Is a stable financial system better than a profitable one?

Since the 2008 financial crisis, governments and authorities have been issuing a number of regulations in order to prevent the systemic risk from generating negative consequences on the financial system once again. The 2007 events related to the US housing market and its consequences on the global financial markets were caused by different factors, such […]

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A Hint On Global Inequality

“Every study on inequality, of course, challenges the structures not only of the economy but also of the world we live in, and these questions are not always welcome. […] the main idea is that we have a perfect system and it should not be questioned.” (Branko Milanovic) The world has experienced a deep change […]

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Macro View: Europe getting momentum

Most global equity markets are on a tear this year, which has many investors fretting about abundant complacency. The fact is, that despite recent strong gains, I don’t expect a recession anytime soon. The vast majority of major economies are seeing solid growth that continues to improve all the time, even as we navigate event […]

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The Future of U.S. Rate Regime: FED’ s Challenges

The Monetary Divergence The Federal Reserve, as widely expected, announced on March the 15th that it intends to raise interest rate to 0.75% to 1%, up from the 0.5% to 0.75% range set in December 2016. This is the third rate hike from the FED since the financial crisis. The Federal Open Market Committee (the FOMC, the interest rate-setting body […]

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