Search Results for tectonic-shifts-in-financial-markets

In this wide-ranging book, Wall Street legend Henry Kaufman recounts the events surrounding the catastrophic collapse of Lehman Brothers from his then vantage point on the board.

Author: Henry Kaufman

Publisher: Springer

ISBN: 9783319483870

Category: Business & Economics

Page: 180

View: 528

In this wide-ranging book, Wall Street legend Henry Kaufman recounts the events surrounding the catastrophic collapse of Lehman Brothers from his then vantage point on the board. He explains how, ironically, the Federal Reserve’s shortcomings contributed to its growing power. And he argues that Dodd-Frank – by sanctioning rather than truly addressing the too‐big‐to‐fail dilemma – squandered a rare opportunity for essential reform. Whether sparring in print with Citicorp’s mercurial Walter Wriston, consulting with British Prime Minister Margaret Thatcher, spurning a deal with junk bond king Michael Milken, or reflecting on his long-time friend Paul Volcker, Kaufman brings readers inside post-war Wall Street. Looking ahead, he dissects major national and global trends and the likely future of credit markets, financial institutions, and leading economies. As we search for bearings in the wake of the 2008 financial debacle, Henry Kaufman offers sage and penetrating analysis of today’s superheated and – he argues – still‐fragile financial world.
2017-02-16 By Henry Kaufman

The Geoeconomic Realignment of Globalizing Markets Jagdish N Sheth, Rajendra Sisodia ... infrastructures for the transportation of people , goods and information , an outstanding educational system , strong financial markets and so on .

Author: Jagdish N Sheth

Publisher: SAGE

ISBN: 0761934901

Category: Business & Economics

Page: 350

View: 223

While the world is still coming to grips with the implications of globalization, Tectonic Shift: The Geoeconomic Realignment of Globalizing Markets investigates what the globe’s economic and geopolitical future looks like and discovers the unfolding of an unprecedented realignment of forces. Based on extensive study and analysis, the authors of this compelling book argue that regionalization will replace the much celebrated globalization, characterized by extensive North-South integration between developed and developing nations. Authors Jagdish N. Sheth and Rajendra S. Sisodia describe how the world is evolving into three huge economic and political unions, which will take shape by 2020, and make various predictions.
2006-02-23 By Jagdish N Sheth

In 2007–2008, the deterioration in the US housing market proved to be an important trigger in destroying system-wide liquidity. One solution to the 'safe' asset ... Henry Kaufman, Tectonic Shifts in Financial Markets, Palgrave, 2017.

Author: Michael J. Howell

Publisher: Springer Nature

ISBN: 9783030392888

Category: Business & Economics

Page: 304

View: 549

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 quantitative easing policies, industrial corporations flush with cash and rising wealth levels among emerging market investors, the liquidity theory of investment has never been more important. International spill-overs of these rapacious cross-border flows sets off capital wars and exposes the unattractive face of liquidity called ‘risk.’ As the world grows bigger, it becomes ever more volatile. From the early 1960s onwards, the world economy and its financial markets have suffered from three broad types of shocks – labour costs, oil and commodities, and global liquidity. Financial markets spin on fragile axes and the absence of liquidity often provides a warning of upcoming troubles. Global Liquidity is a much-discussed, but narrowly-researched and vaguely-defined topic. This book deeply explores the subject by clearly defining and measuring liquidity worldwide and by showing its importance for investors. The roles of central banks, shadow banking, the rise of Repo and growth of wholesale money are discussed. Additionally, covering the latest developments in China’s increasingly dominant financial economy, this book will appeal to practitioners, policy-makers, economists and academics, as well as those with a general interest in how financial markets work.
2020-03-24 By Michael J. Howell

" --Els Knoope, Senior Portfolio Manager, APG Asset Management "This book provides excellent advice for beginners in sustainable investing and also for those more advanced.

