Entries for 'Balance of Payments'
November 22, 2022
China experienced unprecedented portfolio outflows in 2022H1, …
that started right when war in Ukraine broke out and persisted.
Our trackers point t...
August 3, 2022
Portfolio flows to EM stood at -$9.8 bn in July.
Equity and debt flows were -$1.0 bn and -$8.8 bn.
Chinese equities posted $3.5 bn in outflows.
June 14, 2022
Peru’s current account deficit printed above 5% of GDP in Q1, …
but we think the underlying external position is still quite healthy.
Net of FDI r...
May 31, 2022
We update our database of foreign flows to local-currency govies, …
where heterogeneity across EM is substantial since covid began.
Major EMs like...
May 3, 2022
EM ex China outflows since the war began are not unprecedented.
In contrast, outflows from China in Q1 were the largest on record, …
and were bro...
March 15, 2022
Argentina’s new program rolls over existing IMF credit, …
and doesn’t start amortizing in big amounts until 2027.
Rebuilding some reserve buffers...
February 22, 2022
Local banks funded large EM fiscal deficits in the covid crisis, …
at a time when foreign investors pulled out of the local market.
Local bond pur...
December 14, 2021
Very large sums are due to the IMF in the next two years, …
making a new IMF program unavoidable by next March.
We do not think that rollin...