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Capital Wars : The Rise of Global Liquidity by Michael J. Howell is a nonfiction available to read on EtoBox.

What is Capital Wars : The Rise of Global Liquidity about?

Economic cycles are driven by financial flows, namely quantities of savings and credits, and not by high street inflation or interest rates. Their sweeping destructive powers are expressed through Global Liquidity, a $130 trillion pool of footloose cash. Global Liquidity describes the gross flows of credit and international capital feeding through the world's banking systems and wholesale money markets. The huge jump in the volume of international financial markets since the mid-1980s has been boosted by deregulation, innovation and easy money, with financial globalisation now surpassing the peaks of integration reached before the First World War. Global Liquidity drives these markets: it is often determinant, frequently disruptive and always fast-moving. Barely one fifth of Wall Street's huge gains over recent decades have come from earnings: rising liquidity and investors' appetite for riskier financial assets have propelled stock prices higher. Similar experiences are shared worldwide and even in emerging markets, such as India, flat earnings have not deterred waves of foreign money and domestic mutual funds from driving-up stock prices. Now with central banks actively pursuing

Who reads Capital Wars : The Rise of Global Liquidity?

Author

Michael J. Howell

Publisher

Springer International Publishing, Imprint Palgrave Macmillan

Published

2020

Language

EN

ISBN

9783030392888

Category

nonfiction

Subjects

Business, Management, Finance