Author: Hanna Silvola

Publisher: Springer Nature

ISBN: 9783030714895

Category: Bank marketing

Page: 241

View: 726

"Sustainable Investing offers practical advice to market participants, with a variety of examples from investors and corporates who have dealt with the challenge of integrating Environmental, Social and Governance (ESG) aspects into their operations. The authors anchor these case studies in emerging research from academic finance, while providing readers with a critical lens to evaluate the strengths and weaknesses of what may sometimes appear to be contradictory conclusions. Sustainable Investing is an excellent resource for international investors, advisors, and corporates." --Annie Bersagel, Portfolio Manager - ESG, Folketrygdfondet, Government Pension Fund Norway "A must-read to understand the tectonic shift of sustainable finance and how to be a part of it- through detailed case-studies and first-hand practitioners' input, this book takes on the challenge of making sustainable investments clear and actionable." --Carole Crozat, CFA, Head of Thematic Research for Sustainable Investments, BlackRock Most of what is described as sustainability investing today is very far from the mark. If we are to build a truly regenerative economy, across all dimensions of value creation, we must transform not just financial markets but economics itself. This timely book by Hanna Silvola and Tiina Landau is a welcome guide to an increasingly complex landscape of risk and opportunity." --John Elkington, Author of Green Swans: The Coming Boom in Regenerative Capitalism "Pension investors want to make sure that their pension funds are able to provide their participants with a good pension. At the same time, they also want to contribute to a sustainable world with good quality of life, for current and future generations. Sustainable Investing provides a comprehensive overview with many practical cases that inspire to take action." --Els Knoope, Senior Portfolio Manager, APG Asset Management "This book provides excellent advice for beginners in sustainable investing and also for those more advanced. The concrete examples are helpful and not easy to come by yet in the public space. Recommended reading for investors and the interested public alike." --Eila Kreivi, Director, Head of Capital Markets, European Investment Bank This book reviews the latest methods of sustainable investing and financial profit making and describes how ESG (Environmental, Social, Governance) analysis can identify future business opportunities and manage risk to achieve abnormal returns. Megatrends such as climate change, sustainable development and digitalisation increase uncertainty and information asymmetry and have an impact on the future returns on investments. From a profit perspective, it is largely about how ESG factors affect the long-term value added by companies and the valuation of companies in the financial markets. Although sustainability provides an opportunity for abnormal returns, this phenomenon must be considered in a critical light. The book describes the risks and limitations associated with the accountability and availability of ESG data and tools. This book provides both academic findings and practical models for assessing the sustainability of investees and introduces practical tools and methods to make ESG analysis practice. It focuses on the ESG analysis of equity investments and fund investments in institutional investment organizations and provides a handbook for all investment analysts who are involved with investment decisions. Readers will benefit from understanding the methods, opportunities and challenges that professionals use in their ESG analysis with cases, interviews and practical tools for both institutional and private investors. Tiina Landau is an internationally recognized sustainability expert and Certified European Financial Analyst (CEFA). She currently works as Sustainability Manager at Neste Corporation, embedding sustainability considerations into new business models and supply chains. Previously she served as Senior Responsible Investment Officer at Ilmarinen, a pension investor with 50 billion euros in investment assets and was recognized as a top 50 contributor globally in responsible investments among asset owners in the IRRI survey 2017, voted by professionals in 43 countries. In addition, she has previously worked on sustainable investing at OP Financial Group (80 billion euros in investment assets) and in management consulting at KPMG. She has extensive experience as a speaker in media and seminars and also writes a column in the Finnish financial newspaper Kauppalehti. Hanna Silvola is an Associate Professor of Accounting at Hanken School of Economics, Finland. Her research interests are in sustainable investing and in measuring, reporting and assuring corporate sustainability information in strategic decision-making. She has international experience from the London School of Economics, UK, University of Stanford, USA, Monash University, Australia and the University of New South Wales, Australia. Dr. Silvola has published on a range of topics in accounting in journals such as Accounting, Organizations and Society; Management Accounting Research; Journal of Small Business Management and Journal of Management Accounting Review. She has comprehensive experience as a speaker in media and executive education.
2021 By Hanna Silvola

This Committee and the House Financial Services Committee have conducted oversight of and pressed the SEC to address some of the thorny market ... America cannot be left behind in a world of tectonic shifts in financial markets .

Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs


ISBN: PSU:000061493278

Category: Electronic government information

Page: 114

View: 965


This Committee and the House Financial Services Committee have conducted oversight of and pressed the SEC to address some of the thorny market ... America cannot be left behind in a world of tectonic shifts in financial markets .


Publisher: DIANE Publishing

ISBN: 1422323455



View: 435


This book is a must for anyone interested in improved strategies for risk management and economic performance." —Dr.

Author: Leo M. Tilman

Publisher: John Wiley & Sons

ISBN: 0470466251

Category: Business & Economics

Page: 172

View: 968

In Financial Darwinism, author Leo Tilman lays the groundwork for understanding the new financial order by introducing his evolutionary thesis and then outlines an actionable decision-making framework that enables financial institutions and investors to fully leverage the power of business strategy, corporate finance, investment analysis, and risk management. Financial Darwinism is an invaluable road map to today's financial world and an essential guide to surviving and thriving during these challenging times.
2008-12-03 By Leo M. Tilman

This would reap strong dividends for the city-state in the next decade, as Singapore sought to further diversify its financial markets and capitalize on tectonic shifts in the regional political economy, in particular, China's rapid ...

Author: J. J. Woo

Publisher: Springer

ISBN: 9781137569110

Category: Business & Economics

Page: 123

View: 140

This book provides an analysis of Singapore’s development and success as an international financial centre (IFC). Chapters demonstrate how Singapore plays a critical role in both Asian and global financial markets, despite its relatively small geographic size. The author focuses specifically on the factors that have contributed to the city-state’s success and discusses the policy lessons that can be derived from it. The book describes the historical, spatial, political and policy factors that contributed to Singapore’s development as a leading Asian financial centre and global city, and will be of interest to both policy scholars and practitioners.
2016-07-28 By J. J. Woo

The financial markets of the EU are among the world's largest and most sophisticated . The EU - move toward ever greater economic integration has brought two tectonic shifts of importance to financial markets : the implementation of a ...

Author: United States. Congress. House. Committee on Financial Services. Subcommittee on International Monetary Policy and Trade


ISBN: PSU:000045434754

Category: Electronic government information

Page: 98

View: 441


Taken together, these three episodes illustrate the tectonic shifts in the financial markets of the 1980s and 1990s ... all three of the crises developed in market pockets that were mostly outside the oversight of financial authorities.

Author: Charles R. Morris

Publisher: Hachette UK

ISBN: 9780786744985

Category: Business & Economics

Page: 240

View: 678

Previously published as The Trillion Dollar Meltdown Now fully updated with the latest financial developments, this is the bestselling book that briefly and brilliantly explains how we got into the economic mess that is the Credit Crunch. With the housing markets unravelling daily and distress signals flying throughout the rest of the economy, there is little doubt that we are facing a fierce recession. In crisp, gripping prose, Charles R. Morris shows how got into this mess. He explains the arcane financial instruments, the chicanery, the policy misjudgments, the dogmas, and the delusions that created the greatest credit bubble in world history. Paul Volcker slew the inflation dragon in the early 1980s, and set the stage for the high performance economy of the 1980s and 1990s. But Wall Street's prosperity soon tilted into gross excess. The astronomical leverage at major banks and their hedge fund and private equity clients led to massive disruption in global markets. A quarter century of free-market zealotry that extolled asset stripping, abusive lending, and hedge fund secrecy will go down in flames with it. Continued denial and concealment could cause the crisis to stretch out for years, but financial and government leaders are still downplaying the problem. The required restructuring will be at least as painful as the very difficult period of 1979-1983. The Two Trillion-Dollar Meltdown, updated to include the latest financial developments, is indispensable to understanding how the world economy has been put on the brink.
2009-03-12 By Charles R. Morris

The question that concerns us is what went wrong in the housing finance market such that there was a bubble in the ... precipitated millions of home foreclosures, and played a key role in tectonic shifts in global financial markets, ...

