haku: @indexterm liquidity / yhteensä: 315
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| Tekijä: | Shirreff, D. |
| Otsikko: | You can run but you can't hide |
| Lehti: | Euromoney
1997 : DEC, 12, p. 58-59 |
| Asiasana: | HEDGING FUNDS LIQUIDITY CRISES FINANCIAL SERVICES |
| Kieli: | eng |
| Tiivistelmä: | A global liquidity squeeze is near: capital will self-destruct and the world financial system will need to reinvent itself, as it did after 1929, 1945, and 1971. If this will really happen, what does it mean for dealers and investors who grew rich and famous on global euphoria? The triumph of the hedge funds in emerging markets may be short-lived. In a persistent down market hedging becomes ever more difficult and expensive. Hedges against a bear market are best put on before a market turns bad, not during decline. |
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