Chapters in this book

1. Frontmatter i
2. Contents v
3. Acknowledgments vii
4. Preface Financial Innovation from within the Bank ix
5. Prologue A Day in a Trader’s Life 1
6. Introduction Questioning Finance 6
7. Part I. From Models to Books
8. From Models to Books 23
9. Chapter 1 Thinking Financially and Exploring the Code 29
10. Chapter 2 Hedging and Speculating with Portfolios 55
11. Part II. Topography of a Secret Experiment
12. Topography of a Secret Experiment 87
13. Chapter 3 The Trading Room as a Market 91
14. Chapter 4 The Memory of Banking 119
15. Part III. Porous Banking: Clients and Investors in Search of Accounts
16. Porous Banking: Clients and Investors in Search of Accounts 153
17. Chapter 5 Selling Finance and the Promise of Contingency 157
18. Chapter 6 The Costs of Price 182
19. Chapter 7 Reverse Finance 204
20. Conclusion What Good Are Derivatives? 222
21. Appendix A Capital Guarantee Product: The Full Prospectus 233
22. Notes 235
23. Bibliography 265
24. Index 277