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Publications
Restoring Financing and Growth to Europe's SMEs
October 10, 2013
SMEs in Europe have been hard hit by Europe's economic difficulties and have seen major declines in financing since 2008. To promote better understand
Emerging Europe: Rising Challenges to Growth
October 8, 2013
Regional growth has slowed sharply, with growing divergence among countries. Growth has lagged in the EU5, but resilience to shocks has improved thank
2013 PCG Report on Implementation of the Principles
October 7, 2013
The uneven growth trends between mature and emerging market economies in recent years and the unprecedented quantitative easing and other unconvention...
Structural Challenges to Emerging Market Growth
October 7, 2013
Emerging markets are experiencing a broad-based slowing of growth which contrasts with the gradual pick-up of advanced economy growth momentum. This w
Structural Challenges to Emerging Market Growth
October 7, 2013
Emerging markets are experiencing a broad-based slowing of growth which contrasts with the gradual pick-up of advanced economy growth momentum. This w
2013 October Capital Flows to Emerging Market Economies
October 7, 2013
Capital flows to emerging economies have seen a sharp retrenchment since mid-May 2013, prompted in part by a shift in market expectations towards an e
IIF Response to the CPSS-IOSCO Report on FMI Recovery and Resolution
October 3, 2013
On September 28, 2012, the IIF's Cross-Border Resolution Working Group, Infrastructure Working Group, and the Special Committee on Effective Regulatio
Morocco: Resilient Financial System, But Faces Challenges
October 2, 2013
The financial sector has remained resilient, including to the recent financial turmoil in the Euro Area. Progress has been made in adopting internatio
Mexico: Lifting Trend Growth
October 1, 2013
Sound policies have allowed Mexico to weather increased global volatility and provide policy support to the economy. We forecast real GDP growth to ac
Brazil: Riding the Currency Roller Coaster
September 23, 2013
Policy has responded aggressively to currency pressures to stem depreciation of the real and contain inflation. Monetary policy has been further tight
Poland: Yield Curve Steepens Amid Gradual Recovery
September 19, 2013
Financial market pressures have intensified in Poland recently despite a much-improved economic outlook. Real GDP is likely to grow by 2% by the end o
Tanzania: Nonconcessional Funding Adds to Vulnerabilities
September 19, 2013
Tanzania has gained access to international markets, but rising reliance on nonconcessional funding with a persistent deficit raises concerns. In the
September 2013 Global Economic Monitor
September 17, 2013
Activity has continued to strengthen in the advanced economies, but differences across the EM world remain prominent. Those EMs that are closely integ
Venezuela: Struggling to Stay Afloat
September 10, 2013
President Nicolás Maduro is struggling to boost growth and stem inflation. With very limited policy scope, we expect the government to devalue the bo
Five Years After the Crisis
September 10, 2013
The five years since the global financial crisis has witnessed a striking divergence in performance between advanced economies and the emerging market
Euro Area: High Unemployment Likely to Linger
September 5, 2013
The good news: Euro Area unemployment fell for the first time in two years in June-July. The bad news: Unemployment is likely to decline only very gra
Nigeria: Fiscal Policy Challenges and Complexities
September 5, 2013
Despite its substantial oil wealth, Nigeria has recorded federal budget deficits for the past four years. Our projections suggest that the deficit wil
Turkey: Growth Set to Slow as Confidence Weakens
September 3, 2013
Large macroeconomic imbalances and increased political tensions have left Turkey among the hardest hit emerging markets as global market sentiment wor
Argentina: A Never Ending Saga
September 3, 2013
The U.S. Court of Appeals has reaffirmed the verdict of a lower court regarding payment to holdout creditors. It has, however, stayed its ruling pendi
Jordan: Challenges Remain to Narrow the Large Twin Deficits
August 29, 2013
The turmoil in the region has aggravated the twin deficits in 2012. The removal of fuel subsidies combined with a surge in grants will narrow the fisc
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