Systemic liquidity risk and bipolar markets : wealth management in todays macro risk on/risk off financial environment / Clive Corcoran.

Format:

Book

Author/Creator:

Corcoran, Clive M.

Series:

Bloomberg (UK)

Language:

English

Subjects (All):

Finance, Personal.

Investments.

Portfolio management.

Physical Description:

1 online resource (365 p.)

Edition:

1st ed.

Place of Publication:

Chichester, West Sussex : John Wiley & Sons, c2013.

Language Note:

English

Summary:

The dramatic and well chronicled crisis of 2007/8 marked a watershed moment for all stakeholders in global capital markets. In the aftermath, financial markets have become even more tightly coupled as correlations in returns across multiple asset classes have been at historically elevated levels. Investors and fund managers are, to a much larger degree than previously and often much more than they realize, subject to the risk of severe wealth destruction. The ultimate hazard, which is not adequately characterized by the widely touted notion of tail risk, is the systemic risk which arises wh

Contents:

Introduction

Cross-sectional asset correlations

The changing character of financial markets

The flash crash

Detecting mini bubbles with the VPIN metric

Foreign exchange and the carry trade

The enigmatic performance of the Japanese yen

The Aussie/yen connection 1

Precursors to illiquidity

Mainstream financial economics groping towards a new paradigm

Could a eurozone breakup trigger another systemic crisis?

China, commodities, and the global growth narrative

Drawdowns and tail risk management

Liquidity and maturity transformation

Emotional finance and interval confidence

Adjusting to more correlated financial markets

Appendix

Index.

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

9781118818459

1118818458

9781118410806

1118410807

9781283869416

1283869411

9781118410752

1118410750

OCLC:

841331218