Massive capital inflows across South America raise the spectre that authorities throughout the region are about to impose capital controls. Support for exporters appears to be the main reason for such intervention, but fears over a rapid withdrawal of ‘hot money’ in the event of another ‘double-dip’ also appear to be a factor.
Risk Watchdog believes [Read more...]
On this week’s Business Monitor Podcast, we continue our theme of ‘top emerging market picks’ with a focus on Latin America. BMI’s Head of Country Risk and Financial Markets Justin Patrie discusses the region with Head of Latin America Analysis Richard Hamilton and Latin America Analyst Martha Stickings. Specific countries discussed include Colombia, Brazil, Panama [Read more...]
Against an increasingly challenging global economic backdrop, Richard Hamilton, Head of Latin America analysis at Business Monitor International, outlines three core themes for the region. Having been among the first regions to emerge from the global economic downturn in 2009, we take a look at the likely impact of a double-dip in China and an [Read more...]
After slumping by 12% in 2009, the largest contraction of the post-war period, global trade volumes have steadily rebounded in the first half of 2010. Yet, just as the global economic downturn laid bare the inherent chinks in the armour in the world’s financial system, the upturn is exposing a fundamental weakness in another vital [Read more...]
It is too early to call the peak in Latin American equities, especially when there is so much liquidity floating around. However, recent price action combined with macro concerns imply that another significant downleg may not be far off. Since the start of the year LatAm stocks have been the EM outperformers, but while Risk [Read more...]
In the latest twist to the heavily publicised reserve kerfuffle, President Cristina Fernández has this week replaced her contested decree to tap the country’s foreign exchange buffer with a slightly tweaked order to the same end. According to local media, the central bank, now governed by one of Fernández’s close allies, has already started transferring [Read more...]
In an era where a global financial crisis has been caused not by developments in Russia, South-East Asia or Argentina, but by banking insolvency in the United States and sovereign default risks in a eurozone member state, namely Greece, our panel of senior commentators discusses what it means to be an ‘emerging market’. Justin Patrie, [Read more...]
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