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000764120 019__ $$a960280245$$a961874440$$a966363119
000764120 020__ $$a9783319411057$$q(electronic book)
000764120 020__ $$a3319411055$$q(electronic book)
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000764120 0247_ $$a10.1007/978-3-319-41105-7$$2doi
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000764120 1001_ $$aSargen, Nicholas Peter,$$d1944-$$eauthor.
000764120 24500 $$aGlobal shocks :$$ban investment guide for turbulent markets /$$cNicholas P. Sargen.
000764120 264_1 $$a[Cham, Switzerland] :$$bPalgrave Macmillan$$c[2016]
000764120 300__ $$a1 online resource.
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000764120 347__ $$atext file$$bPDF$$2rda
000764120 504__ $$aIncludes bibliographical references and index.
000764120 5050_ $$a1. Overview: A Framework for Investing During Currency Crises and Asset Bubbles -- 2. Bretton Woods’ Collapse Alters the World of Investing -- 3. Oil Shocks Generate Massive Payments Imbalances -- 4. Anti-Inflation Policies: Intended and Unintended Consequences -- 5. Policy Coordination Gives Way to Conflict and Turmoil -- 6. Speculators Attack the Concept of European Monetary Union -- 7. Japan’s Bubble Culminates in Two Decades of Deflation -- 8. Asia’s Real Estate Boom Spawns Global Contagion -- 9. The Tech Bubble: Some Lessons for Rational Investors -- 10. The Global Financial Crisis: No Place for Investors to Hide -- 11. China’s Economic Miracle: Is It the Next Bubble? -- 12. Conclusion: Guidelines for Investing During Crises.
000764120 506__ $$aAccess limited to authorized users.
000764120 520__ $$aHow should investors manage portfolios during crises? This question has surfaced since the 2008 global financial crisis, which is the latest of a series of shocks that began in the early 1970s. While crisis situations offer opportunities to outperform markets or to be engulfed by them, little has been written to guide investors when markets are not functioning normally. This book, which is written from a practitioner’s perspective, fills the void by providing the reader with a toolkit and guiding principles to manage money when markets are in turmoil. It features ten case studies beginning with the breakdown of the Bretton Woods fixed exchange rate system through the current situation in which investors are assessing whether China could become the next bubble. Each chapter discusses how the respective crisis or bubble unfolded at the time, the way policymakers and markets responded, and the optimal strategy for positioning portfolios.The goal is to share these experiences and the lessons from them, so investors will be better prepared for future shocks. The opening chapter explores whether there are common patterns in movements of interest rates and exchange rates that investors can exploit. A conceptual framework is presented that helps explain why this is the case for traditional currency crises, but less so for asset bubbles. The concluding chapter ties the episodes together and considers how the nature of financial crises has evolved since the collapse of Bretton Woods. We cite factors that make it difficult for policymakers and investors to detect problems in advance of an asset bubble. The good news is investors get a second chance to outperform when markets are over-sold; however, they need to formulate a strategy to limit the damage during the sell-off phase and to capitalize on the eventual recovery. .
000764120 588__ $$aDescription based on print version record.
000764120 650_0 $$aInvestments$$xManagement.
000764120 650_0 $$aRisk management.
000764120 650_0 $$aFinance.
000764120 650_0 $$aInvestment banking.
000764120 650_0 $$aSecurities.
000764120 650_0 $$aCapital market.
000764120 77608 $$iPrint version:$$tGlobal Shocks.$$d[Place of publication not identified] : Palgrave Macmillan 2016$$z9783319411040$$w(OCoLC)950953144
000764120 852__ $$bebk
000764120 85640 $$3SpringerLink$$uhttps://univsouthin.idm.oclc.org/login?url=http://link.springer.com/10.1007/978-3-319-41105-7$$zOnline Access$$91397441.1
000764120 909CO $$ooai:library.usi.edu:764120$$pGLOBAL_SET
000764120 980__ $$aEBOOK
000764120 980__ $$aBIB
000764120 982__ $$aEbook
000764120 983__ $$aOnline
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