Economist Insights

Economist Insights

octobre 2014

  1. No free liquid lunch

    Article de blog | Tags: Joshua McCallum

    Policy makers are concerned that banks are not providing enough liquidity to the economy. Many banks are having difficulty with this because of the simple business reason that their costs have gone up but their revenues have gone down. For many, especially in the Eurozone, their cost of capital is higher than their return on equity. Improving balance sheets comes at the cost of discouraging credit growth – there is no free lunch.

Au sujet des auteurs

Joshua McCallum et Gianluca Moretti sont les rédacteurs d’Economic Insights. Joshua est depuis 2005 Senior Economist auprès de Global Asset Management dans le segment revenu fixe. Il était auparavant macro-économiste au sein du Ministère britannique des finances. Gianluca a intégré Global Asset Management en 2010 et travaillait auparavant pour la Banque centrale italienne.