Cargando…
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.
|
| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- 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.
- 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.
- 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.
- 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.
- 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.