EBRD blog European Bank for Reconstruction and Development

Tag: IFI

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 dismaying.… Read more

BIS data on cross-border flows – a closer look

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