China’s Zero-COVID Policy – Here to Stay?
- Date: 25/05/2022
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Part 1: Introduction: The latest wave of China’s omicron outbreak has sent daily new cases to a record high, reaching a level comparable to the initial COVID-19 outbreak in Wuhan (Figure 1). On the 28th March, Shanghai, China’s commercial and financial hub with a population of 26mn, entered lockdowns, marking the….
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EUR: Undervalued Even to Parity?
- Date: 06/04/2022
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The last month has been rocky for the EUR to say the least, as the common currency was forced into a primary role of a “war hedge” in light of the Russia-Ukraine conflict, seeing the currency lose c. 4% of its value (vs USD) in the latter part of February…..
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Sanctions and the US Dollar
- Date: 28/03/2022
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In a previous blog post, we argued that the invasion of Ukraine would be met with severe sanctions on Russia. Indeed, the tragic events that have since transpired led to the unleashing of extreme and co-ordinated sanctions, including a surprise move to freeze the reserve assets of the Central Bank of….
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Any Port in a Storm – Part 2
- Date: 28/02/2022
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Or does global inflation matter in Switzerland? Summary: The Swiss perspective on rising global inflation is very different to the rest of the developed world. As a small open economy, the Swiss National Bank can control inflation in Switzerland by allowing the franc to appreciate, and have indicated that they….
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