Understanding and navigating the financial revolution.
Introduction: the need for transformational thinking
From George Bailey to the Golden Age
Accounting for profits the old-fashioned way
The "Great Moderation" as an evolutionary catalyst
Economic performance in the dynamic new world
Pressures on static business models
Dynamic finance perspective on financial crises
Pillars of strategic decision making
Value creation through dynamism and business model transformations
Beyond the facade: the importance of risk-based transparency
The old regime and its demise.
Economic performance and viability of financial institutions
Dominant forces: the future that has already happened
Pressures on static business models
Risk-based economic performance
Systematic risk exposures
Capital structure optimization
Economic performance attribution
Business model transformations.
Pillars of strategic decisions in a dynamic world
Responsive recalibrations of business models
Full-scale business model transformations
Making the strategic vision a reality
The road to financial Darwinism.
Real-world business model transformations
Stakeholder communication and equality valuation in a dynamic world
Economic value creation (and destruction) by non-financial corporations
The infamous "Carry Trade" and the old ways of thinking
A dynamic finance perspective on modern financial crises
Beyond the facade: The need for risk-based transparency
Epilogue: financial Darwinism and the crisis of 2007-2008
Appendix A: the risk-based economic performance equation
Appendix B: a case study in dynamic finance.
