The COVID-19 pandemic has caused a deep decline in a foreign trade turnover. Although data on the scale of this collapse are still being collected, forecasts suggest that the decline in the volume of world trade will probably be...
“In good economic times, all market participants become too complacent. But the complacency and insufficient knowledge that are the causes of crises,” said Prof. Daniel Sichel, a former Fed employee.
It is difficult to state explicitly that the risks currently faced by the global financial system are bigger or smaller compared to the situation before the outbreak of the global financial crisis.
Some blame government for crises, others the free market. Both groups are wrong, argues Alex J. Pollock, an American philosopher of economics.
CE Financial Observer asked a handful of influential PE funds and capital market watchers in Poland whether the financial crisis has affected the Polish and CEE capital markets and how in turn this has affected private equity...