Banks are under pressure to reform conventional business models with rising non-performing loans and slowing profit growth. Strong competition for dep
*Rising tide floats all boats-but for how long? *EM flows surge after dovish ECB, weak payrolls *Global Economic Monitor-still looking for lift *China
The Chinese bond market has grown quickly and is expected to deepen further and become increasingly diversified. The recent opening of the bond market
Renewed enthusiasm for risk assets' Fed leans cautious EM corporates shift toward more local currency borrowing China-weak activity points towards mor
1. It gets worse: This week has seen a surge in risk aversion. Rising concerns have been reflected in a further sh
Asian economic growth has slowed markedly, but even more worrisome is the collapse in Asian trade. Our analysis suggests the changes depressing Asian
Our ma
Stock price slump brings valuations closer to fundamentals No respite for emerging market capital flows Dovish ECB hints at March move China-growth mo
Net capital outflows from emerging markets in 2015 were even larger than we previously thought. The bulk of these outflows relate to China, driven in
Markets reassess 2016 prospects Spotlight on FX pegs Renewed oil price slump clouds outlook for producers EM Growth Tracker shows small rebound in Dec
1.' Markets fasten seatbelts: ' The relative calm that prevailed just after Fed liftoff has abruptly dissipated as China's market t
Chinese markets have had a rough start to the year, triggered by further' disappointing business sentiment reports and sustained uncertainty about gov
Will the Force be with the markets? Fed achieves smooth liftoff High-yield sector-blinking first? China-a policy induced pick-up Argentina-bold steps
With China's Fifth Plenum in focus this week, a key topic is promoting the international use of the renminbi. Internationalization has surged in recen
The official rhetoric is that the easing cycle will remain gradual and cautious. We think the easing will be bold and broad-based. The official rhetor
A rapidly slowing economy has prompted the government to reinforce policy easing using monetary, fiscal and administrative measures. Further broad-bas
2015 has not started as well as hoped. Activity data have disappointed in Q1 and business confidence has deteriorated. The IIF again revised down its
China-Growth Momentum Remains Tepid Oil boon fuels EM monetary easing Ukraine-looking for more help iif_we
Russia: a perfect storm China: Looking Towards 2015 Greece-Electoral Jitters