11 November 2016
With Trump as the next American president, how will this affect the future of the international financial system? The prospect of future governance looks grim due to the lack of enforcement and leadership at the global level.
Now that Donald Trump has won the United States presidential election and will become the 45th American President, questions abound about the future of the international financial system. In the immediate term his victory will lead to sell-offs and stock market instability. Even before his confirmed victory, the markets around the world had reacted negatively. For example, S&P 500 futures plummeted by 4 per cent and the Nikkei Index plunged by 5 percent.
Stock markets would continue to be volatile amidst the uncertainties about economic policies under the Trump administration. It is largely unknown what his economic team will consist of and who exactly would design the policies.
… Kaewkamol Pitakdumrongkit is an Assistant Professor at the Centre for Multilateralism Studies, at S. Rajaratnam School of International Studies (RSIS) of Nanyang Technological University, Singapore.
CMS / GPO / Online
Last updated on 15/11/2016