Elina Ribakova, Discover and Read the Best of Twitter Threads by @elinaribakova

Elina Ribakova

elinaribakova

1/ Extremely important lesson. Even if many emerging markets have developed local bond curves they are still exposed to swings in global financial cycles. This time dependent on $US, not

1/ IMF as lender of last resort @KGeorgieva commented today that "we are discussing a new short-term liquidity line for countries with strong policies." Some of emerging economies already have

1/ Bold and appropriate move. South Africa’s @SAReserveBank cuts 100bps at an emergency meeting. Next meeting on 21 ‘May is still on. Inflation is subdued, real rate still positive at

1/ Fantastic work by @HyunSongShin on how moving away from original sin @upanizza doesn’t solve all problems as large foreign ownership of local debt still links them into global financial

1/ #COVID19 “upends the wisdom about remittances being very stable” “The countries where migrant workers are temporarily based are experiencing a big crisis, and many of them are in the

What are the risks in #EmergingMarkets? 1/ Domestic financial conditions depend as much on global financial cycles as domestic monetary policy even with flexible FX.https://twitter.com/elinaribakova/status/1246244018301927428 2/ It can