Author: Adam J. Levitin

Publisher: Harvard University Press

ISBN: 9780674246928

Category: Business & Economics

Page: 352

View: 776

The definitive account of the housing bubble that caused the Great Recession—and earned Wall Street fantastic profits. The American housing bubble of the 2000s caused the worst global financial crisis since the Great Depression. In this definitive account, Adam Levitin and Susan Wachter pinpoint its source: the shift in mortgage financing from securitization by Fannie Mae and Freddie Mac to “private-label securitization” by Wall Street banks. This change set off a race to the bottom in mortgage underwriting standards, as banks competed in laxity to gain market share. The Great American Housing Bubble tells the story of the transformation of mortgage lending from a dysfunctional, local affair, featuring short-term, interest-only “bullet” loans, to a robust, national market based around the thirty-year fixed-rate mortgage, a uniquely American innovation that served as the foundation for the middle class. Levitin and Wachter show how Fannie and Freddie’s market power kept risk in check until 2003, when mortgage financing shifted sharply to private-label securitization, as lenders looked for a way to sustain lending volume following an unprecedented refinancing wave. Private-label securitization brought a return of bullet loans, which had lower initial payments—enabling borrowers to borrow more—but much greater back-loaded risks. These loans produced a vast oversupply of underpriced mortgage finance that drove up home prices unsustainably. When the bubble burst, it set off a destructive downward spiral of home prices and foreclosures. Levitin and Wachter propose a rebuild of the housing finance system that ensures the widespread availability of the thirty-year fixed-rate mortgage, while preventing underwriting competition and shifting risk away from the public to private investors.
2020-06-09 By Adam J. Levitin

340–78; and the same authors' “Leveraged Bubbles', working paper (August 2015). Henry Kaufman, Tectonic Shifts in Financial Markets: People, Policies, and Institutions (New York, 2017). I am grateful to Bob Lockner for these figures.

Author: Niall Ferguson

Publisher: Penguin

ISBN: 9781440654022

Category: History

Page: 496

View: 724

The 10th anniversary edition, with new chapters on the crash, Chimerica, and cryptocurrency "[An] excellent, just in time guide to the history of finance and financial crisis." —The Washington Post "Fascinating." —Fareed Zakaria, Newsweek In this updated edition, Niall Ferguson brings his classic financial history of the world up to the present day, tackling the populist backlash that followed the 2008 crisis, the descent of "Chimerica" into a trade war, and the advent of cryptocurrencies, such as Bitcoin, with his signature clarity and expert lens. The Ascent of Money reveals finance as the backbone of history, casting a new light on familiar events: the Renaissance enabled by Italian foreign exchange dealers, the French Revolution traced back to a stock market bubble, the 2008 crisis traced from America's bankruptcy capital, Memphis, to China's boomtown, Chongqing. We may resent the plutocrats of Wall Street but, as Ferguson argues, the evolution of finance has rivaled the importance of any technological innovation in the rise of civilization. Indeed, to study the ascent and descent of money is to study the rise and fall of Western power itself.
2008-11-13 By Niall Ferguson

It is impossible for there to be tectonic shifts in the credit markets and not have some effect throughout the capital markets . So , from a systemic standpoint , to answer the last part of your question first , I am concerned about ...

Author: United States. Congress. House. Committee on Appropriations. Subcommittee on Financial Services and General Government


ISBN: STANFORD:36105050451553

Category: United States


View: 720


Given the tectonic shifts in financial markets,” the expanded influence of transnational organizations," the lower transport costs, the ability of manufacturers to move swiftly to regions with cheap labor, and the increased influence of ...

Author: David Zweig

Publisher: Cornell University Press

ISBN: 9781501717437

Category: Political Science

Page: 320

View: 131

China began opening to the outside world in 1978. This process was designed to remain under the state's control. But the relative value of goods and services inside and outside China drove cities, enterprises, local governments, and individuals with comparative advantage in international transactions to seek global linkages. These contacts, David Zweig asserts, led to the deregulation of China's mercantilist regime. Through extensive field research, Zweig surveys the extraordinary changes in four sectors of China's domestic political economy: the establishment of development zones, rural joint ventures, the struggle over foreign aid and higher education. He also addresses the crucial question of whether, on balance, internationalization weakens or strengthens state power.
2018-05-31 By David Zweig

His latest book carries the ominous title Tectonic Shifts in Financial Markets. Bill Gross, co-founder of Pimco and the best known bond investor of recent decades, warned in January that if the level of 2.6 per cent on 10-year yields ...

