CAFIN and UC Investments Speaker Series Financial Risks, Innovation and Inclusion in a Post-COVID World
Omar Aguilar, Senior Vice President, Chief Investment Officer of Passive Equity and Multi-Asset Strategies, Charles Schwab Investment Management, Inc.
Secular and Cyclical Market Trends in Unprecedented Economic Conditions
We will discuss the three phases of the COVID-19 crisis and their impact on capital markets and the global economy. The first phase was the emotional reaction to the health crisis that drove equity markets to the fastest bear market in history while the global economy experienced the beginning of a severe and deep recession. The second phase involved the accelerated recovery of global equities after the timely and robust intervention of global central banks. The third phase is represented by the current gap between capital markets and hard economic data in a prolonged period of low interest rates, rising inflation expectations and increased market volatility. The discussion will focus on the evolution of investor decision making driven by tradeoffs between emotional and cognitive biases during this unprecedented environment.
The economic crisis associated with COVID-19 pandemic has altered all aspects of our lives. In a new CAFIN speaker series, we will focus on financial challenges and developments. Among the questions that are relevant are: What are the risks to the global financial system in the medium to long run? Is the banking system robust enough? What kinds of future policy interventions might be necessary? What changes to payment systems and other financial innovations have been accelerated by the crisis? How do contagion control policies affect populations that are traditionally underserved by the financial sector? Will financial inclusion be more difficult to achieve after the pandemic?
Friday, October 23 at 9:00am