Borensztein and Mauro (2002) discuss how countries can self-insure against economic growth slowdowns by issuing GDP-indexed bonds. They simulate the effects of GDP-indexed bonds under different assumptions about fiscal policy…
Investors who rushed out of Wall Street during a month of US policy shocks that raised European growth risks are turning their attention to niche markets such as Latin American…
The power sector continues to be a major source of concern with circular debt a high of 2.6 trillion rupees at present - a burden on the country’s scarce resources…
Cooling US inflation is accelerating a decline in the dollar, and risk assets around the world stand to benefit. The dollar is down nearly 13% against a basket of currencies…
Whenever I meet clients and investors, the one discussion I always end up having, regardless of market conditions, is on currency markets. There are often strong views expressed about why…
As the US dollar tumbles from multi-decade highs, some investors are betting emerging market currencies will be big winners from a sustained reversal in the greenback. The MSCI International Emerging…
Fallout from Russia’s invasion of Ukraine may be setting the stage for more gains in the dollar, upending investor expectations for a weaker greenback as geopolitical uncertainty and worries over…
Monetary policy easing in the United States fueled by worries about the economic impact of the coronavirus is endangering the dollar’s years-long rally and giving a boost to currencies around…
The discount rate of any nation is not just a monetary number but a confession of a nation’s economic temperament. It reflects how prudently it balances growth, stability and credibility…
When a border officer examines your passport, they are not simply checking your nationality. They are weighing your country’s reputation – its credibility, stability and record of honesty. A passport…
