Funds and financial turmoil

Author: Sun Jiandong
Publisher:
Publish Date: 2001-01-01
Features: The innovation of this book is mainly reflected in the following aspects:
1. The chapters discuss the importance of risk preference consistency for the rise of funds.
2. Section 2.3 and Section 2.5 present views different from the World Bank on the investment of funds in emerging markets and their relationship with financial instability.
3. Chapter 3 analyzes the theoretical and macro-level contradictions of "hedge" and the factors leading to the bankruptcy of Long-Term Capital Management.
4. Chapter 4 explores the speculative attacks of hedge funds and currency crises under a fixed exchange rate system.
5. Section 5.3 examines the policy orientation of financial regulation in developing countries from the perspective of fund operations.