King William's Tontine

Name: King William's Tontine
Brand: Cambridge University Press
SKU: 9781107076129
Price: 30401 HUF
Availability: InStock

Why the Retirement Annuity of the Future Should Resemble its Past

Szerző: Moshe Milevsky

Nyelv:

Kötés: Kemény kötésű

Kiadó: Cambridge University Press

Elérhetőség: Beszállítói készleten

Küldés 10-18 napon belül

30 401 Ft

In a time before bonds, treasury notes, or central banks, there were tontines. These were schemes in...

Információk a könyvről

Szerző

Moshe Milevsky

Nyelv

Angol

Kötés

Könyv - Kemény kötésű

Kiadva

2015

oldal

274

EAN

9781107076129

ISBN

1107076129

Enbook ID

09181267

Kiadó

Cambridge University Press

Súly

514

Méretek

159 x 237 x 23

Teljes leírás

In a time before bonds, treasury notes, or central banks, there were tontines. These were schemes in which a group of investors lent money to a government, corporation, or king, similar to a modern-day loan syndicate. But unlike conventional debt, periodic interest payments were distributed only to survivors. As tontine nominees died, the income of survivors correspondingly increased. Morbid, perhaps, but this was one of the earliest forms of longevity insurance in which the pool shared the risk. Moshe Milevsky tells the story of the first tontine issued by the English government in 1693, known as King William's tontine, intended to finance the war against French King Louis XIV. He explains how tontines work, the financial and economic thinking behind them, as well as why they fell into disrepute. Milevsky concludes with a provocative argument that suitably modified tontines should be resurrected for twenty-first century retirement income planning.

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King William's Tontine

Why the Retirement Annuity of the Future Should Resemble its Past

Információk a könyvről

Teljes leírás

Érdekelheti

Azok a vásárlók, akik ezt a könyvet megvásárolták, a következőket is megvásárolták