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. 

LATEST IIF RESEARCH

Publication
August 27, 2015

* Markets find some relief after China turmoil
* Continued EM differentiation under stress
* IIF Tracker shows reversal of EM portfolio flows in August
* China—”two track” monetary easing, more rate cuts ahead
* Ukraine debt restructuring deal—key lesson
* Carbon markets---U.S. sets the stage for Paris

Publication
August 27, 2015

One year dollar riyal forwards have risen sharply, but the dollar peg will remain intact. However, given large projected deficits, time may be ripe for some consolidation, removal of implicit subsidies, and divestment of state assets to unlock efficiency and economic gains.

Publication
August 27, 2015

Despite more subdued trading volumes in recent years, carbon markets are likely to increase in number and size as policymakers develop these markets as a key tool for meeting greenhouse gas emissions targets.

Publication
August 27, 2015

Volatile market conditions have taken a toll on capital flows to emerging markets. Net non-resident portfolio flows in August fell into negative territory for the first time in 2015. EM equity flows bore the brunt of the retrenchment, dropping to their lowest level since the taper tantrum at an estimated -$8.7 billion. *Note: This has been cross-published as "August 2015 EM Portfolio Flows Tracker and Flows Alert."

Publication
August 27, 2015

Our recent visit to Seoul found a country struggling to deal with multiple shocks. Korea is a country with one foot in the advanced economy world and one foot still in emerging markets, but seems to suffer from defects of both camps. We have revised down our growth forecast for 2015 and see 2016 growth remaining sluggish.

Publication
August 27, 2015

Weak economic data, China-related market turmoil and looming Fed tightening pose a major dilemma for South African policymakers, but we believe authorities will raise rates.

Publication
August 27, 2015

Volatile market conditions have taken a toll on capital flows to emerging markets. Net non-resident portfolio flows in August fell into negative territory for the first time in 2015. EM equity flows bore the brunt of the retrenchment, dropping to their lowest level since the taper tantrum at an estimated -$8.7 billion. *Note: This has been cross-published as "IIF Flows Alert: Investors Exit EM Equities in Global Risk-off Move."

Publication
August 24, 2015

Non-resident portfolio flows to emerging markets have turned sharply negative in the last few weeks after a modest recovery in early August. However, so far the retrenchment has been less steep than either the 2013 taper tantrum or the 2008 global financial crisis.

Publication
August 21, 2015

* There have been recent reports about massive capital outflows from emerging markets.
* We disagree with the underlying estimations and look at a range of measures of capital flows.
* IIF estimates of the same concept and a broader look at capital flows developments do show a recent weakening of EM capital flows but do not suggest an EM rout on a comparable scale to the global financial crisis.

Publication
August 20, 2015

* Emerging market assets pummeled—has it been overdone?
* Don’t panic! EM capital flows have weakened, but NOT collapsed
* Oil prices—Saudi strategy working but slowly
* Japan—the long and winding road
* Greece—back to the polls