The Chinese Stock Exchange has been making headlines around the world as we head into 2016. Pedro Nueno, IESE Professor of Entrepreneurship and President of the China Europe International Business School (CEIBS), shares his thoughts on what’s causing the turbulence; and on what the outlook for China’s economy might be.  

A key concept at the heart of financial theory is the “risk-free rate.” The idea is simple: the rate at which you would lend money to a very secure borrower, one with 0% probability of default. If you lend money to a riskier borrower (one with some probability of default) you would charge a “risk…

The best commentary came from the Spanish daily Expansión. They gave us nine pages on Draghi’s measures and a headline from a statement made by Francisco González, president of BBVA: “” (note - I added the "all" to that statement). Draghi was already talking, a few months ago, of measures that needed to be taken in…