Capital Wars | Session 2

This is the second of two sessions on Michael J. Howell's 2020 Book Capital Wars: The Rise of Global Liquidity.

https://www.amazon.com/Capital-Wars-Rise-Global-Liquidity/dp/3030392902/

From the Description:

Global Liquidity is a much-discussed, but narrowly-researched and vaguely-defined topic. This book deeply explores the subject by clearly defining and measuring liquidity worldwide and by showing its importance for investors. The roles of central banks, shadow banking, the rise of Repo and growth of wholesale money are discussed. Additionally, covering the latest developments in China’s increasingly dominant financial economy, this book will appeal to practitioners, policy-makers, economists and academics, as well as those with a general interest in how financial markets work.

This week, we discuss through the first seven chapters.

Chapter 8: Cross-Border Capital Flows
Chapter 9: China and the Emerging Markets
Chapter 10: The Liquidity Transmission Mechanism: Understanding Future Macro-valuation Shifts
Chapter 11: Financial Crises and Safe Assets
Chapter 12: The Financial Silk Road: Globalisation and the Eastwards Shift of Capital
Chapter 13: Measuring Liquidity: The Global Liquidity Indexes (GLI)
Chapter 14: Conclusion: A High-Water Mark?