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Capital Wars: The Rise of Global Liquidity PAPERBACK 2020 by Michael J. Howell
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ApproximatelyC $109.98
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- Buy It NowCapital Wars: The Rise of Global Liquidity PAPERBACK 2020 by Michael J. Howell
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Located in: Philadelphia, Pennsylvania, United States
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eBay item number:204859364962
Item specifics
- Condition
- Original Language
- English
- ISBN
- 3030392902
About this product
Product Identifiers
Publisher
Springer International Publishing A&G
ISBN-10
3030392902
ISBN-13
9783030392901
eBay Product ID (ePID)
13050407854
Product Key Features
Book Title
Capital Wars : the Rise of Global Liquidity
Number of Pages
Xxii, 304 Pages
Language
English
Topic
Finance / Financial Risk Management, Finance / General, Industries / Financial Services
Publication Year
2021
Illustrator
Yes
Genre
Business & Economics
Format
Trade Paperback
Dimensions
Item Weight
17.8 Oz
Item Length
9.3 in
Item Width
6.1 in
Additional Product Features
Reviews
"As a description of the workings of the modern global financial system and the interrelationship of finance and the real economy, it has no current rival. Not for beginners, but essential reading for market practitioners." (John Plender, Financial Times, July 12, 2020), "Michael J. Howell's Capital Wars: The Rise of Global Liquidity is a must-read for anyone trying to navigate the vagaries of inflation, bond yields, risk and volatility in global markets." (Melissa Davies, spe.org.uk, March 8, 2021) "As a description of the workings of the modern global financial system and the interrelationship of finance and the real economy, it has no current rival. Not for beginners, but essential reading for market practitioners." (John Plender, Financial Times, July 12, 2020)
Dewey Edition
23
Number of Volumes
1 vol.
Dewey Decimal
332.042
Table Of Content
1. Introduction: Capital Wars.- 2. Global Money.- 3. Synopsis: A Bigger, More Volatile World.- 4. The Liquidity Model.- 5. Real Exchange Adjustment.- 6. Private Sector (Funding) Liquidity.- 7. The Central Banks: Don't Fight the Fed, Don't Upset the ECB and Don't Mess with the PBoC.- 8. Cross-border Capital Flows.- 9. China and the Emerging Markets.- 10. The Liquidity Transmission Mechanism: Understanding Future Macro-valuation Shifts.- 11. Financial Crises and Safe Assets.- 12. The Financial Silk Road: Globalisation and the Eastwards Shift of Capital.- 13. Measuring Liquidity: The Global Liquidity Indexes.- 14. Conclusion: A High Water Mark?.
Synopsis
Explains why liquidity is a key driver of global economies and financial markets and its particular importance in modern debt-based financial systems Discusses the roles of Central Banks, shadow banking and the growth of wholesale money on global liquidity Looks specifically at the developments in China, which has become a major provider of funds to international markets, Economic cycles are driven by financial flows, namely quantities of savings and credits, and not by high street inflation or interest rates. Their sweeping destructive powers are expressed through Global Liquidity, a $130 trillion pool of footloose cash. Global Liquidity describes the gross flows of credit and international capital feeding through the world's banking systems and wholesale money markets. The huge jump in the volume of international financial markets since the mid-1980s has been boosted by deregulation, innovation and easy money, with financial globalisation now surpassing the peaks of integration reached before the First World War. Global Liquidity drives these markets: it is often determinant, frequently disruptive and always fast-moving. Barely one fifth of Wall Street's huge gains over recent decades have come from earnings: rising liquidity and investors' appetite for riskier financial assets have propelled stock prices higher. Similar experiences are shared worldwide and even in emerging markets, such as India, flat earnings have not deterred waves of foreign money and domestic mutual funds from driving-up stock prices. Now with central banks actively pursuing quantitative easing policies, industrial corporations flush with cash and rising wealth levels among emerging market investors, the liquidity theory of investment has never been more important. International spill-overs of these rapacious cross-border flows sets off capital wars and exposes the unattractive face of liquidity called 'risk.' As the world grows bigger, it becomes ever more volatile. From the early 1960s onwards, the world economy and its financial markets have suffered from three broad types of shocks - labour costs, oil and commodities, and global liquidity. Financial markets spin on fragile axes and the absence of liquidity often provides a warning of upcoming troubles. Global Liquidity is a much-discussed, but narrowly-researchedand vaguely-defined topic. This book deeply explores the subject by clearly defining and measuring liquidity worldwide and by showing its importance for investors. The roles of central banks, shadow banking, the rise of Repo and growth of wholesale money are discussed. Additionally, covering the latest developments in China's increasingly dominant financial economy, this book will appeal to practitioners, policy-makers, economists and academics, as well as those with a general interest in how financial markets work.
LC Classification Number
HG1501-3550
Item description from the seller
Seller feedback (10,312)
- 4***i (4)- Feedback left by buyer.Past monthVerified purchaseThe book was packed well, absolutely perfect condition. New as described and great for fan like me. Shipping was fast, it was mailed out the next day after order was confirmed. The price was on par for a book like this. Thanks It was the great experience with the seller .
- .***7 (27)- Feedback left by buyer.Past 6 monthsVerified purchaseBook arrived in excellent condition—clean, well-preserved, and exactly as described. The book looks great, no marks or damage and well kept pages. Overall high quality - like new and book is in great shape. Seller clearly takes pride in their inventory. Shipping was quick, packaging was very secure, and the price was unbeatable. Clearly handled with care. I’m excited to dive into it! Highly recommend this seller and will definitely purchase from them again. Very happy …A+ experienceManufacturing Consent: The Political Economy of the Mass Media Paperback by E... (#204955310921)
- n***y (190)- Feedback left by buyer.Past monthVerified purchaseI don't like how the product was shipped, the box was completely crushed during shipping and my heart sank a bit because I just knew all of the books were going to be damaged, however, the books being shrink wrapped to a piece of cardboard saved them all and despite what the box looked like (no photos unfortunatly) the books are prestine. Very happy with the collection. Saving seller for future purchases.
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Seller feedback (10,312)
- 4***i (4)- Feedback left by buyer.Past monthVerified purchaseThe book was packed well, absolutely perfect condition. New as described and great for fan like me. Shipping was fast, it was mailed out the next day after order was confirmed. The price was on par for a book like this. Thanks It was the great experience with the seller .
- .***7 (27)- Feedback left by buyer.Past 6 monthsVerified purchaseBook arrived in excellent condition—clean, well-preserved, and exactly as described. The book looks great, no marks or damage and well kept pages. Overall high quality - like new and book is in great shape. Seller clearly takes pride in their inventory. Shipping was quick, packaging was very secure, and the price was unbeatable. Clearly handled with care. I’m excited to dive into it! Highly recommend this seller and will definitely purchase from them again. Very happy …A+ experienceManufacturing Consent: The Political Economy of the Mass Media Paperback by E... (#204955310921)
- n***y (190)- Feedback left by buyer.Past monthVerified purchaseI don't like how the product was shipped, the box was completely crushed during shipping and my heart sank a bit because I just knew all of the books were going to be damaged, however, the books being shrink wrapped to a piece of cardboard saved them all and despite what the box looked like (no photos unfortunatly) the books are prestine. Very happy with the collection. Saving seller for future purchases.