About Vontobel. Sharing our convictions Clear convictions are a prerequisite for investment success. Our convictions are the result of our relentless in-depth analysis and calculations. We share our findings so that clients can invest with conviction too. Multi Asset Boutique. Why Long-Term Investing Still Pays Off Humans enjoy extrapolating past successes into the future — including when it comes to returns on their investments.
Accordingly, baby boomers harbor ambitious expectations whereas millennials do not trust investing. Patterns witnessed over years of financial market history explain what matters when it comes to investing in the current climate. The guide to our return estimates reveals the long-term potential of asset classes and our estimation methods.
TwentyFour Asset Management. European HY Default Rates Doubling No Reason to Panic "Where defaults get to exactly depends on a few things, but we can certainly analyse where we think the problem areas could be, whether cracks are already starting to appear, and what investors might do to protect themselves.
Fixed Income A Brave Old World Twelve months ago, as we wrote our annual review and forecast forbacking year German government bonds that were yielding just 0.
Trade war volatility maintains grip on bonds By now investors should be getting used to the ever more frequent hiccups in the trade negotiations between the US and the rest of the world. Quality Growth Boutique. Dîner de gala. Journée doctorale.
Date limite. Frais d'inscription. Par Session. Par auteur. Liste des participants. Inflation Targeting in Latin America: a trilemma or an irreconcilable duo? In the economic literature policy management in an open economy has been discussed under the trilemma configuration. This framework derives from the basic Mundell-Fleming model and states that a country can only choose two of the following policy options: financial openness, fixed exchange rate and monetary policy autonomy.
While its recent extensions still suggest a continuous trade off between these policies, other authors have argued that the trilemma has actually morphed into a dilemma, or an irreconcilable duo, since free capital mobility implies a loss of monetary autonomy regardless of the exchange rate regime.
This paper aims to stress this thesis conducting a study of the monetary policy autonomy and efficiency in five emerging Latin American countries Brazil, Chile, Colombia, Mexico and Peru that adopt a combination of flexible exchange rates, financial integration and a monetary policy of inflation targeting.
Maigrir tgv 001
While the effectiveness in achieving the established inflation target is analyzed through descriptive statistics, the autonomy is studied with two different strategies. While the first one reconstructs the traditional indexes of monetary autonomy, based on the correlations between internal and external interest rates, the second estimates a modified Taylor rule for each country using a vector autoregressive model in order to test its sensitivity to movements of the exchange rate, the US interest rate and the VIX.
Personnes connectées : 1.