研究から広がる視点と考察。
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。
922 件
英語の概要です。日本語版は順次追加しています。
Fortun links September withdrawals from emerging-market portfolios to higher sovereign yields and expectations that interest rates would stay elevated. The Reuters report separates continued Chinese debt outflows from flows into other developing economies.
詳細を見る英語の概要です。日本語版は順次追加しています。
China’s exchange rate signals in September 2023 appeared at odds with its interest in avoiding another destabilizing devaluation. Robin Brooks, Gene Ma and Jonathan Fortun argue that allowing the renminbi to trade near the weak edge of its band encouraged expectations of a currency adjustment. They interpret much of China’s weakness as a reversal of pandemic spending patterns, rather than a reason to repeat the capital flight associated with 2015.
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。
Fortun relates record Chinese equity outflows to weak sentiment about China's economic challenges and skepticism toward measures to support growth.
詳細を見る英語の概要です。日本語版は順次追加しています。
Chinese equities drove emerging market portfolio withdrawals in August 2023 as disappointment over growth and policy support unsettled investors. Jonathan Fortun links the outflows to doubts about China’s recovery, while explaining why lower currency volatility continued to attract foreign investors to local debt markets outside China.
詳細を見る英語の概要です。日本語版は順次追加しています。
Fortun examines foreign withdrawals from Chinese stocks and the resulting weakness in overall emerging-market portfolio flows.
詳細を見る英語の概要です。日本語版は順次追加しています。
Fortun explains how lower currency volatility increased the appeal of emerging-market debt as Chinese bonds recorded their first monthly foreign inflow of 2023. He also identifies elections and regional risks that could interrupt the improvement.
詳細を見る英語の概要です。日本語版は順次追加しています。
US inflation was looking more like a fading supply shock than a persistent excess demand problem in this August 2023 assessment. Jonathan Fortun and Robin Brooks revisit their view that price pressures had narrowed since mid 2022 and interpret the early 2023 pickup as annual price resets. They argue that more modest underlying inflation could allow faster and larger Federal Reserve rate cuts than markets then anticipated.
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。
Do currency devaluations actually lift exports? Robin Brooks and Jonathan Fortun examine large, persistent depreciations since 1990 across advanced and emerging economies. Their July 2023 analysis finds an early increase in export volumes and a shift from external deficits toward surpluses, challenging the view that dollar invoicing prevents a meaningful trade response.
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