Global Macro: Origins, History, Prospects

By: Andrew Rozanov


The purpose of this chapter is to set the stage and to provide an appropriate historical context for the rest of the book. All the other contributors were asked to focus on one particular aspect of global macro which they know well and which, when combined with the other insights, would offer a panoramic yet nuanced view of the current state of play in the global macro industry. This chapter, on the other hand, will look to the past, tracing the origins and history of global macro, but also look

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