Capital Wars: The Rise of Global Liquidity (Paperback)
1. Introduction: Capital Wars.- 2. Global Money.- 3. Synopsis: A Bigger, More Volatile World.- 4. The Liquidity Model.- 5. Real Exchange Adjustment.- 6. Private Sector (Funding) Liquidity.- 7. The Central Banks: Don't Fight the Fed, Don't Upset the ECB and Don't Mess with the PBoC.- 8. Cross-border Capital Flows.- 9. China and the Emerging Markets.- 10. The Liquidity Transmission Mechanism: Understanding Future Macro-valuation Shifts.- 11. Financial Crises and Safe Assets.- 12. The Financial Silk Road: Globalisation and the Eastwards Shift of Capital.- 13. Measuring Liquidity: The Global Liquidity Indexes.- 14. Conclusion: A High Water Mark?.
About the Author
Michael J. Howell is a Managing Director at CrossBorder Capital Ltd. He founded CrossBorder Capital in 1996. Michael developed the quantitative liquidity research methodology while he was Research Director at Salomon Bros. from 1986. He was subsequently appointed Head of Research at Baring Securities in 1992, and was top-ranked 'Emerging Market Strategist' by institutional investors for the three years prior to setting up CrossBorder Capital. Michael has worked in financial markets for more than thirty years and is a regular international conference speaker. He is a qualified US Supervisory Analyst and has a Doctorate in Economics.