EMerging Equity
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Dollar Imperialism, 2015 Edition: Our Currency, Your Problem – OpEd
“The dollar is our currency, but it’s your problem.” This is what US Treasury Secretary John Connally said to his counterparts in the Rome G-10 meeting in November, 1971, shortly after the Nixon administration ended the dollar’s convertibility into gold and shifted the international monetary system into a global floating exchange rate regime. The world … Continue reading
Roubini: The Negative Way to Growth — Why Are So Many Investors Willing To Lose So Much Money?
By Nouriel Roubini Monetary policy has become increasingly unconventional in the last six years, with central banks implementing zero-interest-rate policies, quantitative easing, credit easing, forward guidance, and unlimited exchange-rate intervention. But now we have come to the most unconventional policy tool of them all: negative nominal interest rates. Such rates currently prevail in the eurozone, Switzerland, … Continue reading
Lessons Learned From Emerging Markets For Frontier Markets: Managing Capital Flows
By David Lipton, IMF Soon after the global financial crisis, with emerging market economies experiencing sizable inflows in the wake of quantitative easing, unconventional monetary policies, and widening growth differentials with advanced economies, the IMF embarked on a work program to help our member countries craft policy responses that would reap the benefits of financial … Continue reading
Global Debt: The Tip And The Bulk Of The Iceberg
By Valentin Katasonov Despite the chilling nature of global debt and individual country debt figures cited in the report — Debt and (not much) deleveraging — published by the well-known consulting firm McKinsey in February 2015, for the most part these figures are incomplete and underestimated. The situation is in fact far worse. This is clearly illustrated by … Continue reading
Aided By Corruption, Ex-Yemeni President Saleh May Have Netted Up To $64B During 33 Year Rule
Amidst a raft of allegations of political manipulation, including aiding the overthrow of Yemen’s government last month, a report presented to the United Nations Security council on Tuesday said that Yemen’s former president, Ali Abdullah Saleh, has amassed a personal fortune of up to $64 billion. The report — quoting unnamed government sources and was compiled by a panel of … Continue reading
BRICs Q&A With Jim O’Neill
The grouping of emerging markets known as the ‘BRICs’ — which comprises of Brazil, Russia, India, China, and South Africa — helped to drive the global economy following the 2008 financial crisis, however the dynamics among these nations are changing, as economic growth from long time powerhouse China continues to slow and perennial laggard India is building momentum under its new government. … Continue reading
Is Russia Preparing To Move To The Gold Standard?
By Sputnik News Mises Institute contributor Marcia Christoff-Kurapovna believes that Russia may be in the process of planning for the introduction of a gold-based currency, and would be better off for it. “Though a far-fetched idea at first glance, many factors suggest that remonetization in gold may be a logical next step for Moscow,” Christoff-Kurapovna notes in an analytical article published Friday on the libertarian … Continue reading
The Illusion Of Monetary Policy Independence Under Flexible Exchange Rates
By Sebastian Edwards Via VoxEU The conventional ‘trilemma’ view is that countries that allow free capital flows can still pursue independent monetary policies as long as they allow flexible exchange rates. This column examines the pass-through of Federal Reserve interest rates to policy rates in Chile, Colombia, and Mexico. The author concludes that, to the extent … Continue reading
Global De-Dollarization And U.S. Policies
By Vladimir Odintsov In its quest for world domination, which the White House has been pursuing for more than a century, it relied on two primary tools: the US dollar and military might. In order to prevent Washington from establishing complete global hegemony, certain countries have recently been revising their positions towards these two elements … Continue reading
Reforms In Asia Bring Big Potential For Small Companies
By Mark Mobius Templeton Emerging Markets Group At Templeton Emerging Markets Group, we believe Asia’s combination of rapid economic growth, generally strong national finances and economic fundamentals has created an attractive landscape for equity investors. Seismic changes have been taking place in Asia’s political arena over the past couple of years, including major elections, leadership … Continue reading
