Entries for 2021

Tensions and disputes between the U.S. and China are likely to continue, possibly resulting in further sanctions. We focus on lessons learned from the U.S. sanctions policy towards Russia, and what those could mean for U.S. sanctions towards Hong Kong or China. 

Fiscal deficits in most EMs widened sharply last year, … due to substantially higher spending to a large extent. Deficit reduction hence requires ...

As the mountain of negative-yielding debt hits new record highs, EM sovereigns continue to benefit from the search for yield ; Emerging markets set to rely increasingly on USD borrowing as abundant global central bank liquidity persists; China has significantly cut back its lending to low-income countries

Portfolio flows to EM stood at $45.9 bn in December. Equity and debt inflows were $29.3 bn and $16.6 bn. China equity flows posted $13.2 bn in inf...