LEADER 00000cam a2200829 i 4500 003 OCoLC 005 20240129213017.0 006 m o d 007 cr ||||||||||| 008 190705s2020 nyu ob 001 0 eng 010 2019026998 019 1138950123|a1165384052|a1228510177|a1237618644 020 9781260458411|q(ebook) 020 1260458415 020 |q(hardcover) 024 8 1260458415 024 8 9781260458411 029 1 AU@|b000066261405 029 1 AU@|b000065832891 035 (OCoLC)1107844536|z(OCoLC)1138950123|z(OCoLC)1165384052 |z(OCoLC)1228510177|z(OCoLC)1237618644 037 4ED6D35E-54CC-4738-873F-1E04C217C482|bOverDrive, Inc. |nhttp://www.overdrive.com 040 DLC|beng|erda|cDLC|dOCLCF|dTEFOD|dEBLCP|dYDX|dTOH|dN$T |dDLC|dOCLCO|dUMI|dCNWPU|dOCLCO|dOCLCQ|dOCLCO 042 pcc 049 INap 082 00 332/.0415 082 00 332/.0415|223 099 eBook O'Reilly for Public Libraries 100 1 Lee, Tim|c(Economist),|eauthor. 245 14 The rise of carry :|bthe dangerous consequences of volatility suppression and the new financial order of decaying growth and recurring crisis /|cTim Lee, Jamie Lee, & Kevin Coldiron.|h[O'Reilly electronic resource] 264 1 New York :|bMcGrawHill,|c[2020] 300 1 online resource 336 text|btxt|2rdacontent 337 computer|bn|2rdamedia 338 online resource|bnc|2rdacarrier 347 text file 504 Includes bibliographical references and index. 505 0 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 11 Carry Is Synonymous with Power -- 12 The Globalization of Carry -- 13 Beyond the Vanishing Point -- Index -- About the Authors 520 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 |fCopyright © McGraw-Hill 2019|g2019 588 Description based on print version record and CIP data provided by publisher. 590 O'Reilly|bO'Reilly Online Learning: Academic/Public Library Edition 650 0 Capital market. 650 0 Carry trades (Foreign exchange) 650 0 Business cycles. 650 0 Monetary policy. 650 0 Financial crises. 650 6 Marché financier. 650 6 Opération spéculative sur écart de rendement (Change) 650 6 Cycles économiques. 650 6 Politique monétaire. 650 7 Business cycles|2fast 650 7 Capital market|2fast 650 7 Carry trades (Foreign exchange)|2fast 650 7 Financial crises|2fast 650 7 Monetary policy|2fast 700 1 Lee, Jamie|c(Economist),|eauthor. 700 1 Coldiron, Kevin,|eauthor. 776 08 |iPrint version:|aLee, Tim (Economist).|tRise of carry |dNew York : McGrawHill, [2020]|z9781260458404|w(DLC) 2019026997 856 40 |uhttps://ezproxy.naperville-lib.org/login?url=https:// learning.oreilly.com/library/view/~/9781260458411/?ar |zAvailable on O'Reilly for Public Libraries 938 EBSCOhost|bEBSC|n2688850 938 YBP Library Services|bYANK|n16842834 938 ProQuest Ebook Central|bEBLB|nEBL6255582 994 92|bJFN