Portfolio Investment in Emerging Markets: More Than Just Ebb and Flow
By Evan Papageorgiou When the U.S. Federal Reserve first mentioned in 2013 the prospect of a cutback in its bond buying program, markets had a “taper tantrum.” Many emerging markets saw large increases...
View ArticleWarning—Falling (U.S. Treasury) Objects
By Nigel Chalk and Jarkko Turunen The remarkable collapse in the price of oil—a key global price that has virtually halved in the space of just a few months—has received a lot of attention lately....
View ArticleMulti-Track Monetary Policies in Advanced Economies: What This Means for Asia
By James Daniel and Rachel van Elkan Since mid-2014, diversity and divergence—applying to countries’ economic situations, policies and performance—have dominated global economic discussions. Differing...
View ArticleGlobal Financial Stability: Vulnerabilities, Legacies, and Policy Challenges
By José Viñals (Versions in 中文, Français, Русский, and Español) Today global financial stability is not yet assured and downside risks prevail. Our recommendation is for an urgent upgrade in policies,...
View ArticleTo Hike or Not to Hike? Monetary Policy in Latin America During Fed Liftoff
By Carlos Caceres, Yan Carrière-Swallow, and Bertrand Gruss (Versions in Español and Português) As the U.S. Federal Reserve prepares to raise policy rates for the first time in almost a decade, Latin...
View ArticleSovereign Wealth Funds in the New Era of Oil
By Rabah Arezki, Adnan Mazarei, and Ananthakrishnan Prasad (Versions in عربي and 中文) As a result of the oil price plunge, the major oil-exporting countries are facing budget deficits for the first...
View ArticleFed Tightening May Squeeze Portfolio Flows to Emerging Markets
By Robin Koepke December 14, 2017 Versions in 中文 (Chinese), Français (French), Русский (Russian) Derivatives traders in Singapore: Tighter Federal Reserve monetary policy is likely to reduce...
View ArticleThe Short-term Liquidity Line: A New IMF Tool to Help in the Crisis
By Geoffrey Okamoto عربي, 中文, Español, Français, 日本語, Português, Русский Challenging times for emerging markets The COVID-19 pandemic has severely disrupted the global economy at every level. Across...
View ArticleGlobal Policy Responses to Capital Flow Volatility
By Annamaria De Crescenzio, Annamaria Kokenyne, Dennis Reinhart, and Julia Schmidt The COVID-19 health and economic crisis has once again focused attention on the fickleness of capital flows and the...
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