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23/05/13 - Renminbi reform: policy action in sight

This note tries to shed light on the economics of the RMB and on its medium-term outlook. 

16/05/13 - Slovenia: a manageable bailout

In this report, we examine the root causes of the undercapitalization of Slovenia's banks and attempt to estimate their recapitalization needs. 

7/05/13 - Crecimiento mundial: fluctuat nec mergitur

La desaceleración económica, que veníamos esperando, se ha hecho más que evidente, con decepciones en su mayoría procedentes de Europa y los mercados emergentes, y con riesgo de revisión a...

3/05/13 - ECB cut interest rates by 25bps

Comment on the ECB's decision to cut interest rates by 25bps, from Franz Wenzel, AXA IM Chief Strategist

2/05/13 - Spain's fiscal sustainability (Part 2): just halfway through austerity

After discussing the real growth outlook for Spain in the first part of this work, we are now turning to the other parameters of the debt sustainability analysis. 

29/04/13 - The global macro outlook

Global healing on track / the shock from Tokyo / QE, beginning of the end

25/04/13 - Shale fuels (part 2) – US oil: local benefits, global effect

The situation is contrasted: the US is already a net exporter of refined oil (petroleum products) but its overall needs for oil (i.e. including crude) are still covered at 40% by...

23/04/13 - Spain's fiscal sustainability (Part 1): an era of weak growth

This first part, focussing on real GDP growth, discusses the different components of growth from an accounting perspective.

18/04/13 - Japan (Yen) vs Emerging Asia (part 2)

In part two of our research endeavour on the topic, we delve into the impact of BoJ's monetary policy expansion on various types of financial flows to Emerging Asian economies. 

16/04/13 - Crónica Económica & Financiera Global

Crónica Económica & Financiera Global del primer trimestre de 2013

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