The Rise Of Carry The Dangerous Consequences Of Volatility Suppression And The New Financial Order Of Decaying Growth And Recurring Crisis

Author : Tim Lee
Publisher : McGraw Hill Professional
ISBN 13 : 1260458415
Total Pages : 288 pages
Book Rating : 4.11/5 ( download)

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Download or read book The Rise of Carry: The Dangerous Consequences of Volatility Suppression and the New Financial Order of Decaying Growth and Recurring Crisis written by Tim Lee and published by McGraw Hill Professional. This book was released on 2019-12-13 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Protect yourself from the next financial meltdown with this game-changing primer on financial markets, the economy—and the meteoric rise of carry. The financial shelves are filled with books that explain how popular carry trading has become in recent years. But none has revealed just how significant a role it plays in the global economy—until now. A groundbreaking book sure to leave its mark in the canon of investing literature, The Rise of Carry explains how carry trading has virtually shaped the global economic picture—one of decaying economic growth, recurring crises, wealth disparity, and, in too many places, social and political upheaval. The authors explain how carry trades work—particularly in the currency and stock markets—and provide a compelling case for how carry trades have come to dominate the entire global business cycle. They provide thorough analyses of critical but often overlooked topics and issues, including: •The active role stock prices play in causing recessions—as opposed to the common belief that recessions cause price crashes •The real driving force behind financial asset prices •The ways that carry, volatility selling, leverage, liquidity, and profitability affect the business cycle •How positive returns to carry over time are related to market volatility—and how central bank policies have supercharged these returns Simply put, carry trading is now the primary determinant of the global business cycle—a pattern of long, steady but unspectacular expansions punctuated by catastrophic crises. The Rise of Carry provides foundational knowledge and expert insights you need to protect yourself from what have come to be common market upheavals—as well as the next major crisis.

Author : Jeffrey Friedman
Publisher : University of Pennsylvania Press
ISBN 13 : 081220493X
Total Pages : 372 pages
Book Rating : 4.33/5 ( download)

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Download or read book What Caused the Financial Crisis written by Jeffrey Friedman and published by University of Pennsylvania Press. This book was released on 2011-06-06 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: The deflation of the subprime mortgage bubble in 2006-7 is widely agreed to have been the immediate cause of the collapse of the financial sector in 2008. Consequently, one might think that uncovering the origins of subprime lending would make the root causes of the crisis obvious. That is essentially where public debate about the causes of the crisis began—and ended—in the month following the bankruptcy of Lehman Brothers and the 502-point fall in the Dow Jones Industrial Average in mid-September 2008. However, the subprime housing bubble is just one piece of the puzzle. Asset bubbles inflate and burst frequently, but severe worldwide recessions are rare. What was different this time? In What Caused the Financial Crisis leading economists and scholars delve into the major causes of the worst financial collapse since the Great Depression and, together, present a comprehensive picture of the factors that led to it. One essay examines the role of government regulation in expanding home ownership through mortgage subsidies for impoverished borrowers, encouraging the subprime housing bubble. Another explores how banks were able to securitize mortgages by manipulating criteria used for bond ratings. How this led to inaccurate risk assessments that could not be covered by sufficient capital reserves mandated under the Basel accords is made clear in a third essay. Other essays identify monetary policy in the United States and Europe, corporate pay structures, credit-default swaps, banks' leverage, and financial deregulation as possible causes of the crisis. With contributions from Richard A. Posner, Vernon L. Smith, Joseph E. Stiglitz, and John B. Taylor, among others, What Caused the Financial Crisis provides a cogent, comprehensive, and credible explanation of why the crisis happened. It will be an essential resource for scholars and students of finance, economics, history, law, political science, and sociology, as well as others interested in the financial crisis and the nature of modern capitalism and regulation.

Author : Onno de Beaufort Wijnholds
Publisher : Springer
ISBN 13 : 0230354203
Total Pages : 211 pages
Book Rating : 4.03/5 ( download)

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Download or read book Fighting Financial Fires written by Onno de Beaufort Wijnholds and published by Springer. This book was released on 2011-09-16 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: A topical insider view of causes and consequences of financial crises since the Mexican collapse of 1995. The book includes a detailed exploration of recent and ongoing firestorms, including the near meltdown of the global financial system and the euro crisis and suggests ways to save the international financial and monetary system.

Author : Steven Drobny
Publisher : John Wiley & Sons
ISBN 13 : 1118046463
Total Pages : 448 pages
Book Rating : 4.63/5 ( download)

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Download or read book Inside the House of Money written by Steven Drobny and published by John Wiley & Sons. This book was released on 2011-02-02 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inside the House of Money lifts the veil on the typically opaque world of hedge funds, offering a rare glimpse at how today's highest paid money managers approach their craft. Author Steven Drobny demystifies how these star traders make billions for well-heeled investors, revealing their theories, strategies and approaches to markets. Drobny, cofounder of Drobny Global Advisors, an international macroeconomic research and advisory firm, has tapped into his network and beyond in order assemble this collection of thirteen interviews with the industry's best minds. Along the way, you'll get an inside look at firsthand trading experiences through some of the major world financial crises of the last few decades. Whether Russian bonds, Pakistani stocks, Southeast Asian currencies or stakes in African brewing companies, no market or instrument is out of bounds for these elite global macro hedge fund managers. Highly accessible and filled with in-depth expert opinion, Inside the House of Money is a must-read for financial professionals and anyone else interested in understanding the complexities at stake in world financial markets. "The ruminations of supposedly hush-hush hedge fund operators are richly illuminating." --New York Times

Author : Katrina vanden Heuvel
Publisher : Bold Type Books
ISBN 13 : 1568584334
Total Pages : 338 pages
Book Rating : 4.31/5 ( download)

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Download or read book Meltdown written by Katrina vanden Heuvel and published by Bold Type Books. This book was released on 2009-01-09 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the leading magazine on the left, an exose of the failures, lies and misdeeds that caused the financial collapse—and a plan for rescuing the country.

