The force of finance from global to regional and local financial flows
This presentation is the property of its rightful owner.
Sponsored Links
1 / 27

THE FORCE OF FINANCE: FROM GLOBAL TO REGIONAL AND LOCAL FINANCIAL FLOWS PowerPoint PPT Presentation


  • 74 Views
  • Uploaded on
  • Presentation posted in: General

THE FORCE OF FINANCE: FROM GLOBAL TO REGIONAL AND LOCAL FINANCIAL FLOWS. Fikret ČAUŠEVIĆ The School of Economics and Business, University of Sarajevo The CBBiH – SEESOX, St Antony’s College High Level Workshop Sarajevo, 6 June 2014.

Download Presentation

THE FORCE OF FINANCE: FROM GLOBAL TO REGIONAL AND LOCAL FINANCIAL FLOWS

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


THE FORCE OF FINANCE: FROM GLOBAL TO REGIONAL AND LOCAL FINANCIAL FLOWS

Fikret ČAUŠEVIĆ

The School of Economics and Business,

University of Sarajevo

The CBBiH – SEESOX, St Antony’s College

High Level Workshop

Sarajevo, 6 June 2014


BEGINNINGS OF CREATING A LARGE GAP BETWEEN FINANCIAL AND REAL FLOWS:

THE CLINTON AND BUSH ADMINISTRATIONS

Fikret Čaušević - The CBBiH-SEESOX St Antony's Workshop


CHANGE IN THE US NOMINAL GDP AND NASDAQ INDEX: THE CLINTON ADMINISTRATION 1992-2000 (Base indices: 1992=100)

Fikret Čaušević - The CBBiH-SEESOX St Antony's Workshop


CHANGE IN THE US NOMINAL GDP AND NASDAQ INDEX: THE BUSH ADMINISTRATION 2001-2008 (Base indices: 2001=100)

Fikret Čaušević - The CBBiH-SEESOX St Antony's Workshop


CHANGE IN THE PRICE OF AVERAGE HOME IN THE UNITED STATES: 2000-2008 (Base indices; 2000=100)

Fikret Čaušević - The CBBiH-SEESOX St Antony's Workshop


THE MINSKY CASE: FINANCIAL INSTABILITY HYPOTHESIS

STABILIZING AN UNSTABLE ECONOMY

Fikret Čaušević - The CBBiH-SEESOX St Antony's Workshop


NOTIONAL VALUE OF OTC TRADED CONTRACTS IN FINANCIAL DERIVATIVES AND WORLD GDP (in trillions of USD)

Fikret Čaušević - The CBBiH-SEESOX St Antony's Workshop


TOTAL CLAIMS OF INTERNATIONALLY ACTIVE BANKSin trillions of USD

Fikret Čaušević - The CBBiH-SEESOX St Antony's Workshop


THE “NEW” FINANCIAL TRILEMMA

The financial trilemma arises from the impossibility of satisfying simultaneously the three following goals:

  • Financial stability

  • The development of international banking

  • National systems of supervision and oversight of banking operations.

Fikret Čaušević - The CBBiH-SEESOX St Antony's Workshop


VERY IMPORTANT ISSUESFOR ALL OF US

  • BASEL III IMPLEMENTATION

  • EU BANK RECOVERY AND RESOLUTION DIRECTIVE (BRRD)

  • FROM BAILING OUT TO BAILING IN

  • WHAT IS HQLA IN THE WORLD OF TODAYS INTERNATIONAL FINANCE?

Fikret Čaušević - The CBBiH-SEESOX St Antony's Workshop


THE US PUBLIC DEBT AND GROSS DOMESTIC PRODUCT (in trillions of USD)

Fikret Čaušević - The CBBiH-SEESOX St Antony's Workshop


CHANGE IN PUBLIC DEBT OF EURO-ZONE COUNTRIES:2006-2013(in % of GDP)

60 %

GDP

60 %

GDP

Fikret Čaušević - The CBBiH-SEESOX St Antony's Workshop


Fikret Čaušević - The CBBiH-SEESOX St Antony's Workshop


MONEY – WHENCE IT CAME,

WHERE IT WENT

Fikret Čaušević - The CBBiH-SEESOX St Antony's Workshop


CHANGE IN ASSETS OF THE FEDERAL RESERVE SYSTEM 31 December 2007 = 100

Fikret Čaušević - The CBBiH-SEESOX St Antony's Workshop


PORTFOLIO AND CAPITAL MARKET: THEORY AND PRACTICE – HOW TO DIVERSIFY PORTFOLIO(s)?

Rp = R* + [(Rm – R*) / Sm] x Sp

Ri = R* + [(Rm – R*) (RimSi/Sm)]

Fikret Čaušević - The CBBiH-SEESOX St Antony's Workshop


CHANGE IN THE DOW JONES INDUSTRIAL AVERAGE AND FINANCIAL TIMES STOCK EXCHANGE30 June 2008 – 31 March 2013

Fikret Čaušević - The CBBiH-SEESOX St Antony's Workshop


CHANGE IN THE DOW JONES INDUSTRIAL AVERAGE AND DEUTSCHE AKTIEN INDEX (DAX)30 June 2008 – 31 December 2013

Fikret Čaušević - The CBBiH-SEESOX St Antony's Workshop


CHANGE IN THE DOW JONES INDUSTRIAL AVERAGEAND DOW NIKKEI 225: 30 June 2008 – 31 December 2013

Fikret Čaušević - The CBBiH-SEESOX St Antony's Workshop


CHANGE IN THE DOW JONES INDUSTRIAL AVERAGE AND THE SHANGHAI SHENZEN CSI30 June 2008 – 31 December 2013

Fikret Čaušević - The CBBiH-SEESOX St Antony's Workshop


ASSETS OF THE EUROZONE MONETARY FINANCIAL INSTITUTIONS

http://www.ecb.europa.eu/press/pr/stats/md/html/index.en.html

Fikret Čaušević - The CBBiH-SEESOX St Antony's Workshop


CREDIT ACTIVITY OF THE BANKING SECTOR IN BOSNIA AND HERZEGOVINA

- milions of KM

Source: The Central Bank of Bosnia and Herzegovina

Fikret Čaušević - The CBBiH-SEESOX St Antony's Workshop


STRUCTURING AND RESTRUCTURING PORTFOLIOS OF THE REGIONS SMALL OPEN ECONOMIES’ FOREIGN EXCHANGE RESERVES HAS BECOME A RATHER DIFFICULT TASK

Fikret Čaušević - The CBBiH-SEESOX St Antony's Workshop


EONIA: 2008-2012

Fikret Čaušević - The CBBiH-SEESOX St Antony's Workshop

24


YIELDS ON TREASURY BILLS AND BONDS OF SELECTED EURO-ZONE COUNTRIES (in percents)

Fikret Čaušević - The CBBiH-SEESOX St Antony's Workshop

25


OUTSTANDING LOANS OF SELECTED COUNTRIES IN EURO-ZONE AND THE WESTERN BALKANS WITH THE IMF – December 2013

Source: The International Monetary Fund - http://www.imf.org/external/country/index.htm

Fikret Čaušević - The CBBiH-SEESOX St Antony's Workshop


EXTERNAL DEBT AND PUBLIC DEBT TO GDP RATIOS OF THE FORMER YUGOSLAV COUNTRIES AND ALBANIA – December 2013

Fikret Čaušević - The CBBiH-SEESOX St Antony's Workshop


  • Login