Author: Sunil Kewalramani

Publisher: Notion Press

ISBN: 9781947137837

Category: Business & Economics

Page: 506

View: 317

Sunil Kewalramani, in his Book‘2017: Outlook for Stocks, Bonds, Oil, Gold, Currencies, Trump Presidency, Modi Rule, Brexit, Frexit, Italexit and German Elections’, Predicts: Sharp Rise in Global Stocks from 1st January-10th April 2017. Fall in most Global Stock Markets from10th to 22nd April 2017. 15-18% Downward Correction in most Global Stock Markets between 19th June 2017 and 16th September 2017. Sharp Selloff is also predicted from 11th October -5th November 2017 and from 30th November -31st December 2017. Strong Global Stock Market Rally led by Banking Stocks from 18th September -10th October 2017. Emmanuel Macron's government formed after France's June 2017 Parliamentary Elections will have a fragmented structure, impacting his ability to govern. Donald Trump’s protectionist policies will face retaliation and jolt Global Stocks during summer of 2017. US Dollar will continue to shine as a safe haven due to increasing Geo-Political Uncertainties. Global Recessionary conditions in second half of 2017. US Fed may raise interest rates in March 2017 but will reverse course and reduce interest rates in second half of 2017. Gold and Oil will rise in first half of 2017 but Sharp selloff is seen from August-December 2017.
2017-06-05 By Sunil Kewalramani

I am concerned that the loss in liquidity in the single name bank CDS market over the past eighteen months is now ... that general swaps market dynamics could signal dangerous tectonic shifts in the broader financial markets even ...

Author: J. Christopher Giancarlo

Publisher: John Wiley & Sons

ISBN: 9781119855095

Category: Business & Economics

Page: 416

View: 132

An insider's account of the rise of digital money and cryptocurrencies Dubbed "CryptoDad" for his impassioned plea to Congress to acknowledge and respect cryptocurrencies as the inevitable product of a fast-growing technological wave and a free marketplace, Chris Giancarlo is considered one of "the most influential individuals in financial regulation." CryptoDad: The Fight for the Future of Money describes Giancarlo’s own reckoning with the future of the global economy—at the intersection of markets, technology, and public policy—and lays out the fight for a Digital Dollar. CryptoDad is Giancarlo's own personal story, detailing his forays into the world of Wall Street to his tenure as the 13th Chairman of the United States Commodity Futures Trading Commission (CFTC), where he pushed for the agency to recognize the digitization of markets. His growing fame as a Twitter presence in this essential debate has given Giancarlo a platform to makes a case for the future of cryptocurrencies as the natural successor to America’s current failing financial market infrastructure. CryptoDad provides readers with: A thorough exploration of digital change and how it affects the lives of everyone in a global economy A revolutionary consideration of regulatory responses to the rapid pace of technological innovation A call to update our aging financial organizations, particularly the infrastructure of money itself, and focus on renewed faith and confidence in free market innovation A foreword by Cameron and Tyler Winklevoss, two of the biggest names in cryptocurrencies CryptoDad argues that the next digital wave will be the coming Internet of Value, where cryptocurrencies will do the Internet of Information did to immaterial things: make them accessible, distributable, and movable instantly across the globe. This book is an ideal introduction to the importance of technology in the marketplace.
2021-10-18 By J. Christopher Giancarlo

Tectonic Shifts in Financial Markets, Henry Kaufman, Palgrave Macmillan, 2016. 7. “Noninterest Income and Financial Performance at U.S. Commercial Banks,” Robert DeYoung and Tara Rice, Federal Reserve Bank of Chicago, August 2003. 8.

