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Venezuela’s Return to Markets May Begin Not with Oil, but with Crediting Agencies
Venezuela’s sudden political rupture has triggered a sharp repricing across distressed assets, but the first beneficiaries were not oil producers or reconstruction firms. Instead, markets rallied around the quiet infrastructure of global finance: credit rating agencies. This article explores how political normalization transforms frozen sovereign debt into a negotiable financial object, why measurability matters more…
The St. Gallen Financial Economics Review
We are the University of St. Gallen’s only Financial Review. Our team analyses themes ranging from Capital Markets, Equities, and Commodities to the current M&A and Private Equity Outlook and publishes its findings on a rolling basis.
Editors of the Autumn Semester 2025
Stéphane Weber, M&A and PE
Benedict Bornheim, Global Markets
Ali Virit, M&A and PE
Latest Articles
Venezuela’s Return to Markets May Begin Not with Oil, but with Crediting Agencies
Venezuela’s sudden political rupture has triggered a sharp repricing across distressed assets, but the first beneficiaries were not oil producers or reconstruction firms. Instead, markets…
Artificial Intelligence as a Mirror of Modernity: Progress Narrative or Financial Illusion
We are standing at a turning point between the physical world and an increasingly digital one, shaping how we live, work, and organize the economy.…
Understanding Price Dynamics: A Model-Based Decomposition of Swiss Inflation
Switzerland’s post-pandemic inflation reveals a story far more nuanced than the low headline figures suggest. Behind the country’s resilience lies a unique interplay of global…
Artificial Intelligence: Inputs, Infrastructure and Investments
Artificial intelligence is increasingly constrained not by algorithms but by the physical infrastructure needed to power and train modern systems. Soaring demand for electricity and…
