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 dismaying.… Read more
Authors: Piroska Nagy (-7149) and Stephan Knobloch (-7065), 5 May 2009.
New BIS data for the last quarter of 2008 show that BIS-reporting banks significantly reduced their asset holdings across major regions of the world. While in absolute terms most of the reduction took place in advanced countries, in relative terms, emerging markets were hit harder.… Read more
