Suchergebnisse

This e-book explores the recent financial crisis. The first paper provides a clear and comprehensive account of how it has played out in Europe and of the resultant debate about its implications for banking regulation. The next two papers address the causes of the grave difficulties the banking industry has faced. Robert S. Clarkson raises some fundamental questions about both the theoretical foundations and the practice of modern finance and explains how important lessons can be drawn from actuarial science and the seminal work of Adam Smith. Robert Sollis deals with the calculation and inter

Seventy-six million Baby Boomers are careening toward retirement in the United States. Demographic shifts toward aging populations are taking place around the Western world, as a variety of factors-biological, technological, medical, and sociocultural-are extending life spans. Meanwhile, birth rates are declining. The scaremongers argue that this generational shift is going to be disastrous: It will result in skyrocketing tax rates, lower retirement and health benefits, higher inflation, increased unemployment and poverty, political instability, and a host of other societal ills. But will it?