Publications

Market Liquidity in Emerging Markets: How Bad Is It?

Secondary bond market liquidity in emerging markets has been under periodic scrutiny since the onset of the 2008 crisis. Turnover ratios for hard curr

IIF SAG Comments on Revenue Recognition Exposure Drafts

The IIF SAG supports the IASB's and the FASB's proposal to defer the effective date of IFRS 15 and the effective date of Revenues from Contract with C

EM Capital Flows Projected to Fall to Post-Crisis Low in 2015

After a slow start to the year, private capital inflows to EMs are projected to subside to $981 billion this year, which would be the weakest outcome

IIF Flows Alert: Bond Tantrum Reversal Ends After 18 Days

The recent reversal of EM portfolio flows lasted from May 1 to May 18. The episode saw total EM outflows of an estimated $10-15 billion. The reversal

IIF Dispatch: Update from India

Our visit to India this week coincided with the end of the budget parliamentary session and the one-year anniversary of Prime Minister Modi's governme

Weekly Insight: Disruption Watch

Dispatch from Silicon Valley Global growth-still waiting for the rebound Introducing IIF Flows Alerts Turkey-central bank remains on hold

Saudi Arabia: Opening Capital Markets for Foreign Investment

The recent decision by the Capital Market Authority to publish regulations governing direct ownership of shares listed on the stockmarket, Tadawul, by

IIF Flows Alert: Bond Tantrum Takes Toll on EM Flows

Our new early warning system for EM capital flows indicates that a reversal episode began on May 1, with daily data showing a sharp decline in portf

China Spotlight: Who is afraid of the big bad swap?

Bottom Line: The Chinese government has stepped up its efforts to launch a big local government debt swap as part of broader plans to boost the econom

IIF Flows Alerts: An Early Warning System for EM Capital Flows

This note introduces IIF Flows Alerts, an early warning system designed to detect turning points in capital flows to emerging markets. The alerts are

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