Running the World's Markets

Running the World's Markets PDF

Author: Ruben Lee

Publisher: Princeton University Press

Published: 2010-12-28

Total Pages: 471

ISBN-13: 1400836972

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The efficiency, safety, and soundness of financial markets depend on the operation of core infrastructure--exchanges, central counter-parties, and central securities depositories. How these institutions are governed critically affects their performance. Yet, despite their importance, there is little certainty, still less a global consensus, about their governance. Running the World's Markets examines how markets are, and should be, run. Utilizing a wide variety of arguments and examples from throughout the world, Ruben Lee identifies and evaluates the similarities and differences between exchanges, central counter-parties, and central securities depositories. Drawing on knowledge and experience from various disciplines, including business, economics, finance, law, politics, and regulation, Lee employs a range of methodologies to tackle different goals. Conceptual analysis is used to examine theoretical issues, survey evidence to describe key aspects of how market infrastructure institutions are governed and regulated globally, and case studies to detail the particular situations and decisions at specific institutions. The combination of these approaches provides a unique and rich foundation for evaluating the complex issues raised. Lee analyzes efficient forms of governance, how regulatory powers should be allocated, and whether regulatory intervention in governance is desirable. He presents guidelines for identifying the optimal governance model for any market infrastructure institution within the context of its specific environment. Running the World's Markets provides a definitive and peerless reference for how to govern and regulate financial markets.

Global Capital Markets

Global Capital Markets PDF

Author: Maurice Obstfeld

Publisher: Cambridge University Press

Published: 2004

Total Pages: 386

ISBN-13: 9780521671798

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This book is an economic survey of international capital mobility from the late nineteenth century to the present.

Running the World

Running the World PDF

Author: David Rothkopf

Publisher: PublicAffairs

Published: 2009-04-28

Total Pages: 304

ISBN-13: 0786736003

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Never before in the history of mankind have so few people had so much power over so many. The people at the top of the American national security establishment, the President and his principal advisors, the core team at the helm of the National Security Council, are without question the most powerful committee in the history of the world. Yet, in many respects, they are among the least understood. A former senior official in the Clinton Administration himself, David Rothkopf served with and knows personally many of the NSC's key players of the past twenty-five years. In Running the World he pulls back the curtain on this shadowy world to explore its inner workings, its people, their relationships, their contributions and the occasions when they have gone wrong. He traces the group's evolution from the final days of the Second World War to the post-Cold War realities of global terror -- exploring its triumphs, its human dramas and most recently, what many consider to be its breakdown at a time when we needed it most. Drawing on an extraordinary series of insider interviews with policy makers including Condoleezza Rice, Colin Powell, Henry Kissinger, senior officials of the Bush Administration, and over 130 others, the book offers unprecedented insights into what must change if America is to maintain its unprecedented worldwide leadership in the decades ahead.

Stocks for the Long Run, 4th Edition

Stocks for the Long Run, 4th Edition PDF

Author: Jeremy J. Siegel

Publisher: McGraw Hill Professional

Published: 2007-12-18

Total Pages: 407

ISBN-13: 0071643923

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Stocks for the Long Run set a precedent as the most complete and irrefutable case for stock market investment ever written. Now, this bible for long-term investing continues its tradition with a fourth edition featuring updated, revised, and new material that will keep you competitive in the global market and up-to-date on the latest index instruments. Wharton School professor Jeremy Siegel provides a potent mix of new evidence, research, and analysis supporting his key strategies for amassing a solid portfolio with enhanced returns and reduced risk. In a seamless narrative that incorporates the historical record of the markets with the realities of today's investing environment, the fourth edition features: A new chapter on globalization that documents how the emerging world will soon overtake the developed world and how it impacts the global economy An extended chapter on indexing that includes fundamentally weighted indexes, which have historically offered better returns and lower volatility than their capitalization-weighted counterparts Insightful analysis on what moves the market and how little we know about the sources of big market changes A sobering look at behavioral finance and the psychological factors that can lead investors to make irrational investment decisions A major highlight of this new edition of Stocks for the Long Run is the chapter on global investing. With the U.S. stock market currently holding less than half of the world's equity capitalization, it's important for investors to diversify abroad. This updated edition shows you how to create an “efficient portfolio” that best balances asset allocation in domestic and foreign markets and provides thorough coverage on sector allocation across the globe. Stocks for the Long Run is essential reading for every investor and advisor who wants to fully understand the market-including its behavior, past trends, and future influences-in order to develop a prosperous long-term portfolio that is both safe and secure.