Author: Henry Engler

Publisher: Springer

ISBN: 9783030020866

Category: Business & Economics

Page: 101

View: 447

Since 2008, financial firms have paid, in aggregate, in excess of $320 billion in fines related to misconduct. Nearly ten years later, while many large financial firms have increased their attention to bad behavior and cultural drivers, the degree of commitment and progress in these efforts has not been even across the industry. Serious or persistent misconduct continues in some firms. Many organizations have attempted to curb bad behavior through intrusive monitoring and enforcement actions which reflect a lack of trust in their employees. A different approach is needed, one that gets at the root causes of misconduct and attempts to rebuild culture from the bottom up, with the employee at the center. This is where tools from behavioral science can help senior risk officers, compliance and business heads better understand the mind-set of their employees and internal communities and create an environment where the link between ethical behavior and strong business results is promoted. If firms continue to fail in establishing stronger internal cultures, regulators may feel compelled to step in and dictate what they should do. This book emphasizes the need for a change in approach, looking at the increased incidence of misconduct and culture breakdown since the 2008 crisis, how regulators have responded, and includes a series of proposals to restore that trust and reform culture.
2018-11-15 By Henry Engler

Tectonic Shifts in Financial Markets: People, Policies and Institutions. New York: Palgrave Macmillan. Keen, Steve. 2001. Debunking Economics: The Naked Emperor of the Social Sciences. London: Zed Books. Keen, Steve. 2013.

Author: Steven Hail

Publisher: Springer

ISBN: 9783319909813

Category: Business & Economics

Page: 289

View: 469

The central argument of this book is that the foundations for sustainable prosperity lie in an approach to economic management based on modern monetary theory and a job guarantee. This approach builds on the work of Keynes, Kalecki, Minsky, Davidson, Godley and other Post- Keynesian economists—as well as research by behavioral economists including Simon, Kahneman and Loewenstein—to explore the role that a permanent, equitable job guarantee could play in building an inclusive, participatory and just society. Orthodox (neoclassical) economics, in its various forms, has failed to deliver sustainable prosperity. An important reason for this failure is its lack of realistic foundations. It misrepresents both human nature and economic institutions, and its use as a frame for the development and assessment of economic policy proposals has had disastrous consequences for social inclusion and the quality of life of millions of people. This book discusses an alternative, more realistic and more useful set of economic foundations, which could deliver the opportunity of a decent quality of life with dignity to all.
2018-05-11 By Steven Hail

Developing countries need be able to prompt a healthy financial sector's development and significantly increase their currently limited participation in international financial markets to accommodate the tectonic shifts taking place.

Author: Mario Baldassarri

Publisher: Springer

ISBN: 9781137472779

Category: Political Science

Page: 261

View: 449

This study addresses the two major challenges facing the global economy: globalization and the European structural crisis. In addition, it takes a closer look at the impact of this on the Italian economy. The findings reflect on the issue of long term growth and suggest ways in which to create sustainable financial conditions for the future.
2015-06-22 By Mario Baldassarri

Tectonic shifts in capital markets over the past decade—and themany domestically focused policy responses to them—demonstrate this best. Yet,the decision toshift the emphasisin international policy making from the GroupofEight(G8)to ...

Author: Ian Bremmer

Publisher: Penguin

ISBN: 9781101621967

Category: Business & Economics

Page: 144

View: 760

From the world’s leading experts on geopolitical risk, a guide to the major global issues and policies sure to dominate headlines in the next few years. In the last four years, the world has suffered a financial market meltdown and subsequent global recession. The eurozone crisis looms, the Middle East is in turmoil, and a shifting power balance between emerging markets and developed economies is reordering the global economy as a whole. Political and economic challenges intertwine now more than ever before, as the demands of local politics and global business grow increasingly complex and begin to conflict in new ways. Facing these new challenges, what will the future hold? Ian Bremmer and Douglas Rediker, together with experts, analysts, and many of their colleagues from the World Economic Forum’s Global Agenda Council on Geopolitical Risk, analyze these global issues and provide a template to understand how they will change our world in the next few years. Focusing on the most volatile, powerful, or misunderstood developments, the authors examine, among other topics: The risks to the International Monetary Fund Russia’s future The roles of emerging markets The political roots of the eurozone crisis Important trends and tensions in Asia-Pacific The rise of regionalism in the wake of fracturing international governance Most importantly, the contributors provide guidance on how to understand some of the key dynamics in the rapidly evolving global game.
2012-11-06 By Ian Bremmer