Global Economic System, The
How Liquidity Shocks Affect Financial Institutions and Lead to Economic Crises
1st Edition
Published on 8. June 2011
194 pages
978-0-13-217298-1 (ISBN)
Description
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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George Chacko | Carolyn Evans | Hans Gunawan
Global Economic System, The
How Liquidity Shocks Affect Financial Institutions and Lead to Economic Crises
Book
01/2015
Addison Wesley
€33.00
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George Chacko | Carolyn L. Evans | Hans Gunawan
The Global Economic System
How Liquidity Shocks Affect Financial Institutions and Lead to Economic Crises
Book
07/2011
Financial TImes Prentice Hall
€27.22
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