| 書目名稱 | Capital Wars | | 副標題 | The Rise of Global L | | 編輯 | Michael J. Howell | | 視頻video | http://file.papertrans.cn/222/221436/221436.mp4 | | 概述 | Explains why liquidity is a key driver of global economies and financial markets and its particular importance in modern debt-based financial systems.Discusses the roles of Central Banks, shadow banki | | 圖書封面 |  | | 描述 | .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 | | 出版日期 | Book 2020 | | 關鍵詞 | financial liquidity; liquidity risk; international markets; International finance; Central Banks; institu | | 版次 | 1 | | doi | https://doi.org/10.1007/978-3-030-39288-8 | | isbn_softcover | 978-3-030-39290-1 | | isbn_ebook | 978-3-030-39288-8 | | copyright | The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerl |
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