International Example 4 

Investment Policies in a Changing Environment 

Investment Policy Issues 
•    Where is the world economy heading?
       -     Where are we in the business cycle?
       -     Fiscal policy in a deadlock?
       -     Monetary Policy on a dangerous path?
       -     Scenarios for the future
       -     What can we expect?
       -     Investment conclusion
•    The Euro: Is it an optimal currency area?
       -     The two models of a currency union
       -     The concept of the Euro
       -     The Euro in a difficult situation
       -     The Swiss National Bank in the eye of the storm
       -     Will it break up?
       -     Scenarios for the future
       -     What can we expect?
       -     Conclusions

 
Long-term Structural Issues
•    Capital Mobility and its implication for the Economy and the society
       -     Diversification as a constitutional element of capital mobility
       -     Paradigm change for the management of a company
       -     Risk as second determinant of the investment policy concept
       -     Efficient markets as a guideline for managing money
       -     Capital mobility and its implication for society
•    The Swiss financial industry – characteristics and challenges
       -     The role of the Swiss Financial Center
       -     The Investment Banking as shock No 1
       -     The tax issue as shock No 2
       -     Implication of the two shocks for the Swiss Banking System
       -     Two scenarios for the future
       -     Conclusions
 
Lecturer:
Prof. Dr. Josef Marbacher, Institute for Finance IFF at the University of Applied Sciences in Northwestern Switzerland, Windisch
Duration: 90 or 180 minutes, can be extended up to two days.
 
These units can be performed either in China or in Switzerland, depending on duration.