Howell, Michael J.

Capital Wars: The Rise of - Global Liquidity

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ISBN 13:
9783030392901
author:
Howell, Michael J.
format:
Paperback
publisher:
Palgrave MacMillan
language:
English
Publication Year:
2021
Pages:
304
Dimensions:
23.4 x 15.6 x 1.8 centimetres (0
Genre:
Business, Investments & Securities, General,
Condition:
New
Availability:
Item usually sent within 5 working days
£45.71

Description

The Rise of Global Liquidity: Understanding Economic Cycles Economic cycles are driven by financial flows, including savings and credits, rather than high street inflation or interest rates. A significant pool of footloose cash, known as Global Liquidity, plays a crucial role in shaping these cycles. This $130 trillion pool of liquidity drives global markets, often determining their direction, causing disruptions, and moving at a fast pace. The growth of international financial markets since the mid-1980s has been influenced by deregulation, innovation, and easy money. As a result, financial globalization has surpassed the levels of integration reached before the First World War. The impact of Global Liquidity on these markets is substantial, with rising liquidity and investors' appetite for riskier assets contributing to higher stock prices. Today, central banks are actively pursuing quantitative easing policies, while industrial corporations and emerging market investors hold large amounts of cash. This has led to increased importance of the liquidity theory of investment. As global flows of capital continue to rise, they can trigger "capital wars" and expose the risks associated with excessive liquidity.

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Capital Wars

Howell, Michael J

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Capital Wars: The Rise of Global Liquidity The global economy is driven by financial flows, not by inflation or interest rates. A significant portion of this flow is concentrated in Global Liquidity,...