Argentina’s currency crisis and turn to the IMF for financial support have raised questions about how much ammunition EMs’ foreign exchange reserves provide. On the broadest measure of external...

Oil price movements have big effects on individual economies, companies and assets. But we suspect that their impact on aggregate global demand is smaller now than it was a decade or two ago. This is...

In March, broad money growth slowed a bit in the euro-zone, UK and Japan. Indeed, in the euro-zone it dropped to its slowest rate since the ECB started its Asset Purchase Programme in early 2015...

The current troubles in Argentina and Turkey are not the start of a systemic emerging markets crisis, but we do think that EM growth will slow this year. With a US-led slowdown in advanced economies...