Global Markets
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Central Bank Pivot – Yield Curves Flat – Markets Weekly
Central banks globally shifted their stance to tackle inflation, with the Federal Reserve accelerating tapering and planning three interest rate hikes in 2022. Despite these hawkish moves, yield curves remained flat. This reflects market uncertainty about inflation persistence, future rate cuts…
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Redefining Corruption’s Measurement: A Way for More Efficient Markets and Safer Investments
With the increasing importance of ethics and social sustainability in our societies, financial services must adapt in order to remain appealing. Despite its critical importance, financial experts frequently overlook corruption.
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2022 Markets, PE, and M&A Outlook
2021 was a year of record equity markets performance on top of a trailing economy, but 2022 might be a completely different landscape for global markets. The private equity industry had a record dry powder in 2021, especially for strategic spin-offs. This trend is likely to be continued in 2022. In the M&A industry, ESG…
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Corporate Cash Hoarding During Times of Uncertainty – The Case of Covid-19
During the Covid-19 crisis, firms aggressively hoarded cash, fearing liquidity shortages. BBB-rated firms, at risk of downgrades, drew down credit lines even more than non-investment grades. As markets stabilized, higher-rated firms accessed equity and bond markets, raising questions about credit ratings and financial system resilience.
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Beyond Brexit: Outlook and Risks for the U.K. Economy
The path of UK economic output in 2020 mirrored that of the eurozone. In the first half of the year, a deep contraction preceded a sizeable rebound in the third quarter as virus restrictions were partially eased. In the summer, the government’s ”Eat Out to Help Out” initiative to support the hospitality industry, paired with…
