Showing 1 - 4 of 4
Five 'doom loops' to navigate in the market this year
News, Satyajit Das, Published on 03/01/2019
» As the great unwind of global monetary stimulus gains momentum, markets are at increased risk of experiencing doom loops. Investors need to be prepared for these downward spirals, where shocks set off a self-perpetuating sequence of disruptions.
Are emerging markets ready for a financial crisis?
News, Satyajit Das, Published on 27/08/2018
» Over the past decade, a lot of capital has flowed into emerging markets thanks in part to excessive liquidity in advanced economies. This money has often found its way into risky or suspect investment structures. Should a crisis strike -- say, contagion from Turkey -- investors in these markets will be exposed to risks that they simply aren't prepared for.
Virtual cash not a global panacea
News, Satyajit Das, Published on 23/05/2017
» Even now, after the chaos caused by India's decision last November to eliminate nearly 90% of its banknotes, few people would argue with the policy's underlying assumption: Going cashless is, if handled well, a good thing. Yet the fact is, most arguments in favour of demonetisation don't stand up to scrutiny. And those that do should raise other concerns.
There is no simple solution to the looming downturn
News, Satyajit Das, Published on 16/06/2016
» A growing number of economists seem convinced that the US, EU and China are all headed for a prolonged period of sluggish growth -- secular stagnation, in the words of former US Treasury Secretary Larry Summers. A close parallel would seem to be 1990s Japan. There, too, the bursting of debt-funded asset price bubbles gave way to multiple rounds of fiscal stimulus, massive monetary easing and rock-bottom interest rates. Rescue efforts stabilised conditions but couldn't spark a sustainable recovery, leaving the economy mired in low growth, low inflation and high debt.