The IIF offers an independent source of global economic and financial research. We provide a comprehensive assessment of the global outlook with a focus on key emerging economies, timely analysis of capital flows to emerging markets and developments in international financial markets.

We focus on risks and policy challenges, drawing on first-hand insights from our interactions with policymakers and member firms and our close involvement with the global regulatory debate.

Members can tap the IIF’s team of highly experienced, international economists and financial analysts for custom briefings on a range of macro, regional, and country issues. 

May 2, 2016

The main takeaway from our visit to Santiago last week is that the Chilean economy continues to struggle as business concerns with government policies exacerbate the drag from a weak copper price.

May 2, 2016

As the credit cycle ages, following years of record-setting bond issuance, there are growing concerns about signs of stress in corporate balance sheets—notably in the high-yield sector and in many emerging markets. In the high-yield sector, rising default rates pose a particular challenge in a slow-growth environment. For emerging markets borrowers, the growing debt burden will weigh on corporate creditworthiness and EM growth going forward.

April 28, 2016

* What next for the rally?
* Japan—BoJ holds back
* Fed—tip-toeing in the face of soft data
* Brazil—no easy task ahead
* Saudi Arabia—a new vision to transform the economy

April 28, 2016

We estimate that emerging markets received $26 billion of non-resident portfolio inflows in April, following a 21-month high of $37 billion in March. Inflows were dominated by foreign purchases of bonds ($21 billion), helped by favorable issuance conditions.

April 27, 2016

During our recent trip to Peru we met with top advisors to presidential contenders in the June 5 runoff elections.

April 27, 2016

Our recent trip to Ukraine coincided with the arrival of a new government. After four months of negotiations, the ruling coalition holds a very slim majority in parliament with two parties, the President's Poroshenko Bloc and the ex-Prime Minister Yatsenyuk’s People’s Front.

April 27, 2016

The Chinese bond market has grown quickly and the recent opening of the markets to foreign investors is a game changer. However, the regulatory environment has yet to be simplified and significant obstacles remain. Additional spread widening cannot be ruled out, but risks of widespread defaults are low.

April 26, 2016

Oil prices have rebounded as tail risks to the global economic outlook have subsided, and a clear downturn in U.S. shale production is reducing the oversupply of oil. We expect oil prices to remain in the current range, as OPEC will seek to limit price declines and U.S. shale producers increase production if prices move further up.

April 25, 2016

Risk assets, particularly emerging markets, have put in a strong performance year to date. Our latest Chartbook looks at some of the factors behind the risk rally, and whether it is likely to hold up.

April 25, 2016

China has seen a dramatic swing from net capital inflows to large net outflows in recent years. Much of this downshift is due to a sharp reduction in non-resident capital inflows, driven by a shift in investor expectations about the path of the RMB and concerns about China's economic outlook. While flows have stabilized in recent months there remain risks that outflows could accelerate again if concerns about RMB depreciation intensify again.