There is often a lack of consensus among economists when it comes to public policy recommendations. While sowing confusion among the ordinary citizens, who cannot tell which side is “right”, this debate is an important element for the functioning of democracy and is healthy for public policy planning, argues Zeina Latif.
1 Nov 2019
With the volume of negative-yielding developed market assets shooting past the USD15tn mark, inflation globally on the wane and downside risks for the Dollar rising, returns for EM fixed income investors are looking to be as strong as ever, argue Ashmore's Jan Dehn and Gustavo Medeiros.
31 Oct 2019
With various emirates looking to make themselves more competitive, drive local employment and revive stagnating sectors, UAE authorities have through a series of new laws tried to make it easier for businesses to integrate into the local economy and secure more foreign investment. The moves, however, raise difficult questions about the country’s reliance on free zones, and the future of the UAE…
22 Oct 2019
With global loan volumes at their lowest levels since 2012 and persistently depressed global interest rates the prevailing norm, commercial banks operating in emerging markets are increasingly competing for deals with multilateral development finance institutions – the latest sign of how an abundance of liquidity is skewing markets and blurring the lines between financial market stakeholders.
18 Oct 2019
EM benefited greatly from the improvement in US-China trade relations and quite possibly Brexit. The dollar is likely to remain under some pressure near-term as a result. Yet we must caution investors against getting too optimistic. The details of the partial trade deal still need to be worked out, while existing tariffs will still remain in place if the deal is signed next month as most expect.…
14 Oct 2019
Despite the challenges posed by falling revenues that have become endemic to oil-dependent Middle East economies as of late, the region’s finance markets have seen 2019 as a largely positive year. But the outlook is far less certain in 2020, according to a number of regional and international investors, bankers, advisors and corporate chiefs who spoke with Bonds & Loans on a recent research trip…
11 Oct 2019
Bonds & Loans examines the strengths, weaknesses, opportunities and threats across Africa following a research trip to the region.
10 Oct 2019
Most dedicated fixed-income investors have by now realized that emerging markets cannot be treated homogenously, and that blanket statements or generalizations about “emerging market debt” tend to be misleading, or even plain wrong. But with a total of 110 sovereign credits forming the investible EM universe, indexes represent less than half of all investible assets – which is why Eaton Vance, a…
8 Oct 2019
EM got some traction last week as the dollar came under renewed pressure. However, the global backdrop remains negative for EM. US-China trade talks this week are unlikely to yield any progress, which means the next round of tariffs will go into effect mid-October. While odds of a Fed rate cut this month have risen, we do not think the positive liquidity story will outweigh the negative global…
7 Oct 2019