A Call for Vigilance After a Strong Year for Risky Assets

2021-05-13T12:56:12-04:00January 28, 2020|

By Tobias Adrian and Fabio Natalucci

عربي, 中文, Español, Français

While we have seen some recent volatility, many risky asset markets around the world had a spectacular year in 2019. Equity market indices were up just over 30 percent in the United States, close to 25 percent in Europe and China, and over 15 percent in emerging markets and Japan. Emerging-market sovereign debt, U.S. high-yield debt, and emerging-market corporate debt all had returns in excess of 12 percent. Remarkably, the fourth quarter of 2019 was […]

The IMF 30 Years After Brady

2019-04-29T11:04:47-04:00April 11, 2019|

By Rhoda Weeks-Brown and Martin Mühleisen

Español, Português

Last month marked the 30th anniversary of the announcement of the “Brady plan”. In response to the 1980s Latin American debt crisis, this plan, named after then US Treasury Secretary Nicholas Brady, allowed countries to exchange their commercial bank loans for bonds backed by US Treasuries, bringing an end to a tumultuous period with possible systemic consequences for the global banking system at the time. […]

5 Charts That Explain the Global Economy in 2018

2019-03-04T14:59:50-05:00December 20, 2018|

By Oya Celasun, Gian Maria Milesi-Ferretti, and Maurice Obstfeld

December 20, 2018

عربي中文, EspañolFrançais, 日本語, Português, Русский

The global economy started 2018 on a positive note but the momentum lost steam (photo: scyther5/iStock)

  1. The global economy started 2018 on an upbeat note, buoyed by a pickup in global manufacturing and trade through 2017. […]

An Imbalance in Global Banks’ Dollar Funding

2019-03-14T10:32:01-04:00June 12, 2018|

By John Caparusso, Yingyuan Chen, Hideo Hashimoto, David Jones, Will Kerry and Aki Yokoyama

June 12, 2018

Versions in Español, DeutscheFrançais, 日本語Português

The US Treasury is issuing more T-bills, potentially putting upward pressure on the interest rates non-US banks must pay for short-term dollar funding (photo: Jennifer Hack/KRT/Newscom)

For companies and investors outside the […]

How Policy Makers Can Better Predict a Downturn – and Prepare

2019-03-15T14:49:03-04:00October 3, 2017|

By Claudio Raddatz and Jay Surti

October 3, 2017

Versions in  عربي (Arabic) ,  (Chinese), Español (Spanish), Français (French),日本語  (Japanese),  Русский (Russian)

A trading floor in Singapore. Financial conditions provide valuable clues to the economic outlook and can improve the accuracy of forecasts (photo: Caro/Oberhaeuser/Newscom).

The global financial crisis showed that periods of robust growth and seeming calm in financial markets can be […]

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