Global Shocks: An Investment Guide for Turbulent Markets (Hardback)Nicholas Peter Sargen (author)
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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.
Publisher: Springer International Publishing AG
Number of pages: 192
Weight: 454 g
Dimensions: 235 x 155 x 20 mm
Edition: 1st ed. 2016
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