Latin America Chart Pack Exporters beginning to benefit from weaker currencies The recent increase in manufactured exports may be the first sign that Latin American industry is beginning to feel the benefit of weaker currencies. Nominal exports grew by 2.2% y/y in July, having... 29th August 2013 · 1 min read
Asia Chart Pack Rupee and rupiah take a hit, signs of resilience elsewhere Asia has borne the brunt of the EM currency sell-off this month with the Indian rupee and Indonesian rupiah the worst performers in the emerging world. The currencies of Thailand and the Philippines... 29th August 2013 · 1 min read
Global Markets Update Will emerging market currencies suffer a re-run of 2008? The extent of the latest rout in emerging market currencies has prompted comparisons with previous crises, such as that in the autumn of 2008. But we suspect some recovery may be around the corner... 29th August 2013 · 1 min read
UK Markets Outlook Gilts may yet decouple from Treasuries While yields on gilts have continued to track those on US Treasuries closely, some decoupling is still possible. For one, both central banks have tied their monetary policy to the unemployment rate... 28th August 2013 · 1 min read
Emerging Markets Economics Update Should we still worry about EM currency crises? Improved fundamentals mean that currency crises pose a much smaller risk to Emerging Markets now than in the past. But it would be unwise to assume that the coast is therefore clear for the emerging... 26th August 2013 · 1 min read
Asia Economics Weekly It’s not all doom and gloom for Asia Recent headlines have been dominated by a sharp shift in sentiment against EM assets. Asian economies have been hit harder than most in the sell-off. However, away from the financial markets, there... 26th August 2013 · 1 min read
Latin America Economics Update Brazil FX intervention plan looks big by EM standards The $60bn currency intervention programme announced by Brazil late last night represents one of the boldest attempts yet by an EM central bank to shore up its currency following the rout of recent... 23rd August 2013 · 1 min read
Asia Economics Update How does India today compare with previous crises? The rupee continued to slide today, breaking through 65 to the US dollar for the first time. Newspaper headlines continue to talk of a crisis. In this Update we compare the current situation with... 22nd August 2013 · 1 min read
Emerging Europe Economics Update Currency weakness unlikely to cause EM inflation to rise The sell-off in emerging market (EM) currencies this month is unlikely to have much of an impact on EM-wide inflation. Indeed, looking ahead, we think the outlook for EM inflation is fairly benign. 22nd August 2013 · 1 min read
Emerging Europe Economics Update Ruble stays out of the firing line... for now The ruble has fared surprisingly well during the latest EM sell-off, in large part due to the fact that oil prices have edged up over recent weeks. Nonetheless, the ruble is still weaker than the... 22nd August 2013 · 1 min read
Asia Economics Update Emerging Asia Markets Monitor (Aug.) Asian currencies and equity markets have been hit hard by the recent sell-off inemerging market assets with India and Indonesia the worst affected in the region.Bond yields have risen, but remain low... 21st August 2013 · 1 min read
Africa Economics Update South Africa: currency slump is a double-edged sword The renewed slump in the rand has once again cast a spotlight on some of South Africa’s economic vulnerabilities. But while it is likely to put the balance of payments position under pressure and keep... 21st August 2013 · 1 min read
Latin America Economics Update Currencies back in the firing line Latin America has not been spared in the latest emerging market sell-off, with currencies and bonds tumbling over the past few weeks. However, in contrast to May’s sell-off, equity markets have so far... 21st August 2013 · 1 min read
Emerging Europe Economics Update Coming through the EM sell-off relatively unscathed Emerging European currencies have generally withstood the recent EM financial market sell-off relatively well. Meanwhile, equities in Central Europe have made strong gains over the past month. 21st August 2013 · 1 min read
Global Markets Update The floodgates re-open … at least temporarily The respite enjoyed by emerging markets (EMs) during the first half of July has not lasted. Indeed, net portfolio inflows remained negative over the course of the month as a whole according to EPFR... 20th August 2013 · 1 min read
Asia Economics Update Is India heading toward crisis? The slide of the rupee has triggered speculation that India is heading toward a balance of payments crisis. We do not think a crisis is on the cards, but the outlook is downbeat and fraught with risks... 20th August 2013 · 1 min read
