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Global Shocks : an Investment Guide for Turbulent Markets.
How should investors manage portfolios during crises? This question has surfaced since the 2008 global financial crisis, which is the latest of a series of shocks that began in the early 1970s. While crisis situations offer opportunities to outperform markets or to be engulfed by them, little has be...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Cham :
Springer International Publishing,
2016.
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| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 037 | |n Title purchased via APUC SHEDL / ScopNet ebook agreement |n Economics and Finance (Springer-41170) | ||
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| 049 | |a UAMI | ||
| 100 | 1 | |a Sargen, Nicholas P. | |
| 245 | 1 | 0 | |a Global Shocks : |b an Investment Guide for Turbulent Markets. |
| 260 | |a Cham : |b Springer International Publishing, |c 2016. | ||
| 300 | |a 1 online resource (198 pages) | ||
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| 505 | 0 | |a Foreword; Preface; Note; Acknowledgments; Contents; List of Figures ; List of Tables; 1: Overview: AÈFramework forÏnvesting During Currency Crises andÄsset Bubbles; Inflation Transforms theẄorld ofÏnvesting; Disinflation Alters theËquation; Emergence ofÄsset Bubbles; Some Guideposts forÈCoping withÄsset Bubbles; Appendix: TheÈRole ofÈFinancial Institutions inÈCrises; Increased Frequency ofÈFinancial Crises; Classifying Shocks inÈThis Book; Notes; Part I: Investment Challenges in a High Inflation Era; 2: Bretton Woods' Collapse Alters theẄorld ofÏnvesting. | |
| 505 | 8 | |a Origins ofÈBretton Woods A Smooth Start; Balance ofÈPayments Pressures inẗheÈ1960s; Negotiating aÈDollar Devaluation; The Interregnum; A "Managed" System ofÈFloating Exchange Rates; Fixed Versus Floating Exchange Rates: AÈPost-Mortem; Conclusions; Notes; 3: Oil Shocks Generate Massive Payments Imbalances; Backdrop forÈFirst Oil Shock; Economic Fallout; Ameliorating Factors; Crisis Averted; The Interregnum; The Second Oil Shock; Oil Shocks: Then andÈNow; Conclusions; Note: Assessing theÏmpact ofÈRecent Oil Price Declines; Notes. | |
| 505 | 8 | |a 4: Anti-Inflation Policies: Intended andÜnintended Consequences The Volcker Shift inÈMonetary Policy; Reaganomics; Impact ofÈPolicy Mix onÈFinancial Markets; Bank Lending toÈDeveloping Countries; The Developing Country Debt Crisis; Policy Easing; Managed Lending andÈRegulatory Forbearance; Unforeseen Developments; Conclusions; Notes; 5: Policy Coordination Gives Way toÈConflict andÈTurmoil; Budget Deficits andÈCurrent Account Deficits; Japan's Emergence asäÈFinancial Power; A Resurgent Dollar; The Plaza Accord; The Louvre Accord; The October 1987 Stock Market Crash. | |
| 505 | 8 | |a 1988 Surprises International Capital Flow Dynamics; Lessons Learned fromÈDisinflation; Conclusions; Notes; 6: Speculators Attack theÈConcept ofËuropean Monetary Union; Europe Enjoys anÏnvestment Boom; Interest Rates Surge; A Global Capital Shortage?; German Monetary Unification; Steps Toward Monetary Union; Market Response toÈMaastricht; Perspective onẗheÈLaunch ofẗheËMU; Long-Term Prospects forẗheËurozone; Conclusions; Notes; Part II: Easy Credit Breeds Asset Bubbles and Instability; 7: Japan's Bubble Culminates inÈTwo Decades ofÈDeflation; Japan's Economic Miracle. | |
| 505 | 8 | |a Endaka (High Yen) Period Monetary Tightening Bursts theÈBubble; Deflation Sets In; A Balance Sheet Recession; Differences fromẗheÜS Experience; Lessons forÏnvestors andÈPolicymakers; A Perspective onÈJapan's Bubble; Conclusions; Notes; 8: Asia's Real Estate Boom Triggers Global Contagion; The Allure ofËmerging Asia; Increased Reliance onÈForeign Capital; The Onset ofẗheÈCrisis; The Crisis Spreads; The Role ofÏnternational Capital Flows; Recovery fromẗheÈCrisis; Is theÜS-Asian Relationship Sustainable?; Perspective onẗheÄsian Crisis; Conclusions; Notes. | |
| 500 | |a 9: The Tech Bubble: Some Lessons forÈRational Investors. | ||
| 520 | |a How should investors manage portfolios during crises? This question has surfaced since the 2008 global financial crisis, which is the latest of a series of shocks that began in the early 1970s. While crisis situations offer opportunities to outperform markets or to be engulfed by them, little has been written to guide investors when markets are not functioning normally. This book, which is written from a practitioner's perspective, fills the void by providing the reader with a toolkit and guiding principles to manage money when markets are in turmoil. It features ten case studies beginning with the breakdown of the Bretton Woods fixed exchange rate system through the current situation in which investors are assessing whether China could become the next bubble. Each chapter discusses how the respective crisis or bubble unfolded at the time, the way policymakers and markets responded, and the optimal strategy for positioning portfolios. The goal is to share these experiences and the lessons from them, so investors will be better prepared for future shocks. The opening chapter explores whether there are common patterns in movements of interest rates and exchange rates that investors can exploit. A conceptual framework is presented that helps explain why this is the case for traditional currency crises, but less so for asset bubbles. The concluding chapter ties the episodes together and considers how the nature of financial crises has evolved since the collapse of Bretton Woods. We cite factors that make it difficult for policymakers and investors to detect problems in advance of an asset bubble. The good news is investors get a second chance to outperform when markets are over-sold; however, they need to formulate a strategy to limit the damage during the sell-off phase and to capitalize on the eventual recovery. | ||
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Investments |x Management. | |
| 650 | 0 | |a Risk management. | |
| 650 | 0 | |a Finance. | |
| 650 | 0 | |a Investments. | |
| 650 | 2 | |a Risk Management | |
| 650 | 2 | |a Investments | |
| 650 | 6 | |a Investissements. | |
| 650 | 6 | |a Gestion du risque. | |
| 650 | 6 | |a Finances. | |
| 650 | 7 | |a risk management. |2 aat | |
| 650 | 7 | |a finance. |2 aat | |
| 650 | 7 | |a Finance |2 fast | |
| 650 | 7 | |a Investments |x Management |2 fast | |
| 650 | 7 | |a Risk management |2 fast | |
| 758 | |i has work: |a Global shocks (Text) |1 https://id.oclc.org/worldcat/entity/E39PCFHHtTy8qT3J8rT3d9vT73 |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Sargen, Nicholas P. |t Global Shocks : An Investment Guide for Turbulent Markets. |d Cham : Springer International Publishing, Ã2016 |z 9783319411040 |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=4710242 |z Texto completo |
| 938 | |a EBL - Ebook Library |b EBLB |n EBL4710242 | ||
| 994 | |a 92 |b IZTAP | ||