risk

Global Themes 2021: China, U.S., and Emerging Markets

Download PDF: This year, the coronavirus and lockdown restriction enforced globally have driven the financial market at large, far outweighing the impacts from U.S.-China escalating geopolitical rivalry, war in the Caucasus, and U.S. Presidential Election. These themes are likely to continue in 2021 and already some of its effects lingered permanently, as discussed below. FirstContinue reading “Global Themes 2021: China, U.S., and Emerging Markets”

Assessing the Risk in EM Countries

Download PDF: Various quarantine measures imposed across EM countries to curb the spread of COVID-19 has put government, corporate and household at an unprecedented amount of pressure. Unlike in U.S. and Europe, where outsized government fiscal stimulus is being rolled-out to help consumers and corporates to weather liquidity pressure during the lockdown period, the responsesContinue reading “Assessing the Risk in EM Countries”

Assessing the Risk of Banking Crisis in Turkey, Russia, Mexico and Brazil

Download PDF: Assessing EM Risk Apr20 The Framework: The starting point is to analyze on a big picture scale, which EM countries will potentially undergo a banking crisis arising from the combination of unsustainable hard-currency debt and FX collapse in the current rout. Indonesia, South Africa, Chile, Mexico and Turkey are particularly vulnerable due toContinue reading “Assessing the Risk of Banking Crisis in Turkey, Russia, Mexico and Brazil”

Russia: Country Overview

Download PDF: Russia Research 2019 The Linkage between Oil Price and The Russian Economy There is little sign that Russian economy is diversifying from energy production and exports in the last 20 years. The direct link and trickle-down effect of higher/lower oil prices to the economy result in an economy that is highly correlated withContinue reading “Russia: Country Overview”

Equity Market Correction: Historical Performance of S&P500 Following Greater Than 3% Weekly Loss

Read the article in PDF (with tables): Risk Management Report on February Market Correction February 6th, 2018 Findings: 2 consecutive weekly losses greater than 3% is rare (1% of the time) and 3 consecutive losses is even more scarce (0.2% of the time) The 3 consecutive losses greater than 3% were always happening during recessionary periodContinue reading “Equity Market Correction: Historical Performance of S&P500 Following Greater Than 3% Weekly Loss”