MOSCOW: ‘ Putin Says Our Economy Will Bounce Back by 2017 ‘

#AceFinanceNews – MOSCOW:Dec.18 – Russian President Vladimir Putin blamed external factors for the country’s current economic crisis in an annual press conference.

He said he expected a return to growth by 2017 in the worst case scenario.

What he said:

– Russians had better brace themselves for two tough years
– Putin maintains the situation in Ukraine is the West’s fault
– …however, he claims to still want a solution to the crisis and thinks Poroshenko does too
– The CBR could have acted more quickly
– He re-committed to the privatization process
– Putin isn’t planning to fire Igor Sechin, CEO of Rosneft
– Capital controls on Russian assets are not currently planned
– Putin will prop up mortgages after interest rates rose to 17%
– He wants to preserve Russia’s currency reserves
– Putin hasn’t decided if he wants to run again in 2018
– And “everything is fine” with his post-separation love life

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WASHINGTON: ‘ Watchwords: Credit, Growth, Leverage, Maturity Mismatch, Complexity and Too Big to Fail ‘

#AceFinanceNews – WASHINGTON:Dec.18 – Presentation by Mr Hyun Song Shin, Economic Adviser and Head of Research of the BIS, at the Brookings Institution, Washington DC, 4 December 2014.

Our understanding of crisis propagation is heavily influenced by the experience of the 2008 crisis.

Watchwords are credit growth, leverage, maturity mismatch, complexity and "too big to fail". While these factors are still relevant, it does not follow that future bouts of financial disruption must follow the same mechanism as in the past.

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