Description
Book SynopsisProtect yourself from the next financial meltdown with this game-changing primer on financial markets, the economyâand 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 economyâuntil 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 pictureâone of decaying economic growth, recurring crises, wealth disparity, and, in too many places, social and political upheaval. The authors explain how carry trades workâparticularly in the currency and stock marketsâand 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:
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Table of 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?
11 Carry Is Synonymous with Power
12 The Globalization of Carry
13 Beyond the Vanishing Point
Index
