tailieunhanh - Research Institute - Thought leadership from Credit Suisse Research and the world’s foremost experts

The present translation is based upon the text of the second Ger- man edition, published in 1924. Certain passages of no great interest to English readers have been omitted and a chapter dealing with more or less purely German controversies has been placed in an appendix. The comments on policy, however, in Part III, chapter vi, have been left as they appeared in But the author, who has most generously lent assistance at every stage of the translation, has written a special introduction in which he outlines his views on the problems which have emerged since that date. A note in the appendix gives the German equivalents to. | Credit Suisse October 2011 Research Institute Thought leadership from Credit Suisse Research and the world s foremost experts j Global Wealth jl Databook 2011 Credit Suisse October 2011 Preface This is the second edition of the Credit Suisse Global Wealth Databook - an in-depth project that offers investors the most comprehensive study of world wealth and which remains the only study that analyzes the wealth of all the world s billion adults. Research for the Credit Suisse Global Wealth Databook has been undertaken on behalf of the Credit Suisse Research Institute by Professors Anthony Shorrocks and Jim Davies recognized authorities on this topic and the architects and principal authors of Personal Wealth from a Global Perspective Oxford University Press 2008. Rodrigo Lluberas has also been a very significant contributor to the project. The aim of the Credit Suisse Global Wealth project is to provide the best available estimates of the wealth holdings of households around the world for the period since the year 2000. While the Credit Suisse Global Wealth Report highlights the main findings of our study this 155-page Databook underlines the extent of our analysis. More importantly it sets out in detail the data employed in our Global Wealth project the methodology used to calculate estimates of wealth and how this may differ from other reports in this field. The Credit Suisse Global Wealth Databook also details the evolution of household wealth levels through the period 2000 to 2011 providing data at both regional and country level on high net worth individuals and highlighting the wealth pyramid in addition to wealth analysis for 160 countries. Finally the Databook presents detailed data on relatively under-researched areas such as the historical wealth series age effects and the composition of household portfolios assets and debts . Michael O Sullivan Head of Portfolio Strategy and Thematic Research Credit Suisse Private Bank Credit Suisse Global Wealth .