What’s on the sovereign investor’s mind?, Covid-19 and the ‘safe asset trap’, and more

by admin August 8, 2020

August 8, 2020 48 views

What’s on the sovereign investor’s mind?, Covid-19 and the ‘safe asset trap’, and more

THE WEEKEND REVIEW

Latest opinion and analysis from OMFIF around the world

3-7 August 2020, Vol.11 Ed.30

Most-Read Commentary

What’s on the sovereign investor’s mind? The global economy is enduring a particularly forceful downturn while governments borrow extravagantly to step into the gap, as central banks wade into markets to buy a wide range of assets. Against this backdrop, OMFIF last week hosted two virtual meetings to present the findings of Global Public Investor 2020. Ellie Groves outlines five key themes from the discussions.

Read more.

Commentary

How Covid-19 changes global investment landscape: The global community is facing a public health crisis, an economic crisis, and financial turmoil all at once – an unprecedented combination in modern times. The pandemic brought to the fore already-apparent market vulnerabilities – and accelerated shifts in the global investment landscape, writes Prakash Kannan, chief economist at GIC, the Singapore sovereign fund. Read more.

Meeting

Economic and monetary union and the role of the European Central Bank: European policy-makers introduced extraordinary monetary and fiscal policies to mitigate the impact of the Covid-19 crisis. Panellists discuss whether the European Central Bank, in the 22 years since it was established, has met its goals and those of economic and monetary union. They assess whether the ECB and EMU are departing from their founding principles. Read more.

Podcast

Managing the US economic downturn: As the Covid-19 pandemic spreads across the US, affecting public health and the economy, the Federal Reserve is holding rates near zero and taking steps to ensure global dollar liquidity. Lewis Alexander, chief economist at Nomura, joins Mark Sobel, US chairman of OMFIF, to discuss the Fed’s policy decision, concerns about the US economy, and the role of monetary and fiscal policy in managing the crisis. Listen to the recording.

Commentary

Covid-19 and the ‘safe asset trap’: In recent decades the supply of safe assets has not kept pace with global demand. After the 2008 financial crisis, bond yields in many economies approached zero. A gap in the supply of safe assets was created, resulting in a ‘safe asset trap’. Covid-19 may help capital markets overcome this phenomenon, writes Edoardo Reviglio, head of international and European projects at Cassa Depositi e Prestiti. Read more.

Coronavirus (COVID-19)ECB (European Central Bank)OMFIF Virtual Events

What’s on the sovereign investor’s mind?, Covid-19 and the ‘safe asset trap’, and more

THE WEEKEND REVIEW

Most-Read Commentary

Commentary

Meeting

Podcast

Commentary

Markets remain overall buoyant amid perplexed Geopolitics leading to hostilities and a spreading Coronavirus

Monaco sees two more coronavirus cases – other developments.

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