導讀：英文字義何其多????? 11

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Unit 1 Analysts vs Orangutans ?????? 13

分析師決戰紅毛猩猩

Unit 2 More Contests between Analysts and Monkeys?????????? 17

人猴大戰續集

Unit 3 Mobile Money ???????????? 24

行動貨幣

Unit 4 The Impact of Mobile Money ????????? 29

行動貨幣之影響

Unit 5 The Operation of the Stock Market ??????? 35

股市運作

Unit 6 High-Frequency Trading ???????? 42

高頻率交易

Unit 7 The Impact of High-Frequency Trading ??????? 46

高頻率交易之影響

Unit 8 Isaac Newton and the South Sea Bubble ??????? 53

牛頓與南海泡沫

Unit 9 John Law, Mississippi Bubble, and John Maynard Keynes ???????????? 57

勞約翰、密西西比泡沫與凱因斯

Unit 10 The Sun, the Moon, and Stock Returns ???????? 63

太陽、月亮、股票報酬率

Unit 11 A Portfolio Strategy to Weather the Storm of Business Cycles ?????????? 67

克服景氣循環風暴的投資組合策略

Unit 12 The Market for Lemons: Information Asymmetry and

the Agency Problem ?????????? 75

檸檬市場：資訊不對稱及代理問題

Unit 13 The Short Lifespan of Long-Term Capital Management (LTCM)???? 82

短命的長期資本管理公司（LTCM）

Unit 14 The Saga of Two Giant Investment Banks:Bear Stearns and

Lehman Brothers ?????????????? 88

兩大投資銀行的艱辛歷程：貝爾斯登與雷曼兄弟

Unit 15 Amaranth Advisors ?????????????????? 95

不凋之花投資顧問有限公司

Unit 16 The Blunders of Rogue Trader Nick Leeson and the Fall of Barings ???? 99

惡棍交易員尼克．李森作的蠢事和霸菱集團的沒落

Unit 17 The Notorious Japanese Corporate Culture: On the Cases of

Daiwa Bank and Sumitomo ?????????? 104

惡名昭彰的日本公司文化：大和銀行及住友

Unit 18 Episodes during the Great Recession and the Internet Era ??????? 111

大衰退及網路時代的事件

Unit 19 Economic Policies: Monetary and Fiscal ?????? 116

經濟政策：貨幣與財政

Unit 20 Financial Crises and the Precarious Nature of Banking ????? 123

金融危機與銀行業的不穩定本質

Unit 21 The Agency Problem Revisited: the Missing Built-in Checks 　? 130

再論代理問題：失落的內建監控

Unit 22 Financial Weapons of Mass Destruction ????????? 135

大規模毀滅性金融武器

Unit 23 Dealing with the Aftermath???????????? 141

處理善後

Unit 24 Eurodollars and Eurobonds ???????????????? 147

境外美元與境外債券

Unit 25 Trade Policy???????????? 151

貿易政策

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後記：翻譯知多少 ????? 159