Download PDF: Various quarantine measures imposed across EM countries to curb the spread of COVID-19 has put government, corporate and household at an unprecedented amount of pressure. Unlike in U.S. and Europe, where outsized government fiscal stimulus is being rolled-out to help consumers and corporates to weather liquidity pressure during the lockdown period, the responsesContinue reading “Assessing the Risk in EM Countries”
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LATAM Countries Revisited
Download PDF: LATAM Countries Revisited PC Argentina The Fernandez government is taking a hard stance on the debt renegotiation, postponing interest payment until 2023 and forcing a 5-12% haircut on the bond principal value. The “Globales” bond’s principal under restructuring amounts to 6.7% GDP and its annual interest expense close to 0.4% GDP. The keyContinue reading “LATAM Countries Revisited”
An Overview of Russia: Oil, External Risk and The Banking Sector
Download PDF: The Linkage between Oil Price and The Russian Economy There is little sign that Russian economy is diversifying from energy production and exports in the last 20 years. The direct link and trickle-down effect of higher/lower oil prices to the economy result in an economy that is highly correlated with the global economicContinue reading “An Overview of Russia: Oil, External Risk and The Banking Sector”
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