The Global Economic System

How Liquidity Shocks Affect Financial Institutions and Lead to Economic Crises, Portable Documents

Business & Finance, Finance & Investing, Investments & Securities, Economics
Cover of the book The Global Economic System by George Chacko, Carolyn L. Evans, Hans Gunawan, Anders L. Sjoman, Pearson Education
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Author: George Chacko, Carolyn L. Evans, Hans Gunawan, Anders L. Sjoman ISBN: 9780132172981
Publisher: Pearson Education Publication: June 8, 2011
Imprint: FT Press Language: English
Author: George Chacko, Carolyn L. Evans, Hans Gunawan, Anders L. Sjoman
ISBN: 9780132172981
Publisher: Pearson Education
Publication: June 8, 2011
Imprint: FT Press
Language: English

Written for financial professionals, 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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Written for financial professionals, 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.

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