This work addresses modern international finance - its complex financial products, instant electronic trading, which shifts billions of dollars daily, and the philosophy of the free market economy - and whether it is, in fact, a boon or a burden to the "real" economy which is populated and relied upon by the majority of us. Based on three illustrativ e stories, "The Fisherman and the Rhinoceros", "The Oyster Pearl Fisherman and Geronimo" and "The Genoan Merchant and the Molecule", the book suggests that the existence of complex and effective financial markets are actually of considerable benefit to "trade" in its widest sense.
ERIC BRIYS is a managing director at Deutsche Bank where he headsthe Insurance Strategies Group. He has worked previously forMerrill Lynch and Lehman Brothers. Prior to joining the investmentbanking world he was a Professor of Finance at the HEC School ofManagement. He has published six books on finance and economics andmore than thirty scientific articles.
FRANCOIS DE VARENNE is vice-president at Deutsche Bank where hecovers European insurance and reinsurance companies. He has workedpreviously for Merrill Lynch and Lehman Brothers. Prior to joiningthe investment banking world he was head of financial and economicsaffairs at the French Federation of Insurance Companies. Anengineer, an actuary and a PhD in finance by training he haspublished two books and more than ten scientific articles.