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主な各カテゴリーの最近の掲載分から、日本語の概要を追加しています。原典のタイトルは原語のまま掲載し、未翻訳の概要は英語で表示します。
617 件
英語の概要です。日本語版は順次追加しています。
Remittances could offer less protection during a synchronized global shock than during a local downturn. Benjamin Hilgenstock, Elina Ribakova and Jonathan Fortun examine early 2020 evidence of slowing transfers as other foreign flows weakened. Their June assessment identifies Central America, the Caribbean, the Philippines and Egypt as particularly exposed.
論文を読む英語の概要です。日本語版は順次追加しています。
The return of portfolio investment to emerging markets remained tentative in May 2020. Jonathan Fortun reports $4.1 billion in overall inflows, with debt carrying most of the recovery. Equity investment outside China remained depressed, limiting the breadth of the rebound after the pandemic shock.
論文を読む英語の概要です。日本語版は順次追加しています。
The March 2020 capital flight hit emerging markets unevenly. Jonathan Fortun and Robin Brooks use newly available monthly balance of payments data to compare nonresident portfolio outflows against each country’s usual volatility. Brazil and India stand out among the hardest hit, while eastern European markets including Poland experienced less severe disruption.
論文を読む英語の概要です。日本語版は順次追加しています。
Emerging market bond purchases were much smaller than the extraordinary monetary expansion in advanced economies during May 2020. Jonathan Fortun and coauthors survey central banks with timely data and find limited support to government financing from these programs. They expected concerns about further currency depreciation to constrain the scale of emerging market quantitative easing.
論文を読む英語の概要です。日本語版は順次追加しています。
Emerging markets were beginning to stabilize after the record capital outflows of March 2020. Elina Ribakova, Jonathan Fortun, Robin Brooks and Sergi Lanau attributed the shift in sentiment to the Federal Reserve’s exceptional easing. Their daily flow tracking, combined with strong offshore issuance, indicated that nonresident portfolio flows had returned to positive territory in the second quarter as of the report’s May 7 publication.
論文を読む英語の概要です。日本語版は順次追加しています。
Widening fiscal deficits collided with limited external financing as the pandemic hit emerging markets. In May 2020, Jonathan Fortun and Sergi Lanau argued that private sector deleveraging would be unavoidable as scarce financial resources shifted toward funding public deficits. They identified South Africa as a particularly pronounced case, connecting the fiscal shock to the adjustment required in private balance sheets rather than treating government borrowing in isolation.
論文を読む英語の概要です。日本語版は順次追加しています。
The United States deployed a more forceful combination of fiscal support and central bank asset purchases than Japan or the euro area in the early pandemic response. This April 2020 comparison argued that the stronger US intervention could cushion the economic shock, while more conservative support elsewhere risked deeper recessions and slower recoveries. It presents that assessment as an outlook at the time, rather than a judgment based on subsequent outcomes.
論文を読む英語の概要です。日本語版は順次追加しています。
The dollar’s tendency to strengthen during crises gave the United States room for an exceptional fiscal and monetary response to COVID in April 2020. Jonathan Fortun and Robin Brooks contrast that advantage with emerging markets, where currency depreciation and rising bond yields constrained government action. They warned that limited policy space could compound the weak growth many emerging economies had already experienced before the pandemic.
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