The Markets Never Sleep

The Markets Never Sleep PDF

Author: Thomas L. Busby

Publisher: John Wiley & Sons

Published: 2007-05-25

Total Pages: 258

ISBN-13: 0470117192

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Praise for The Markets Never Sleep "An excellent primer for futures and the global financial market, a clear voice of their importance for all traders. Tom also gives an easy-to-understand professional approach to discipline, money management, and the 'numbers' to watch that indicate market direction. Help for all traders to earn bigger, more consistent profits." --Ned W. Bennett, CEO, optionsXpress, Inc. "Well . . . they've done it again! Tom and Patsy have written another insightful and entertaining book on understanding and trading the world's markets. The Markets Never Sleep shows how to analyze all the global markets and use timing and money management to control losses and reap significant rewards without using up all of one's emotional energy. In other words, everything needed to make trading fun and profitable!" --Russ Mothershed, former corporate executive and current DTI student "Trading follows the sun, as Busby points out, and with a click of one's mouse, traders today have the full advantage of global trading. Busby makes a compelling case for opportunistic trading. In an easy-to-follow outline, he shares trading strategies to ensure a high probability of profit. The Markets Never Sleep is a must-read for traders and investors who seek insight navigating the global markets." --Chuck Dukas, President, TRENDadvisor.com

Unknown Market Wizards (paperback)

Unknown Market Wizards (paperback) PDF

Author: Jack D. Schwager

Publisher: Harriman House Limited

Published: 2023-11-07

Total Pages: 357

ISBN-13: 1804090522

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REVISED PAPERBACK EDITION WITH NEW MATERIAL IN EVERY CHAPTER Jack D. Schwager has returned to the traders to ask them how they navigated the unprecedented markets of 2020–2022, including the pandemic bear market, an abrupt reversal to new highs, rising inflation, and the emergence of another bear market. All chapters updated with exclusive new interviews with the Unknown Market Wizards. The Market Wizards are back! Unknown Market Wizards continues in the three-decade tradition of the hugely popular Market Wizards series, interviewing exceptionally successful traders to learn how they achieved their extraordinary performance results. The twist in Unknown Market Wizards is that the featured traders are individuals trading their own accounts. They are unknown to the investment world. Despite their anonymity, these traders have achieved performance records that rival, if not surpass, the best professional managers. Some of the stories include: - A trader who turned an initial account of $2,500 into $50 million. - A trader who achieved an average annual return of 337% over a 13-year period. - A trader who made tens of millions using a unique approach that employed neither fundamental nor technical analysis. - A former advertising executive who used classical chart analysis to achieve a 58% average annual return over a 27-year trading span. - A promising junior tennis player in the UK who abandoned his quest for a professional sporting career for trading and generated a nine-year track record with an average annual return just under 300%. World-renowned author and trading expert Jack D. Schwager is our guide. His trademark knowledgeable and sensitive interview style encourages the Wizards to reveal the fascinating details of their training, experience, tactics, strategies, and their best and worst trades. There are dashes of humour and revelations about the human side of trading throughout. The result is an engrossing new collection of trading wisdom, brimming with insights that can help all traders improve their outcomes.

Running Guns

Running Guns PDF

Author: Lora Lumpe

Publisher: Zed Books

Published: 2000-07

Total Pages: 264

ISBN-13:

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This volume is about the guns that fuel the huge toll of deaths in the world's most bloody conflicts at the turn of the century. Whether it is Africa, Sri Lanka or even Chechnya and Afghanistan, it is not heavy weaponry or hi-tech devices that kill the most people, but the flood of cheap, easy to get, small arms that has swept over so many countries in the 80s and 90s. Crime rates involving guns within countries have also soared, as South Africa and Kenya, for example, have experienced. Yet a lot of this cross-border arms trade is illegal. So much so that several governments, including the United States, Canada and Mexico, are now pressing for rapid negotiation of a new global treaty on illegal trafficking in small arms.

The Money Changers

The Money Changers PDF

Author: Robert G. Williams

Publisher: Zed Books Ltd.

Published: 2013-07-04

Total Pages: 369

ISBN-13: 1848137362

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At almost $2 trillion per day in trades, currency markets vitally link the world together. Yet few people understand how they work and why they are prone to instability and bouts of panic. This book takes the reader behind the scenes on a tour of the places, the machines, the circuitry and the people involved in moving world money. This journey begins as a traveler removes foreign currency from an ATM machine in Istanbul. The author guides us from the periphery of the market into its neural centers in financial hubs such as London and New York. Currency traders, market analysts, money managers and payments systems architects show their workplaces and reveal their day-to-day experiences in this unpredictable and rapidly evolving world. The experts interviewed may use unfamiliar terms, but the logical progression of the chapters and participants' stories told in workplace settings bring abstract concepts down to earth. After completing the tour, the reader will have a clear picture of the geographical and structural organization of global currency markets and the people who run them. This vision of a volatile, evolving structure will provide a useful framework for deciphering the complex causes of yet unforeseen financial events.