"Cast your mind back to another world"
As we reach the 20th anniversary of the fall of communism, Larry Sherwin reflects on the events of 1989
It was Russian business executive Alexei Mordashov who put it succinctly, jarring my own memory of the bad old days. At …
The "invisible hand" of advanced country central banks in emerging markets
We all know that most emerging market economies have limited policy room to deliver massive counter-cyclical crisis response. This affects their risk perception, investor confidence, and capital inflows. Indeed, most emerging markets have limited fiscal space (except for those with …
In defense of foreign banks
‘Banker’ has recently become somewhat of a dirty word and ‘foreign banker’ a most reviled sub-species. Over the last months foreign banks have, amongst other things, been accused of abandoning some of the emerging markets that have contributed so much …
The EBRD's new growth forecasts: "bearish", or turning point?
Following the release of our latest growth forecasts for the EBRD countries of operations on Thursday, Reuters reported that emerging European currencies had retreated on “bearish EBRD forecasts.”
As the creators of these forecasts, we found this both flattering and …
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