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Rollercoaster: The Incredible Story of the Emerging Markets - Couverture rigide

Tudor, Gill

 
9780273650096: Rollercoaster: The Incredible Story of the Emerging Markets
Couverture rigide
ISBN 10 : 0273650092 ISBN 13 : 9780273650096
Editeur : Pearson Education Limited, 2000

Synopsis

 By 1998 the emerging markets, the Wild West of global capitalism in the 1990s, had turned thoroughly sour.  The Latin American "Tequila Effect" of 1994 posted an advance warning of the trouble to come, but IMF intervention and short memories led to rapid and huge reinvestment in emerging market economies.  In 1997 the apparently buoyant Tiger economies were sunk dramatically under a tidal wave of debt, currency collapse and stock market panic. The contagion of the "Asian flu" spread rapidly, sweeping through Russia and Latin America to major markets from Tokyo to New York, and had a knock-on effect on all the world's largest economies.  By October 1998, a month after the G7 summit, an estimated $4.3 trillion had been wiped off the value of the world's stock markets in a matter of weeks.  This book discusses the circumstances behind the rollercoaster rise and fall of the emerging markets, the steps taken to prevent disaster and lessons for the future.  "The world is going to hell. We've got to co-operate."  This was the message sent from the US Treasury to Japan's vice finance minister for international affairs on the eve of the September 1998 G7 summit.  The global financial system was on the brink of disaster. Economies were crashing from Thailand to Russia, fortunes were lost in the world's financial centres and millions of jobs were axed.  Disaster was eventually averted, but the shaky foundations of the world's financial architecture had been exposed.  Rollercoaster tells the gripping story of the rise and fall of the emerging markets, and is relevant not only to market specialists but also to business and general readers.       

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

 By 1998 the emerging markets, the Wild West of global capitalism in the 1990s, had turned thoroughly sour.  The Latin American "Tequila Effect" of 1994 posted an advance warning of the trouble to come, but IMF intervention and short memories led to rapid and huge reinvestment in emerging market economies.  In 1997 the apparently buoyant Tiger economies were sunk dramatically under a tidal wave of debt, currency collapse and stock market panic. The contagion of the "Asian flu" spread rapidly, sweeping through Russia and Latin America to major markets from Tokyo to New York, and had a knock-on effect on all the world's largest economies.  By October 1998, a month after the G7 summit, an estimated $4.3 trillion had been wiped off the value of the world's stock markets in a matter of weeks.  This book discusses the circumstances behind the rollercoaster rise and fall of the emerging markets, the steps taken to prevent disaster and lessons for the future.   "The world is going to hell. We've got to co-operate."  This was the message sent from the US Treasury to Japan's vice finance minister for international affairs on the eve of the September 1998 G7 summit.  The global financial system was on the brink of disaster. Economies were crashing from Thailand to Russia, fortunes were lost in the world's financial centres and millions of jobs were axed.  Disaster was eventually averted, but the shaky foundations of the world's financial architecture had been exposed.   Rollercoaster tells the gripping story of the rise and fall of the emerging markets, and is relevant not only to market specialists but also to business and general readers.       

Revue de presse

"An intelligent, thorough and well-written book. It provides the reader with a truly illuminating perspective on the recent economic and financial history of emerging markets. No stone is left unturned. Rollercoaster is equally interesting to the policy-maker, economist, market practitioner and the occasional investor. Strongly recommended."  - Isaac Tabor, Chief Economist - Emerging Markets, WestLB   "One of the big tasks economics grapples with is getting a better understanding of how markets work, and this book is a great contribution to this task."  -Ed Mayo, Director, New Economics Foundation   "Gill Tudor is to be congratulated on an impressive study, which illuminates a side of global capitalism that very few understand." - Professor Victor Bulmer-Thomas OBE, Institute of Latin American Studies, University of London

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Pearson Education Limited
Date d'édition
2000
Langue
anglais
ISBN 10 
0273650092
ISBN 13 
9780273650096
Reliure
Relié
Nombre de pages
288
Coordonnées du fabricant
non disponible
Personne responsable
Riccardo Bacigalupo
riccardo.bacigalupo@sanoma.it

Sanoma Italia Via Arconati, 1 �
Milano
20135
Italie