Report
Patrick Artus

The symptoms of a loss of confidence in money

OECD countries are conduct ing a very expansionary monetary policy, and this situation will clearly persist. Could economic agents in these countries then lose confidence in money? A loss of confidence in money would be seen: Not necessarily from capital outflows since all the countries are conducting the same expansionary monetary policy; From savers switching to real assets: real estate, corporate capital; From purchases of alternative financial assets: gold, cryptocurrencies. We can actually see signs of loss of confidence in money in OECD countries in 2019, as savers are switching to real estate, crypto-currencies and gold.
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Natixis
Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

 

Analysts
Patrick Artus

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