Macro-Finance Salon (No. 96): Global Macro Risks and Opportunities

2018-07-07 IMI

On June 9^th, Macro-Finance Salon (No.96) organized by IMI was successfully held in conference room 701 in Mingde Main Building. The Investment Director and Chief Economist of the Deepwater Capital Sun Mingchun delivered a speech entitled “A Decade After the Global Financial Crisis: What’s the Next Crisis?” The meeting was chaired by Zhang Zhixiang, member of IMI Academic Committee, former Director-General of International Department, PBoC and Former Executive Director for China in IMF. Sun Mingchun talked about his experience in responding to the Asian Financial Crisis and his thoughts on working in the Lehman Brothers during the 2008 Global Financial Crisis. Then he explores the possible timing and the chance of the next financial crisis. Based on the analyses of the US economy and the stock market, he thinks the overall risks in the first half of 2018 and 2019 are controllable. Nevertheless, he elaborated on the major macro risks including hasty tightening of the monetary policies, uncertainties in the European politics, fragilities of the emerging markets, another imbalance in the commodity market, crowded trades, Trump administration’s uncertainties and geopolitical risks. In the discussion, the guests interacted and exchanged ideas with each other. They discussed the following hot topics: early-warnings in the international monetary system, financial liquidity, structural changes in the international market, impacts of a US-China trade war, commercial banks’ role in the crises, the financial risks categorization and the cumulative process.

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Macro-Finance Salon (No. 96): Global Macro Risks and Opportunities

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