Author: John J.Murphy
- Trading books are a form of accounting ledger that contains records of all tradeable financial assets of a bank.
- Trading books are subject to gains and losses that affect the financial institution directly.
- Losses in a bank’s trading book can have a cascading effect on the global economy, such as those that occurred during the 2008 financial crisis.
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About the Author
Murphy is a professor of English at Brigham Young University.
Timothy F. Murphy is Assistant Professor of Philosophy in the Biomedical Sciences and Marc A. Lapp? is Professor of Health Policy and Ethics at the University of Illinois College of Medicine. Murphy is co-editor of “Writing AIDS: Gay Literature, Language and Analysis” (1992), and Lapp? is the author of “Chemical Deception” (1991).
JOHN J. MURPHY has been the technical analyst for CNBC-TV for the past six years. He is the author of the bestselling Technical Analysis of the Futures Markets and Intermarket Technical Analysis. Mr. Murphy is President of MURPHYMORRIS, Inc. which was created to produce interactive educational products and services in the field of technical analysis. The website is www.murphymorris.com.
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