The webTV for BNP Paribas economists, is presented by the journalist Sybille Deshedin. On the agenda every month is Philippe d'Arvisenet, Director of Economic Research; as well as two interviews regarding the top headlines in the international economic world.

This month, the three subjects are:

Fed: normalization is not tightening
Philippe d'Arvisenet, Director of Economic Research

“ […] It is a penalty rate for banks that addressed the so called discount window when they met difficulties to get finance on the interbank market. As everyone knows over the last two or three years, this market has been under stress, and consequently the Fed had to lower this discount rate. […] ”

Emerging countries get strength back
François Faure, Economist on Country Risk

“ […] Firstly, the world trade recovery impacts more strongly industrial activity in the emerging economies thanks to its usually strong multiplicative effect on external trades within emerging countries and also because of consolidation of the exchange rate competitiveness, especially in Asia (China, Korea). […] ”

United States: Public finances, this transatlantic concern
Jean-Marc Lucas, OCDE Economist

“ […] Until now, the US government has easily managed to finance its needs, without taking interest rates up markedly. These risks should probably be kept in perspective, at least in the short term. […] ”

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