Register your product to gain access to bonus material or receive a coupon.
Global Economic System, The: How Liquidity Shocks Affect Financial Institutions and Lead to Economic Crises
- Your Price: $27.99
- List Price: $34.99
- Includes EPUB, MOBI, and PDF
- About eBook Formats
This eBook includes the following formats, accessible from your Account page after purchase:
EPUB The open industry format known for its reflowable content and usability on supported mobile devices.
MOBI The eBook format compatible with the Amazon Kindle and Amazon Kindle applications.
PDF The popular standard, used most often with the free Adobe® Reader® software.
This eBook requires no passwords or activation to read. We customize your eBook by discretely watermarking it with your name, making it uniquely yours.
Also available in other formats.
- Copyright 2011
- Dimensions: 6" x 9"
- Pages: 224
- Edition: 1st
- eBook (Watermarked)
- ISBN-10: 0-13-276308-7
- ISBN-13: 978-0-13-276308-0
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.
Table of Contents
Chapter 1: Motivation for Understanding Liquidity Risk 1
Chapter 2: Liquidity Risk: Concepts 11
Chapter 3: The Great Depression 59
Chapter 4: Japan’s Lost Decade 105
Chapter 5: The Great Recession 173
Chapter 6: Conclusion 247
ONE MONTH ACCESS!
Get unlimited 30-day access to thousands of Books & Training Videos about technology, professional development and digital media If you continue your subscription after your 30-day trial, you can receive 30% off a monthly subscription to the Safari Library for up to 12 months.