My colleagues in the Global Strategy team at Business Monitor ran this chart last week, highlighting the sharp differential between German export growth to emerging markets and the developed world. Between 1999 and 2008 the proportion of German exports to emerging markets rose almost 10pps to 29.5% (according to IMF data). Over the same period, [Read more...]

The fixed income investment community has been shaken up by growing concerns over Greece’s creditworthiness, which appear to be spreading like a bush fire across eurozone peripheral states. While concerns over significant sovereign credit risk are currently limited to the euro area and Dubai, my colleagues at BMI believe that Latin American government credit, too, [Read more...]

Mexico has made a bid to become part of the emerging market (EM) elite by stating that it too may decide to lend to the IMF, either through a direct loan or the purchase of IMF debt. The announcement on June 12 by central bank governor Guillermo Ortiz came shortly after EM heavyweights Russia and [Read more...]

As part of the recent podcast series addressing the build-up of imbalances in the global economy, Bruce Jeffery provides an insight into the nature of balance of payments crises and how they come about. Stuart Allsopp provides an outlook for the painful adjustment process ahead for Venezuela’s balance of payments.

 

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