The Global Economic System : How Liquidity Shocks Affect Financial Institutions and Lead to Economic Crises /
This is the first professional-level authoritative guide to today's global financial system: how it works, how its elements fit together, and the vulnerabilities that can cause it to fail. Writing for working financial professionals and other sophisticated readers, the authors thoroughly explai...
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| Format: | text |
| Language: | eng |
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Upper Saddle River, N.J. : FT Press,
2011
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| _version_ | 1796741387823087616 |
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| author | Chacko, George, author 337935 Evans, Carolyn, author 586284 Gunawan, Hans, author9635061 635061 Sjoman, Anders, author 635062 |
| author_facet | Chacko, George, author 337935 Evans, Carolyn, author 586284 Gunawan, Hans, author9635061 635061 Sjoman, Anders, author 635062 |
| author_sort | Chacko, George, author 337935 |
| collection | OCEAN |
| description | This is the first professional-level authoritative guide to today's global financial system: how it works, how its elements fit together, and the vulnerabilities that can cause it to fail. Writing for working financial professionals and other sophisticated readers, the authors thoroughly explain the modern global credit system; the roles of banks, hedge funds, insurers, central banks, mortgage markets, and other participants; and the credit-related instruments they rely on. In particular, the authors illuminate the crucial importance of liquidity, and show why liquidity failures have been the key cause of all major market crashes for the past several decades. The Global Financial System thoroughly examines economic environments in which slow de-leveraging leads to prolonged sluggish growth, and compares today's environment to other periods of deleveraging, such as the Great Depression and the Japanese economic meltdown of the '90s and '00s. It predicts potential pathways for the current crisis, and offers essential guidance to both policymakers and investment decision-makers. |
| first_indexed | 2024-03-05T11:44:06Z |
| format | text |
| id | KOHA-OAI-TEST:464748 |
| institution | Universiti Teknologi Malaysia - OCEAN |
| language | eng |
| last_indexed | 2024-03-05T11:44:06Z |
| publishDate | 2011 |
| publisher | Upper Saddle River, N.J. : FT Press, |
| record_format | dspace |
| spelling | KOHA-OAI-TEST:4647482021-08-16T07:04:15ZThe Global Economic System : How Liquidity Shocks Affect Financial Institutions and Lead to Economic Crises / Chacko, George, author 337935 Evans, Carolyn, author 586284 Gunawan, Hans, author9635061 635061 Sjoman, Anders, author 635062 textUpper Saddle River, N.J. : FT Press,2011©2011engThis is the first professional-level authoritative guide to today's global financial system: how it works, how its elements fit together, and the vulnerabilities that can cause it to fail. Writing for working financial professionals and other sophisticated readers, the authors thoroughly explain the modern global credit system; the roles of banks, hedge funds, insurers, central banks, mortgage markets, and other participants; and the credit-related instruments they rely on. In particular, the authors illuminate the crucial importance of liquidity, and show why liquidity failures have been the key cause of all major market crashes for the past several decades. The Global Financial System thoroughly examines economic environments in which slow de-leveraging leads to prolonged sluggish growth, and compares today's environment to other periods of deleveraging, such as the Great Depression and the Japanese economic meltdown of the '90s and '00s. It predicts potential pathways for the current crisis, and offers essential guidance to both policymakers and investment decision-makers.Includes bibliographical references and index.Introduction -- Liquidity risk: concepts -- The Great Depression -- Japan's lost decade -- The Great Recession -- Conclusion.This is the first professional-level authoritative guide to today's global financial system: how it works, how its elements fit together, and the vulnerabilities that can cause it to fail. Writing for working financial professionals and other sophisticated readers, the authors thoroughly explain the modern global credit system; the roles of banks, hedge funds, insurers, central banks, mortgage markets, and other participants; and the credit-related instruments they rely on. In particular, the authors illuminate the crucial importance of liquidity, and show why liquidity failures have been the key cause of all major market crashes for the past several decades. The Global Financial System thoroughly examines economic environments in which slow de-leveraging leads to prolonged sluggish growth, and compares today's environment to other periods of deleveraging, such as the Great Depression and the Japanese economic meltdown of the '90s and '00s. It predicts potential pathways for the current crisis, and offers essential guidance to both policymakers and investment decision-makers.PSZ_JBInternational financeLiquidity (Economics)Financial crisesURN:ISBN:9780137050123URN:ISBN:0137050127 |
| spellingShingle | International finance Liquidity (Economics) Financial crises Chacko, George, author 337935 Evans, Carolyn, author 586284 Gunawan, Hans, author9635061 635061 Sjoman, Anders, author 635062 The Global Economic System : How Liquidity Shocks Affect Financial Institutions and Lead to Economic Crises / |
| title | The Global Economic System : How Liquidity Shocks Affect Financial Institutions and Lead to Economic Crises / |
| title_full | The Global Economic System : How Liquidity Shocks Affect Financial Institutions and Lead to Economic Crises / |
| title_fullStr | The Global Economic System : How Liquidity Shocks Affect Financial Institutions and Lead to Economic Crises / |
| title_full_unstemmed | The Global Economic System : How Liquidity Shocks Affect Financial Institutions and Lead to Economic Crises / |
| title_short | The Global Economic System : How Liquidity Shocks Affect Financial Institutions and Lead to Economic Crises / |
| title_sort | global economic system how liquidity shocks affect financial institutions and lead to economic crises |
| topic | International finance Liquidity (Economics) Financial crises |
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