Low interest rates have reduced the pandemic’s damage to emerging market sovereign debt burdens

This post summarizes my presentation for the AEI event, “Coping with COVID-19 in Emerging Market Economies,” on February 5, 2021.[1] In the wake of the COVID-19 pandemic, governments in emerging market economies (EMEs) ratcheted up ....

Continue reading

Scenarios for US interest rates and emerging market default: The good, the bad, and the ugly

This note summarizes my presentation for the AEI Event, “The Debt Challenge of Emerging Market Economies”, October 28, 2020.[1] How likely are emerging market (EM) economies to default? Even before the coronavirus pandemic, many of ....

Continue reading

Brazil and Turkey: 2 canaries in the coal mine

Global economic policymakers taking comfort in the absence of a full-blown emerging market crisis in the wake of the pandemic might want to take careful note of Brazil and Turkey’s present economic and financial market ....

Continue reading

The coronavirus could send hundreds of small banks to the ICU

The Federal Reserve Board recently announced the results of its mandatory Dodd-Frank stress test for the 34 largest banking institutions. The Fed estimates that these institutions could post losses in the range of $560-$700 billion ....

Continue reading
Social Media Auto Publish Powered By : XYZScripts.com