1. Introduction: Capital Wars -- 2. Global Money -- 3. Synopsis: A Bigger, More Volatile World -- 4. The Liquidity … footloose cash. Global Liquidity describes the gross flows of credit and international capital feeding through the world … integration reached before the First World War. Global Liquidity drives these markets: it is often determinant, frequently …

footloose cash. Global Liquidity describes the gross flows of credit and international capital feeding through the world … integration reached before the First World War. Global Liquidity drives these markets: it is often determinant, frequently … capital wars and exposes the unattractive face of liquidity called "risk." As the world grows bigger, it becomes ever more …