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01 »õ·Î¿î ¼¼°è Áú¼ - Novus Ordo Seclorum ............................................13
¢ÃKnickerbocker Crisis in 1907 17
02 2008³â ±ÝÀ¶À§±â(1) - ±Ýº»À§Á¦ ÆóÁö ......................................................20
03 2008³â ±ÝÀ¶À§±â(2) - ÆÄ»ý±ÝÀ¶»óÇ° .......................................................31
1) À§±âÀÇ À×ÅÂ: Fannie & Freddie 33
2) À§±âÀÇ ½ÉÈ: Securitization & Structured Finance 36
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4) À§±âÀÇ ÁøÈ: ±¸¿øÅõ¼ö ¹ö³ÃÅ° 56
04 À§±âÀÇ °á°ú: ¹Ì±¹ ...................................................................................65
1) Great Recession 65
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2) ±ÔÁ¦°È: Too Big to Bail! Too Big to Fail!!, Too Big to Jail? 74
3) Dodd-Frank Act 75
4) Volcker Rule 83
5) ¹Ì±¹ °æÁ¦´Â ȸº¹ Áß? 91
05 À§±âÀÇ °á°ú: Global ...............................................................................96
1) EMIR(European Market Infrastructure Regulation) 96
2) ±¹Á¦±³¿ª ¹× ±¹Á¦±ÝÀ¶ 100
3) Risk-on/Risk-off 102
4) À¯·´ÀçÁ¤À§±â I: From Convergence To Divergence 108
5) À¯·´ÀçÁ¤À§±â II: À¯·´ ÀçÁ¤ À§±â Á¾·á? 124
6) Áß±¹ I - ÀáÀÚ´Â ¿ë¿¡¼ G2·Î! 129
7) Áß±¹ II - ±×¸²ÀÚ ±ÝÀ¶(Shadow Banking) 140
8) Áß±¹ III - Globalization 2.0°ú Áß±¹¹ß ±ÝÀ¶À§±â? 146
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II ÇìÁöÆݵå 163
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03 ÇìÁöÆÝµå »ê¾÷ ÇöȲ ..............................................................................169
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1) ÇÁ¶óÀÓºê·ÎÄ¿(Prime Broker: PB) 173
2) Administrator 181
3) Custodian 185
4) Form ADV / Form PE 187
05 ÇìÁöÆݵåÀÇ ·¹¹ö¸®Áö ...........................................................................189
¢Ã2008 Madoff 195
06 ÇìÁöÆݵåÀÇ º¸¼ö ¹× ȯ¸Å(Fee and Redemption) .................................198
07 ÇìÁöÆݵåÀÇ ¼º°úºÐ¼® ±â¹ý ...................................................................201
08 Á¶¼¼È¸ÇÇó(Tax Haven) ........................................................................203
¢Ã2014 Basket Option 207
09 ÇìÁöÆݵåÀÇ ÅõÀÚ Àü·« ..........................................................................209
1) Equity Long/Short 210
2) Equity Market Neutral 221
3) Relative Value 226
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4) Global Macro ? Alchemy of the Finance 232
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5) CTA 241
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