Institute of International Finance / April 7, 2020
GMV – FX Valuations in the COVID-19 Shock
Robin Brooks · Jonathan Fortun
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About this work
Explains why a pandemic-induced change in financing conditions alters the interpretation of emerging-market currency valuations.
This IIF Global Macro Views note considers exchange-rate valuation when markets become less willing to finance current-account deficits. The institutional report remains available through its external source.
Cite this work
Robin Brooks, Jonathan Fortun (2020). GMV – FX Valuations in the COVID-19 Shock. Institute of International Finance.
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Capital flows explained: how cross border investment is measured, what drives emerging market flows, and Jonathan Fortun’s research on currencies and financing conditions.
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How money, financial systems and policy shape economic activity, and how we measure the forces beneath the surface.
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