We estimate that non-resident portfolio inflows to emerging markets rose to USD21 billion in May All four EM regions saw portfolio inflows in May, wit
In the months since the election, the ability of Dollar moves to explain USD/CNY fixings is down sharply.' We interpret this regime change as a de fa
China's total debt (ex-financials) now tops 265% of GDP, marking a sharp rise from 140% in 2008. Heavily indebted non-financial corporates in China ar
We estimate a simple model that examines the role that Dollar direction plays in the fixing mechanism. Prior to Nov. 8, the fixing displayed asymmetry
There is a perception in the market that capital controls have helped balance China's capital flows. But experts that we talked to in Beijing were les
We estimate that non-resident portfolio inflows to emerging markets were solid at USD21 billion in April All four EM regions saw portfolio inflows in
The sharp decline in the current account surplus,' which fell over $100 billion last year, was driven by a drop in the goods balance, not services.' W
We estimate that non-resident portfolio inflows to emerging markets rose to USD30 billion in March - the highest monthly inflow since January 2015. Al
Download PDF (578.93 KB) IIF Authors Kristen Silverb
Looking on the bright side Trump vs. WTO China-green shoots in spring India-GDP surprises, but revision likely' Colombia easing set to continue
Is the reflation trade coming back? China - capital outflows remain large India - RBI surprises, keeping rates on hold MENA - short-term pain, long-te
We estimate that non-resident portfolio flows to emerging markets rose to USD12.3 billion in January EM Asia, LatAm, and EM Europe saw modest portfoli
China Economic Update The Great Moderation China GDP is less export and industrial driven, yet still too dependent on financials and homes Growth sta
Markets reassess the Trump trade US-a surge in animal spirits China-no deleveraging in 2016 Brazil-monetary easing accelerates Turkey-tightening liqui
1.' What next for the dollar? ' ' Investors closed out 2016 with fairly firm convictions about where markets were headed: the dollar and mature equi
December portfolio outflows cap the weakest year since the crisis : Non-resident portfolio outflows from emerging markets are estimated to have been $
The December 2016 edition of the IIF Global Economic Chartbook summarizes our current views on the global economy, drawing on our latest' Global Econo
When visiting China last week, we found more confidence that recent economic growth had stabilized, but also greater uncertainty about 2017 given elev
1.' Markets brace for higher bond yields, stronger USD: As investors digest the implications of the Fed's rather hawkish hike (see below), they see l
Portfolio outflows largest since "taper tantrum": Non-resident portfolio outflows from EMs are estimated to have been a hefty $24.2 billion in Novembe