Emerging Market Crisis Series

Emerging Market Crisis Series

S&P issues fresh warning on emerging market sovereign downgrades

Oct 04, 2016 14:35 pm UTC| Commentary

Ratings firm Standard and Poors (SP) issued fresh warning on emerging market sovereign downgrades on Monday. Emerging market sovereigns face rising risks to their credit quality despite still strong foreign investment...

Emerging Market Crisis Series

Reserve Bank independence: sobering lessons from India and South Africa

Sep 15, 2016 00:52 am UTC| Insights & Views Central Banks

Two BRICS member countries, India and South Africa, have recently experienced rather unedifying episodes related to the leadership of their central banks. Raghuram Rajan, the governor of the Reserve Bank of India, was...

Emerging Market Crisis Series

South Africa is Africa's largest economy (again). But what does it mean?

Aug 12, 2016 09:13 am UTC| Insights & Views Economy

South Africa has toppled Nigeria and reclaimed its status as the largest economy in Africa. This comes two years after Nigeria rebased its GDP calculation and advanced to the top spot. South Africa was also temporarily...

Emerging Market Crisis Series

Moody's: India's GDP growth challenged by lackluster global demand, high leverage

Jul 05, 2016 08:09 am UTC| Research & Analysis

Moodys Investors Service says that Indias (Baa3 positive) GDP growth over the next two years will be challenged by lackluster global demand and high leverage in some corporate sectors. Growth will be adversely affected...

Emerging Market Crisis Series

Additional fiscal easing to counter adverse effect of Brexit on South Korea

Jul 04, 2016 12:48 pm UTC| Commentary Economy

The South Korean economy is unlikely to be impacted significantly by the likelyoutcome of Brexit vote. First and foremost, the country does not have a strong trade linkagewith the euro area and/or with the UK. Last year,...

Emerging Market Crisis Series

Brazil’s credit growth likely to have decelerated in May; trend to continue throughout 2016

Jun 27, 2016 10:05 am UTC| Commentary Economy

In 2016, Brazils outstanding credit has fallen in each month and is likely to have continued with the trend in May. Outstanding credit is expected to have dropped 0.1 percent m/m to BRL 3.140 billion, said Societe Generale...

Emerging Market Crisis Series

South Korea finance minister and BoK governor caution against rising economic uncertainties

Jun 23, 2016 07:04 am UTC| Commentary Economy Central Banks

The finance minister of South Korea, Yoo Il-ho, mentioned on Wednesday that the economic scenario of the country is likely to deteriorate in the second half of 2016 given the volatile financial markets of China, UKs EU...