Author : Seth Weinberger
Publisher : Bloomsbury Publishing USA
ISBN 13 : 0313360405
Total Pages : 196 pages
Book Rating : 4.04/5 ( download)

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Download or read book Restoring the Balance written by Seth Weinberger and published by Bloomsbury Publishing USA. This book was released on 2009-08-10 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 9/11, one of the most dominant issues in American politics has been: what exactly is a war on terror and who is in charge of it? Previous books on this topic have fallen off the horse on either side: on the right, making military actions under the Bush administration equal to previous declared wars and ceding too much war-making power to the presidency or on the left, requiring congressional approval for any national security steps at all, contradicting much of American historical precedent. Weinberger presents a novel understanding of the Declare War clause of the Constitution (Article 1, Section 8), filtering it through the AUMFs passed by Congress since 9/11 and concluding that the Presidency has wide latitude and autonomy in the overseas theaters, but not on the domestic front.

Author : Marko Papic
Publisher : John Wiley & Sons
ISBN 13 : 1119740223
Total Pages : 304 pages
Book Rating : 4.23/5 ( download)

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Download or read book Geopolitical Alpha written by Marko Papic and published by John Wiley & Sons. This book was released on 2020-10-15 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Forecast geopolitics and markets with this clear and insightful resource Geopolitical Alpha – An Investment Framework for Predicting the Future provides readers with an original and compelling approach to forecasting the future and beating the markets while doing so. Persuasively written by author, investment strategist, and geopolitical analyst Marko Papic, the book applies a novel framework for making sense of the cacophony of geopolitical risks with the eye towards generating investment-relevant insights. Geopolitical Alpha posits that investors should ignore the media-hyped narratives, insights from "smoke-filled rooms," and most of their political consultants and, instead, focus exclusively on the measurable, material constraints facing policymakers. In the tug-of-war between policymaker preferences and their constraints, the latter always win out in the end. Papic uses a wealth of examples from the past decade to illustrate how one can use his constraint-framework to generate Geopolitical Alpha. In the process, the book discusses: What paradigm shifts will drive investment returns over the next decade Why investment and corporate professionals can no longer treat geopolitics as an exogenous risk How to ignore the media and focus on what drives market narratives that generate returns Perfect for investors, C-suite executives, and investment professionals, Geopolitical Alpha belongs on the shelf of anyone interested in the intersection of geopolitics, economics, and finance.

Author : Jack S. Levy
Publisher : University of Chicago Press
ISBN 13 : 0226476278
Total Pages : 297 pages
Book Rating : 4.78/5 ( download)

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Download or read book The Arc of War written by Jack S. Levy and published by University of Chicago Press. This book was released on 2011-08-26 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this far-reaching exploration of the evolution of warfare in human history, Jack S. Levy and William R. Thompson provide insight into the perennial questions of why and how humans fight. Beginning with the origins of warfare among foraging groups, The Arc of War draws on a wealth of empirical data to enhance our understanding of how war began and how it has changed over time. The authors point to the complex interaction of political economy, political and military organization, military technology, and the threat environment—all of which create changing incentives for states and other actors. They conclude that those actors that adapt survive, and those that do not are eliminated. In modern times, warfare between major powers has become exceedingly costly and therefore quite rare, while lesser powers are too weak to fight sustained and decisive wars or to prevent internal rebellions. Conceptually innovative and historically sweeping, The Arc of War represents a significant contribution to the existing literature on warfare.

Author : Richard Vague
Publisher : University of Pennsylvania Press
ISBN 13 : 0812296613
Total Pages : 240 pages
Book Rating : 4.17/5 ( download)

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Download or read book A Brief History of Doom written by Richard Vague and published by University of Pennsylvania Press. This book was released on 2019-03-25 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial crises happen time and again in post-industrial economies—and they are extraordinarily damaging. Building on insights gleaned from many years of work in the banking industry and drawing on a vast trove of data, Richard Vague argues that such crises follow a pattern that makes them both predictable and avoidable. A Brief History of Doom examines a series of major crises over the past 200 years in the United States, Great Britain, Germany, France, Japan, and China—including the Great Depression and the economic meltdown of 2008. Vague demonstrates that the over-accumulation of private debt does a better job than any other variable of explaining and predicting financial crises. In a series of clear and gripping chapters, he shows that in each case the rapid growth of loans produced widespread overcapacity, which then led to the spread of bad loans and bank failures. This cycle, according to Vague, is the essence of financial crises and the script they invariably follow. The story of financial crisis is fundamentally the story of private debt and runaway lending. Convinced that we have it within our power to break the cycle, Vague provides the tools to enable politicians, bankers, and private citizens to recognize and respond to the danger signs before it begins again.

Author : Harry Cendrowski
Publisher : John Wiley & Sons
ISBN 13 : 047010743X
Total Pages : 450 pages
Book Rating : 4.30/5 ( download)

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Download or read book The Handbook of Fraud Deterrence written by Harry Cendrowski and published by John Wiley & Sons. This book was released on 2007-01-29 with total page 450 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook of Fraud Deterrence encompasses the applicable professional standards and common applications for forensic accounting, fraud deterrence, and fraud investigation services. It is the first book that explains fraud deterrence through internal control improvement within the structure of forensic accounting procedures.