Tags » Capital Flows

Will a Fed rate hike affect house prices in emerging markets?

Ambrogio Cesa-Bianchi and Alessandro Rebucci

In some parts of the emerging world, housing markets have grown well ahead of income in recent years.  Will a US monetary policy normalisation bring about a correction in house prices as the search for yield unwinds and capital flows back to the US?  989 more words


US-Asia trade imbalance

Westpac produce a very detailed chart pack on the US economy called Northern Exposure. One item that stands out like a sore thumb is the trade imbalance between the US and Asia: 194 more words

US & Canada

Help Me Emerging Markets; You’re My Only Hope

The weakness in retail sales from December through February didn’t jibe with the strength in employment and consumer confidence.   547 more words

In the first part of this article, I started a discussion on steps that Nigeria’s incoming administration under president Muhammadu Buhari, should take in effecting productive changes in the country. 784 more words

Foreign Policy

The results have come in and Nigerians are all aware of the outcome: the presidential candidate of the All Progressives Congress, Muhammadu Buhari, has emerged president-elect. 791 more words

Foreign Policy

“It’s All China, Directly And Indirectly”

Cardiff Garcia is dancing around the inverted yield curve bond market conundrum: “The supply dynamics of advanced-economy sovereign debt, with net issuance available to the public set to turn sharply negative this year and next…suggest that longer-dated US Treasury yields will be under pressure yet again because of foreign demand…Once the Fed begins to hike the policy rate later this year, there is a chance that longer yields will not follow them higher.”  Some history: “The global macroeconomic imbalances that contributed to… 410 more words

Dear EM: All Your Current Account Are Belong To Us

“Almost $260 billion worth of sovereign and corporate bonds — nearly a tenth of outstanding emerging market (EM) debt — is in… 801 more words