Billed a year ago as saviours of Western capitalism, sovereign wealth funds now look as vulnerable to the credit crunch as anyone else and are witnessing a rapid downgrade to their growth outlook. …. “They are going to face severe restrictions on their operations. They’re going to stop the trend towards … glamour investment and …
The global economic and financial crisis has struck emerging market currencies, yet Dr. Alexander Mirtchev, founder and chairman of the Krull Corporation and a transitional economy expert, believes that central banks in the emerging markets should resist the temptation to restrict currency flows. Despite the volatility in the foreign exchange markets and the negative impact …
Krull Corp. President Dr. Alexander Mirtchev assesses the effect of the dramatic fluctuations in oil and other commodity prices in the context of the financial crisis, indicating that global energy balances would be affected in the long run. Policymakers should consider a comprehensive and coordinated strategy for engaging the key supplier and consumer emerging markets …
“One effect of these bailouts that appears unclear is how they will affect emerging markets, which are at present the source of highest economic growth in the world,” said Dr. Mirtchev. “Some emerging markets, such as Korea, Russia and Kazakhstan, that are essentially dollar-based economies, have a pronounced liquidity problem — the local banks, which …
In an interview with Reuters, Dr. Alexander Mirtchev, founder and chairman of the Krull Corporation and an economic expert on emerging markets, shared concerns about the impact of the credit squeeze on emerging market economies. As the U.S. financial system continues to bear historic pressure, economies that have experienced considerable growth in the past decade …
Dr. Alexander Mirtchev, founder and chairman of the Krull Corporation and an economic expert on emerging markets, sat down with Bloomberg Television in London to discuss the impact of the financial crisis on the economy of Kazakhstan. Overall, Mirtchev said, the crisis “has been treated mainly as a liquidity crisis and I would strongly argue …
Dr. Alexander Mirtchev analyzes the varied responses to the current financial crisis on Bloomberg Television. Mirtchev considers the crisis to be more of a solvency and asset quality crisis rather than a liquidity crisis, and that government intervention in the markets by several countries ignores this issue at the peril of a number of unanticipated …
Emerging market experts, tracking the fluctuating prices, were generally optimistic on the long-term stability of energy-heavy economies such as Russia, Bolivia, Mexico, Kazakhstan. The overall feeling is that the prospect of further massive debt by the U.S. government and the diminishing value of the dollar will further encourage investments in productive assets, including oil. “The …
Today’s market increases and the announcement by the U.S. government to undertake a major bailout plan to restore confidence in the world financial system, prompted a rare comment from Alexander Mirtchev, Chairman of the Board of Directors for the Kazakhstan Sustainable Development Fund, Kazyna. “There are dire predictions being made about the impending meltdown of …
Tomorrow’s Exit Strategy Should be in Place Today Read More »
Dr. Alexander Mirtchev, President of Krull Corp., believes that the U.S. bailout plan already represents the embodiment of an inevitable universal “cure of choice” across the globe. His perspective on the current economic situation, both in the U.S. and in both the developed and emerging markets, is that the reaction of the developed economies’ governments …
The Worldwide Bailout Plans – A “Universal Cure Of Choice”? Read More »