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 heads the Insurance Strategies Group. He has worked previously for Merrill Lynch and Lehman Brothers. Prior to joining the investment banking world he was a Professor of Finance at the HEC School of Management. He has published six books on finance and economics and more than thirty scientific articles.
FRANCOIS DE VARENNE is vice-president at Deutsche Bank where he covers European insurance and reinsurance companies. He has worked previously for Merrill Lynch and Lehman Brothers. Prior to joining the investment banking world he was head of financial and economics affairs at the French Federation of Insurance Companies. An engineer, an actuary and a PhD in finance by training he has published two books and more than ten scientific articles.