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Unlimited
Authorized users
Authorized users
Document Delivery Supplied
Can lend chapters, not whole ebooks
Title
Global shocks : an investment guide for turbulent markets / Nicholas P. Sargen.
ISBN
9783319411057 (electronic book)
3319411055 (electronic book)
9783319411040
3319411047
Published
[Cham, Switzerland] : Palgrave Macmillan [2016]
Language
English
Description
1 online resource.
Other Standard Identifiers
10.1007/978-3-319-41105-7 doi
Call Number
HG4521
Dewey Decimal Classification
332.6
Summary
How 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. .
Bibliography, etc. Note
Includes bibliographical references and index.
Access Note
Access limited to authorized users.
Digital File Characteristics
text file PDF
Source of Description
Description based on print version record.
1. 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.
