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Book Cover for: Capital Wars: The Rise of Global Liquidity, Michael J. Howell

Capital Wars: The Rise of Global Liquidity

Michael J. Howell

Explains why liquidity is a key driver of global economies and financial markets and its particular importance in modern debt-based financial systems

Discusses the roles of Central Banks, shadow banking and the growth of wholesale money on global liquidity

Looks specifically at the developments in China, which has become a major provider of funds to international markets


Book Details

  • Publisher: Palgrave MacMillan
  • Publish Date: Mar 25th, 2021
  • Pages: 304
  • Language: English
  • Edition: 2020 - undefined
  • Dimensions: 9.21in - 6.14in - 0.69in - 1.01lb
  • EAN: 9783030392901
  • Categories: Investments & Securities - GeneralFinance - Financial Risk ManagementInsurance - Risk Assessment & Management

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.

Praise for this book

"Michael J. Howell's Capital Wars: The Rise of Global Liquidity is a must-read for anyone trying to navigate the vagaries of inflation, bond yields, risk and volatility in global markets." (Melissa Davies, spe.org.uk, March 8, 2021)

"As a description of the workings of the modern global financial system and the interrelationship of finance and the real economy, it has no current rival. Not for beginners, but essential reading for market practitioners." (John Plender, Financial Times, July 12, 2020)