Tuesday, September 11, 2018

We compare FM to EM across key macroeconomic outcomes. FM grew less than EM in the long run but saw lower volatility. FM fell behind in convergence to DM since the global crisis. FM inflation picked up in recent years, diverging from EM. FM consistently ran larger current account deficits than EM. Capital flows to FM and EM displayed similar patterns.

IIF Authors

Sergi Lanau

Sergi
Lanau
Deputy Chief Economist
slanau@iif.com

Gregory Basile

Gregory
Basile
Senior Research Analyst
@GregBasileIIF
gbasile@iif.com

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