A subtle type of sovereign debt restructuring is “financial repression.” Financial repression denotes a compound of measures to channel cheap funding to governments, accompanied by a steady dose of inflation. It was practised in the developed world during Bretton Woods era.
The European Financial Stability Facility (EFSF) and its permanent replacement, the European Stabilization Mechanism (ESM) haven proved less effective than the ECB in quelling crisis dynamics. However, the funds are large in size and will play major role in the euro area’s institutional response to crisis pressue.
Macrosynergy is a London based macroeconomic research and technology company whose founders have developed and employed macro quantamental investment strategies in liquid, tradable asset classes, across many markets and for a variety of different factors to generate competitive, uncorrelated investment returns for institutional investors for two decades. Our quantitative-fundamental (quantamental) computing system tracks a broad range of real-time macroeconomic trends in developed and emerging countries, transforming them into macro systematic quantamental investment strategies. In June 2020 Macrosynergy and J.P. Morgan started a collaboration to scale the quantamental system and to popularize tradable economics across financial markets.
