Sovereign solvency risk and financial stability

Posted on 31. jan, 2010 by Jean Jacques Ohana in Weekly Focus

Since the banking system collapsed in September 2008, private and corporate debts have been replaced by public debt. Since then, sovereign solvency risk has become investors’ major concern, provoking successive dramatic surges in government interest rates: Greece, Portugal and Spain… After the latter countries, which country will be next to be downgraded? The risk concerns [...]

Financial markets and industrial cycle

Posted on 29. jan, 2010 by Jean Jacques Ohana in Weekly Focus

Global economy is so endogenous that financial markets are good predictors of the global industrial cycle. Indeed, when cyclical assets move in trend they interact with the real economy in a self fulfilling process. As cyclical assets rise they induce a boost in global confidence of companies and consumers, then stimulating the economy. On the [...]

Bienvenue sur le nouveau blog Riskelia

Posted on 19. nov, 2009 by Jean Jacques Ohana in Weekly Focus

L’objectif est de porter un regard critique et différencié sur la finance et son utilité économique. Les thèmes abordés concernent la gestion du risque de marché dans les entreprises, le décryptage de l’actualité économique et l’étude du risque systémique des marchés financiers.