Outflows from China on the scale and intensity we are seeing are unprecedented. This appears to be due in part to markets viewing China in a new ligh...

In this report we highlight the potential fallout to the global economy of a wider, prolonged, war in the Middle East. We focus on two scenarios, and see how each scenario affects commodity prices, trade disruption, and global inflation and growth.

The resurgence of geopolitical blocs has coincided with a significant increase in regional conflicts over the past decade while contributing to stagnation in international trade and capital flows—and delays in sovereign debt workouts.

Recent Fed speak suggests that rate cuts will take further time… citing the need for more patience and “clarity” on the data. This GMV goes over the...

Portfolio flows to EM stood at $35.7 bn in January. Equity and debt flows were -$6.9 bn and $42.7 bn. Chinese equities posted $3.2 bn in outflows.

The January 2024 edition of the Global Regulatory Update provides targeted updates on current workstreams and events.

This briefing note discusses regimes for stablecoin issuers in the European Union, Dubai, and Singapore, and recently proposed regimes in the United Kingdom and the Hong Kong Special Administrative Region, noting that the level of divergence between these new regimes prompts concerns.

This week’s Developments considers changes in data sharing frameworks, such as the EU’s Common European Data Spaces initiative and Hong Kong’s push toward Open Finance, highlighting that while some advancements in effective data sharing policies have been made, more coordinated work is needed.

The ESG-labelled debt universe grew by 25% in 2023, nearing $6 trillion. However, this is still less than 2% of the global debt universe—policy support, including from the G20 Brazil Presidency, could support substantial market expansion.

Edition of the Digital Finance Download covering January 2024. A monthly update of significant developments in digital finance around the globe

We believe Beijing still has the policy capacity to push China’s economy towards its growth potential. Though maintaining our above-consensus forecast for 2024 growth at 5.0%, we also caution the downside risk if the demand-side stimulus is inadequate.

Policy changes made by President Tinubu last year were deemed necessary, but acceleration and greater cohesion of orthodox policies across the board are needed. Continued devaluations, without appropriate policies, are most likely a fool’s game.

IIF Digital Finance submitted a letter to the Committee on Payments and Market Infrastructures (CPMI) concerning industry initiatives underway that contribute to the G20’s objectives of faster, cheaper and more transparent and inclusive cross-border payments.

Recent readings suggest a cooling down in inflation … which implies that the BoJ would time its pivot more carefully. Wage negotiations will be key ...