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October 2019 EM Growth Tracker

Our EM Growth Tracker came in at 3.2% (3m/3m SAAR) in October, 0.2pp lower than the month prior. The deterioration in our tracker was mainly driven by...

GMV: The Engine Room of our Inflation-Consistent NAIRUs

Consensus NAIRU estimates put the Euro periphery near full employment, ... even though the pace of underlying inflation has been subdued for many ye...

Weekly Insight: Game of Loans

Global debt has topped $250 trillion—320% of GDP; emerging market debt hits a new record of $71.4 trillion (220% of GDP); With limited room for further monetary easing, debt service costs will be an increasing constraint on fiscal policy; Climate change is driving significant reallocation in investor portfolios; high-debt countries will have a much harder time coming up with funding to address climate risks; USD hovering at record highs despite Fed rate cuts this year: persistent growth in demand for U.S. liquidity as dollar debt across EM and mature markets (ex-U.S.) hits record highs.  Non-U.S. banks are increasingly reliant on USD funding.

Global Debt Monitor - November 2019

Global debt surged by $7.5 trillion in H1 2019, hitting a new record of over $250 trillion. With no sign of a slowdown, we expect the global debt load to exceed $255 trillion in 2019—largely driven by the U.S. and China.

Tim Adams Scene-Setting Remarks To The 26th Annual IAIS Conference

IIF President and CEO, Tim Adams, delivers scene-setting remarks to the 26th Annual IAIS Conference in Abu Dhabi, UAE. Speech as prepared for delivery. 

GMV: Colombia's Underlying Current Account Deficit

Flexible exchange rates are a key shock absorber for emerging markets, ... with currency devaluation boosting exports when there are adverse shocks....

The Value of Cross-Border Banking and the Cost of Fragmentation 

This IIF staff paper evaluates the benefits of cross-border banking, with a focus on its implications for the macroeconomy and financial stability. It also includes policy proposals to reduce market fragmentation and maximize the net benefits of cross-border banking. 

FRT Episode 52: Future of Finance

Huw van Steenis visits FRT to discuss the wide-ranging Future of Finance report that he authored for the Bank of England.

Macro Notes: South Africa - Time is Running Out

Weak growth has led to deteriorating debt dynamics in recent years. Falling business and consumer confidence do not point to a recovery. External imbalances remain despite weak activity and depreciation. Interest payments to non-residents have risen sharply due to high debt. The Rand is vulnerable to shifts in market sentiment and portfolio flows.

GRU Podcast with Tom Wilson, CRO of Allianz and Chair of the Insurance Regulatory Committee

During the 2019 IIF Annual Membership Meeting, Tom Wilson, CRO of Allianz and Chair of the Insurance Regulatory Committee, shares his insights on curr...



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