Risky Growth Engines
While the rich world puts its post-crisis house in order, developing countries as a whole are becoming the new engine of global growth. But switching locomotives is never free of risk.
While the rich world puts its post-crisis house in order, developing countries as a whole are becoming the new engine of global growth. But switching locomotives is never free of risk.
Once upon a (not long ago) time, there was a widely established set of blueprints for regimes of monetary and exchange rate policies expected to fit a full range…
Aggressive and innovative monetary and financial sector policy actions in developed economies have pulled the global financial system back from the brink of an abyss. But impaired assets are…
Squeezes of trade finance have been among the factors responsible for the recent collapse of trade. Those squeezes should be seen in the context of an overall “introspection” of…
It may seem odd that a relatively upbeat assessment of the prospects for securitization in Latin America (by Michela Scatigna and Camilo Tovar) has been released this month in the BIS…
As global financial markets undergo a new phase of repricing risks and normalization of global asset prices, after the peak of a Minsky credit cycle, the current (long or short) period of turbulence…