The volatility that’s now shaking the global financial system seems likely to have some of its most profound effects on the world’s emerging markets and developing economies (EMDEs). As policymakers seek to ride out the late-summer storm, it’s more vital than ever for economists and investors to understand how and why those economies got into … Continue reading
“JPMorgan Chase & Co. extended a deadline to decide whether to remove Nigeria from its emerging market bond indexes tracked by more than $200 billion of funds, as a new government in Africa’s biggest economy settles in,” Bloomberg reports. Back in January this year, JPMorgan said it would assess Nigeria’s suitability to remain in a … Continue reading
A key option in Greek debt negotiations, sovereign debt forgiveness, is apparently off the table as non-transparent Greek derivatives take priority over a compromise. The most unreported story in the Greek negotiation is the unknown impact of the derivatives contracts that underlie the economic system. What banks have exposure? Who is the primary U.S. regulator dealing with the … Continue reading
Russia’s banking sector faces significant challenges in 2015 as an economic crisis broadens which may lead to nearly 20% of its banks collapsing this year, Russian business daily Vedomosti reported on Tuesday, citing Russian think tank the Center for Macroeconomic Analysis and Short-Term Forecasting (CMASF). This year, over 200 Russian banks could collapse due to a combination of bad loans and the … Continue reading