This is MoneyClub

Adapted from International Financial Markets, Amir Yaron of the Wharton School (Finance 219/719)
Part 1. Foundations of Int’l Financial Management

Chapter 2 Outline
-Balance of Payments Accounting
-Balance of Payments Accounts
—-The Current Account
—-The Capital Account
—-Statistical Discrepancy
—-Official Reserve Account
-The Balance of Payments Identity
-Balance of Payments Trends in Major Countries
-Summary

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Adapted from International Financial Markets, Amir Yaron of the Wharton School (Finance 219/719)
Part 1. Foundations of Int’l Financial Management

Chapter 1 Outline
-Evolution of the Int’l Monetary System
—-Before 1875: Bimetallism
—-1875 – 1914: Classical Gold Standard
—-1915-1944: Interwar Period
—-1945-1972: Bretton Woods System
—-1973-Present: The Flexible Exchange Rate Regime
-Current Exchange Rate Arrangements
—-European Monetary System
-Mexican Peso Crisis
-Asian Currency Crisis
-Argentine Peso Crisis
-Fixed v Flexible Regimes
-Summary

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Stocks for the Long Run
Part 3: HOW THE ECONMIC ENVIRONMENT IMPACTS STOCKS

Chapter 14 Chapter Guide

Prelude

Economic Data and the Market

Principles of Market Reaction

Information Content of Data Releases

• Economic Growth and Stock Prices
  • The Employment Report
  • The Cycle of Announcements
• Inflation Reports
  • Core Inflation
  • Employment Costs
  • Impact on Financial Markets
• Central Bank Policy

CONCLUSION

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Stocks for the Long Run
Part 3: HOW THE ECONMIC ENVIRONMENT IMPACTS STOCKS

Chapter 13 Chapter Guide

Prelude

WHAT MOVES THE MARKET?

1. UNCERTAINTY AND THE MARKET
2. DEMOCRATS AND REPUBLICANS
3. STOCKS AND WAR
   -The World Wars
   -Post 1945 Conflicts

CONCLUSION

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Stocks for the Long Run
Part 3: HOW THE ECONMIC ENVIRONMENT IMPACTS STOCKS

Chapter 12 Chapter Guide

Prelude

WHO CALLS THE BUSINESS CYCLE?

STOCK RETURNS AROUND BUSINES CYCLE TURNING POINTS

GAINS THROUGH TIMING THE BUSINESS CYCLE

HOW HARD IS IT TO PREDICT THE BUSINESS CYCLE?

CONCLUSION
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Stocks for the Long Run
Part 3: HOW THE ECONMIC ENVIRONMENT IMPACTS STOCKS

Chapter 11 Chapter Guide

• MONEY AND PRICES
• THE GOLD STANDARD
• THE ESTABLISHMENT OF THE FED
• THE FALL OF THE GOLD STANDARD
• POSTDEVALUATION MONETARY POLICY
• POSTGOLD MONETARY POLICY
• THE FED AND MONEY CREATION

HOW THE FED’S ACTIONS AFFECT INTEREST RATES

STOCKS AS HEDGES AGAINST INFLATION

WHY STOCKS FAIL AS A SHORT TERM INFLATION HEDGE

• Higher Interest Rates
• Nonneutral Inflation: SUpply-side effects
• Taxes on Corporate Earnings
• Inflationary Biases in Interest Costs
• Capital Gains Taxes

CONCLUSION
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Stocks for the Long Run
Part 2: Valuation, Style Investing, and Global Markets.

Chapter 10 Chapter Guide

The World’s Population, Production, and Equity Capital

CYCLES IN FOREIGN MARKETS

• The Japanese Market Bubble
• The Emerging Market Bubble
• The New Millenium and the Tech Bubble

DIVERSIFICATION IN WORLD MARKETS

• Principles of Diversification
• “Efficient” Portfolios: Formal Analysis
• Should You Hedge Foreign Exchange Risk?
• Sector Diversification
• Sector Allocation around the World
• Private and Public Capital

THE WORLD IN 2050

CONCLUSION

APPENDIX: The Largest Non US-Based Companies
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Stocks for the Long Run
Part 2: Valuation, Style Investing, and Global Markets.

Chapter 9

Security Analysis cannot presume to lay down general rules as to the “proper value” of any given common stock… The prices of common stocks are not carefully thought out computations, but the resultants of a welter of human reactions. – Benjamin Graham and David Dodd, 1940 (more…)

We have been too long in the updates, because of other commitments. In the meantime please enjoy http://financial-education.com/ . Fliteracy will return at the end of May with more of Stocks for the Long Run and other good stuff.

-Swyx

Stocks for the Long Run
Part 2: Valuation, Style Investing, and Global Markets. (the preceding 6 chapters were called “Part 1: The Verdict of History”)
Chapter 7. (more…)