Overview: A Framework for Investing During Currency Crises and Asset Bubbles
摘要
This book is intended to be a field guide that will show readers how to navigate their way around, and in some cases, identify the precursors of financial crises, specifically currency crises and asset bubbles. The book features ten case studies, around which we provide comprehensive analyses of the causal forces at play, the responses of policy makers and market participants to them, and their ultimate resolution. It is designed to aid investors, seasoned and nascent, develop skills for managing money when markets are not functioning normally by providing (i) a framework to understand how markets behave during crises; (ii) a process for making investment decisions; and (iii) some practical guidelines for the bust phase of a bubble and the eventual market recovery.