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Economics/Finances What Drives Global Capital Flows?: Myth, Speculation and Currency Diplomacy [Illustrated]

Posted on 2010-03-16




Name:Economics/Finances What Drives Global Capital Flows?: Myth, Speculation and Currency Diplomacy [Illustrated]
ASIN/ISBN:1403947570
Language:English
File size:1.15 Mb
Publisher: Palgrave Macmillan
ISBN: 1403947570
Publish Date: edition 2006
File Type: PDF
Pages: 256 pages
File Size: 1,15 mb
   Economics/Finances What Drives Global Capital Flows?: Myth, Speculation and Currency Diplomacy [Illustrated]



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What Drives Global Capital Flows?: Myth, Speculation and Currency Diplomacy [Illustrated]

The flows of capital from East and South East Asia into the US challenge many assumptions of international financial analysis. This book presents a novel geography of these flows, revealing the driving forces behind them and the crucial turntable roles played by Europe. The market mechanisms necessary for a smooth global flow of funds are shown to be robust but vulnerable to short-circuits triggered by monetary disequilibrium, especially deflation. The game of currency diplomacy, as played between Paris, Washington, Tokyo and Beijing, largely disregards this danger.

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