# In an op-ed, Prof. Nouriel Roubini explains why geopolitical tensions have failed to impact financial markets

1 Faculty News September 30, 2014 ![Project Syndicate logo](/sites/default/files/styles/246w/public/assets/images/con_030500.jpg?itok=ONV7lJ6H)>

Excerpt from [Project Syndicate](http://www.project-syndicate.org/commentary/nouriel-roubini-asks-why-global-financial-markets-remain-buoyant-in-the-face-of-mounting-geopolitical-risks) -- "Global markets have not reacted for several reasons. For starters, central banks in advanced economies (the United States, the eurozone, the United Kingdom, and Japan) are holding policy rates near zero, and long-term interest rates have been kept low. This is boosting the prices of other risky assets such as equities and credit."

[Read more](http://www.project-syndicate.org/commentary/nouriel-roubini-asks-why-global-financial-markets-remain-buoyant-in-the-face-of-mounting-geopolitical-risks)

Additional coverage appeared on [CNBC](http://www.cnbc.com/id/102048556), [The Guardian](http://www.theguardian.com/business/2014/oct/01/rational-complacency-financial-markets-nouriel-roubini), [Livemint](http://www.livemint.com/Opinion/h1NljZ2jHBvmgw1gqXdymN/Nouriel-Roubini--Markets-rational-complacency.html), [Marketwatch](http://blogs.marketwatch.com/thetell/2014/10/01/nouriel-roubini-a-k-a-dr-doom-warns-of-rising-risks-around-the-world/) and [Sydney Morning Herald](http://www.smh.com.au/business/world-business/markets-asleep-to-global-risks-says-dr-doom-nouriel-roubini-20141002-10p9rn.html).