Documents & Resources

Publication
April 30, 2015

* Dollar weakens further as markets reassess positions
* Monetary policy—certainly not boring!
* IIF Emerging Market Bank Lending Survey
* Thailand: another step down
* U.S.—weak growth but tighter labor markets
* UK elections—get ready for a hung parliament

Publication
April 30, 2015

Small and medium-sized enterprises (SMEs) are vital to creating jobs and spurring economic growth, yet many lack access to finance. The IFC estimated a financing gap of $1.6 trillion in 2011 for the formal SME sector, which has likely increased since then. Credit guarantee schemes (CGSs) are an important policy tool to address the SME financing gap. By providing partial coverage of funding, CGSs can enable banks to finance SMEs that lack sufficient collateral or lower the cost of borrowing to higher-risk SMEs. The IIF has surveyed banks regarding the existence and usage of such schemes.

Publication
April 29, 2015

The interaction between economic activity, monetary accommodation and financial markets has provided an underpinning for the financial system over the past six and a half years. Since the recovery began in 2009, economic growth has been soft enough to elicit extraordinary monetary policy measures—including zero and negative policy rates and waves of quantitative easing—but not strong enough to trigger a Fed tightening move anytime soon.

Publication
April 23, 2015

* Markets take in weak data
* Spotlight on Q1 earnings, valuations
* Our new Global Economic Monitor—Global growth under strain
* China—stepping up the pace of monetary easing
* Greece—endgame is near

Publication
April 13, 2015

Welcome to Global Bank Lending Snapshot, a new quarterly IIF publication offering timely information about domestic bank lending to the private sector in more than 160 countries.

Publication
April 10, 2015

With signals from the Fed on balance dovish, and weak U.S. labor market data, markets have reassessed positions in recent weeks. Some revival in risk appetite has been evident in March and early April. As expectations of the first Fed rate hike have shifted closer to January 2016, interest rate volatility has risen.

Publication
April 9, 2015

The European Central Bank Governing Council will be faced with both good news and bad news leading into its next monetary policy meeting on April 15, according to the IIF’s updated version of “Draghi’s Dashboard”.

Publication
April 9, 2015

* Risk assets rally, Euro Area equities in the lead
* FOMC minutes strike a balanced tone
* ECB meeting preview—both good news and bad
* Greece—still close to the edge
* EM growth likely to have fallen to multi-year low in Q1

Publication
April 2, 2015
Global fund investors continued to increase exposure to Euro Area stocks in March, spurred by the hope that ECB QE will improve earnings prospects and economic growth more broadly. As investors shifted into Euro Area equities, they retreated from the U.S. market--the share of U.S. equities in portfolio allocations continued to decline. Conversely, the attractive yield pickup on U.S. bonds continues to lure global investors (notably from the Euro Area) to allocate more to U.S. corporate bonds (though exposure to U.S. Treasuries was reduced). While fund investors’ appetite for emerging market assets was subdued in March, portfolio weights for EM bond and equities continued to reflect signs of greater differentiation. Notably, India has seen the largest rise in equity allocations this year, driven primarily by robust fund flows, while the biggest drop in portfolio equity weightings in March was seen in China.
Publication
April 2, 2015

*Dollar, U.S. equities falter; record-high interest rate volatility
*Which emerging markets would suffer from a global risk shock?
*China—supporting the housing market
*Japan—the elusive inflation target
*Nigeria—from the bullet to the ballot box

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