by clare@gibit.co | 26 Apr 2020 | Corporate Finance, The World Economy
One of the many negative consequences of the COVID-19 pandemic is that companies may default. Companies going bankrupt are indeed less important than deaths, but they still have human consequences. Employees lose jobs, suppliers lose customers (and then may themselves...
by clare@gibit.co | 26 Apr 2020 | The World Economy
The European Central Bank is launching a €750 billion bond buying program to address the COVID-19 pandemic. Will this work? We obviously can’t predict the future. But we can analyse the past and study how the last major bond buying program – which...
by clare@gibit.co | 29 Oct 2019 | Investment Strategies, The World Economy
China will soon become the largest economy in the world, but many Westerners (myself included) know very little about it. I’ve thus tried to educate myself about the Chinese economy, and earlier posted a summary of an excellent article on corporate...
by clare@gibit.co | 29 Oct 2019 | Corporate Finance, The World Economy
China will soon become the largest economy in the world, but many Westerners (myself included) know very little about it. I’ve thus tried to educate myself about the Chinese economy, and earlier posted introductions to corporate governance in China and capital...
by clare@gibit.co | 29 Oct 2019 | Investment Strategies, The World Economy
John Cochrane of Stanford has written an excellent review of recent advances and future research directions in macro-finance. Macro finance studies the relationships between asset prices (e.g. the level of the stock market) and economic conditions (e.g. whether we’re...
by clare@gibit.co | 29 Oct 2019 | Corporate Finance, The World Economy
Industry concentration has increased substantially in the US over the last two decades. But is this a problem? The obvious answer is yes – it allows companies to get away with high prices and low product choice, which is bad for consumers. But it may be that...
