The New Regime 19791984Volume I,Used
Delivery time: 8-12 business days (International)
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.
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Shipping & Returns
Shipping
We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.
Returns
To facilitate a smooth return process, a Return Authorization (RA) Number is required for all returns. Returns without a valid RA number will be declined and may incur additional fees. You can request an RA number within 15 days of the original delivery date. For more details, please refer to our Return & Refund Policy page.
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Warranty
We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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Your payment information is processed securely. We do not store credit card details nor have access to your credit card information.
We accept payments with :
Visa, MasterCard, American Express, Paypal, Shopify Payments, Shop Pay and more.