For long, geopolitics seemed to have started playing an important role in deciding the destiny of global financial markets. 2015 has seen contrasting developments, where nearly every market affected the other, irrespective of how much contribution one made to the other’s GDP. The reason could be that globally financial markets remain highly interconnected and if not through investments then through trade, the influence remained inevitable. This article highlights four important economies that could make a difference to global financial markets.
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Greece Economy in 5 Graphs
Greece has been struggling hard to meet the requirements needed to be a member in the Eurozone. Moreover, following the 2008 financial crisis in the US, Greece’s economy got smaller by 25% since 2009. Germany, France, Italy and Spain are the most important economies accounting for most of the Union’s GDP.
China’s Free Market Practices through Devaluation
By devaluing its own currency, China has tried to address its issues due to financial distress. Not many have taken this surprise move by China in good spirits. While China might be trying to fix its own domestic growth, it could trigger currency wars amongst nations that are trying to compete with each other in international trade.
Eurozone Debt Crisis and Regulation of Credit Rating Agencies (World Scientific)
Eurozone Debt Crisis and Regulation of Credit Rating Agencies (World Scientific). The credit rating agencies (CRAs) have received a great deal of media, political, and regulatory attention since the early summer of 2007. With 2008 financial crisis, there was a common argument that CRAs had not been held accountable for the poor performance that…