the articles & research center news
A more challenging global financial environment is putting pressure on EM risky assets with particular impact in some segments (Local Currency) / EM Markets are still very dependent not only on global financial conditions but even on global demand. / EM Monetary Policy is shifting towards a tighter stance further penalising domestic economic cycles / External vulnerability has reduced in the years but the conditions are very heterogeneous among different countries / Three cases of vulnerability: Brazil, Turkey and Argentina
Alessia BERARDI, Karine HERVE, Sosi VARTANESYAN
In just a few days, investors have shifted from perhaps excessive complacency to excess pessimism about Italian politics. Volatility is likely to remain for some time, as Italy is entering into unknown territory in terms of governance, which is perhaps worth a specific political risk premium.
Annalisa USARDI, Didier BOROWSKI