Amer Bisat
abisat
1/7. Warning: a geeky thread on #EmergingMarkets “original sin”. There is a seemingly unanimous view that local currency borrowing lessens EM vulnerabilities and allows countries to engage in counter-cyclical policies.
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1/5. Some thoughts on the #COVID19 economic shock. The magnitude (and synchronicity) of the collapse is enormous. Global Q2 GDP could be down by as much as 20% (annualized). $6
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Some thoughts on #EmergingMarkets FX. @RobinBrooksIIF has been making a compelling case for letting EM FX play the role of (Corona) shock absorber. The alternative—the “real economy” adjusting instead—
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