Following the 2008–2009 crisis, bursts of volatility can occasionally be observed in global markets. The reasons are different: debt crisis in the peripheral eurozone countries, changes in the US Fed’s policy, changes in the structure and strategies of the oil market players or, as in the past six months, the situation in the Chinese market. Anyway the bursts of volatility relate to the adjustment of global imbalances, which have been piling up for years, and they are inevitable to a certain extent.[...]