When will the next financial crisis happen?
A transcript of my speech at the round table at the 19th Rencontres Économiques d’Aix-en-Provence on 6 July 2019 on the topic “When will the next financial crisis happen?”.
The most recent major financial crisis led to a risk of deflation that justified unconventional monetary policies, with zero or even negative short-term and long-term interest rates approaching zero because of Quantitative Easing. Setting long-term interest rates below the nominal growth rate helps those with excessive debt regain their financial well-being more easily. At the same time and in conjunction, it also revives the economy.
Today, we are no longer exposed to the risk of deflation, given our undeniable growth and a sharp recovery in credit, albeit earlier in the US than in the eurozone […]
Retail banking strategies for the technological revolution
Read my analysis in the latest issue of Revue d’Economie Financière entitled ‘Technologies and changes in financial activity’, that I co-edited with Jean-Paul Pollin, associate professor of economics at the University of Orléans.
For the attention of unitholders of the Prepar Croissance, Promepar Patrimoine, Promepar Absolute Return and Promepar Obli Opportunités mutual funds
Find here the latest changes to the KIID of our mutual funds!
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