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In Taibbi's telling, contemporary finance has perverted markets that once served important functions, turning them into frontier-style betting parlors.
Put together, one grasps the complexity and historicity of the power of contemporary finance.
Weather derivatives are located amongst the hybrid collective that is contemporary finance and are analysed through the conceptual apparatus afforded by a cultural economy approach to finance.
By the supercharged standards of contemporary finance, that is not high: most investment banks have been running with ratios of more than 20.
But the kind of rip-off revealed by the foreign exchange rigging saga is much more opaque and peculiar to the structure of contemporary finance.
Lo conducts research in two fundamental elements of contemporary finance: the explosion of technologies and instruments that have transformed the way money is measured and moved; and the idiosyncrasies of human behavior that dictate our often-irrational financial decisions.
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Contemporary mortgage finance is also vastly more complex.
In the competitive climate of contemporary global finance, it captured a large share of activity in the newer, esoteric markets—swaps, cross-exchange equity trading, and currency options—and also maintained its historical position in the conventional fields of international bank lending, underwriting, bond trading, foreign exchange trading, and investment management.
The debate over "Sensation" was marked by rancor reminiscent of earlier national battles over contemporary art financed by the National Endowment for the Arts.
They attend schools with fewer resources than those of their richer contemporaries (school finances are largely determined by local property taxes).
We must evolve beyond the outdated mechanistic worldview and impossible exponential growth paradigm which defines contemporary economics and finance, to a regenerative paradigm grounded in the holistic ecological or living systems worldview of contemporary science".
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