The rise of carry : the dangerous consequences of volatility suppression and the new financial order of decaying growth and recurring crisis /

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Bibliographic Details
Author / Creator:Lee, Tim (Economist), author.
Imprint:New York : McGrawHill, [2020]
Description:1 online resource
Language:English
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/13671941
Hidden Bibliographic Details
Other authors / contributors:Lee, Jamie (Economist), author.
Coldiron, Kevin, author.
ISBN:9781260458411
1260458415
9781260458404
Digital file characteristics:text file
Notes:Includes bibliographical references and index.
Description based on print version record and CIP data provided by publisher.
Summary:Protect yourself from the next financial meltdown with this game-changing primer on financial markets, the economy-and the meteoric rise of carry. The financial shelves are filled with books that explain how popular carry trading has become in recent years. But none has revealed just how significant a role it plays in the global economy-until now. A groundbreaking book sure to leave its mark in the canon of investing literature, The Rise of Carry explains how carry trading has virtually shaped the global economic picture-one of decaying economic growth, recurring crises, wealth disparity, and, in too many places, social and political upheaval. The authors explain how carry trades work-particularly in the currency and stock markets-and provide a compelling case for how carry trades have come to dominate the entire global business cycle. They provide thorough analyses of critical but often overlooked topics and issues, including: •The active role stock prices play in causing recessions-as opposed to the common belief that recessions cause price crashes •The real driving force behind financial asset prices •The ways that carry, volatility selling, leverage, liquidity, and profitability affect the business cycle •How positive returns to carry over time are related to market volatility-and how central bank policies have supercharged these returns Simply put, carry trading is now the primary determinant of the global business cycle-a pattern of long, steady but unspectacular expansions punctuated by catastrophic crises. The Rise of Carry provides foundational knowledge and expert insights you need to protect yourself from what have come to be common market upheavals-as well as the next major crisis.
Other form:Print version: Lee, Tim (Economist). Rise of carry New York : McGrawHill, [2020] 9781260458404
Standard no.:1260458415
9781260458411

MARC

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245 1 4 |a The rise of carry :  |b the dangerous consequences of volatility suppression and the new financial order of decaying growth and recurring crisis /  |c Tim Lee, Jamie Lee, & Kevin Coldiron. 
264 1 |a New York :  |b McGrawHill,  |c [2020] 
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504 |a Includes bibliographical references and index. 
588 |a Description based on print version record and CIP data provided by publisher. 
505 0 |a Cover -- Title Page -- Copyright Page -- Contents -- Figures and Tables -- Preface and Acknowledgments -- 1 Introduction-The Nature of Carry -- 2 Currency Carry Trades and Their Role in the Global Economy -- 3 Carry, Leverage, and Credit -- 4 Dimensions of Carry and Its Profitability as an Investment Strategy -- 5 The Agents of Carry -- 6 The Fundamental Nature of the Carry Regime -- 7 The Monetary Ramifications of the Carry Regime -- 8 Carry, Financial Bubbles, and the Business Cycle -- 9 The Foundation of Carry in the Structure of Volatility -- 10 Does the Carry Regime Have to Exist? 
505 8 |a 11 Carry Is Synonymous with Power -- 12 The Globalization of Carry -- 13 Beyond the Vanishing Point -- Index -- About the Authors 
520 |a Protect yourself from the next financial meltdown with this game-changing primer on financial markets, the economy-and the meteoric rise of carry. The financial shelves are filled with books that explain how popular carry trading has become in recent years. But none has revealed just how significant a role it plays in the global economy-until now. A groundbreaking book sure to leave its mark in the canon of investing literature, The Rise of Carry explains how carry trading has virtually shaped the global economic picture-one of decaying economic growth, recurring crises, wealth disparity, and, in too many places, social and political upheaval. The authors explain how carry trades work-particularly in the currency and stock markets-and provide a compelling case for how carry trades have come to dominate the entire global business cycle. They provide thorough analyses of critical but often overlooked topics and issues, including: •The active role stock prices play in causing recessions-as opposed to the common belief that recessions cause price crashes •The real driving force behind financial asset prices •The ways that carry, volatility selling, leverage, liquidity, and profitability affect the business cycle •How positive returns to carry over time are related to market volatility-and how central bank policies have supercharged these returns Simply put, carry trading is now the primary determinant of the global business cycle-a pattern of long, steady but unspectacular expansions punctuated by catastrophic crises. The Rise of Carry provides foundational knowledge and expert insights you need to protect yourself from what have come to be common market upheavals-as well as the next major crisis. 
542 |f Copyright © McGraw-Hill 2019  |g 2019 
650 0 |a Capital market.  |0 http://id.loc.gov/authorities/subjects/sh85019945 
650 0 |a Carry trades (Foreign exchange)  |0 http://id.loc.gov/authorities/subjects/sh2008009485 
650 0 |a Business cycles.  |0 http://id.loc.gov/authorities/subjects/sh85018278 
650 0 |a Monetary policy.  |0 http://id.loc.gov/authorities/subjects/sh85086787 
650 0 |a Financial crises.  |0 http://id.loc.gov/authorities/subjects/sh89002668 
650 6 |a Marché financier. 
650 6 |a Opération spéculative sur écart de rendement (Change) 
650 6 |a Cycles économiques. 
650 6 |a Politique monétaire. 
650 7 |a BUSINESS & ECONOMICS / Finance / General.  |2 bisacsh 
650 7 |a BUSINESS & ECONOMICS / Investments & Securities / General.  |2 bisacsh 
650 7 |a BUSINESS & ECONOMICS / Investments & Securities / Futures.  |2 bisacsh 
650 7 |a BUSINESS & ECONOMICS / Investments & Securities / Portfolio Management.  |2 bisacsh 
650 7 |a BUSINESS & ECONOMICS / Finance / Financial Risk Management.  |2 bisacsh 
650 7 |a BUSINESS & ECONOMICS / Forecasting.  |2 bisacsh 
650 7 |a BUSINESS & ECONOMICS / International / Economics.  |2 bisacsh 
650 7 |a BUSINESS & ECONOMICS / Money & Monetary Policy.  |2 bisacsh 
650 7 |a Business cycles  |2 fast 
650 7 |a Capital market  |2 fast 
650 7 |a Carry trades (Foreign exchange)  |2 fast 
650 7 |a Financial crises  |2 fast 
650 7 |a Monetary policy  |2 fast 
700 1 |a Lee, Jamie  |c (Economist),  |e author.  |0 http://id.loc.gov/authorities/names/n2019039332 
700 1 |a Coldiron, Kevin,  |e author.  |0 http://id.loc.gov/authorities/names/n2019039330 
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