About this work
Improving global growth signals and a more accommodative Federal Reserve did not translate into a uniform emerging market currency or capital flow rebound in early 2019. The report attributes that gap to heavy investor positioning accumulated during a decade of loose monetary policy in the major economies. It therefore raised its 2019 nonresident inflow forecast only modestly, to $1,260 billion from $1,135 billion in 2018.
Abstract
Improving global growth signals and a more accommodative Federal Reserve did not translate into a uniform emerging market currency or capital flow rebound in early 2019. The report attributes that gap to heavy investor positioning accumulated during a decade of loose monetary policy in the major economies. It therefore raised its 2019 nonresident inflow forecast only modestly, to $1,260 billion from $1,135 billion in 2018.
Cite this work
Benjamin Hilgenstock, Boban Markovic, Garbis Iradian, Gene Ma, Gregory Basile, Jonah Rosenthal, Jonathan Fortun, María Paola Figueroa, Martín Castellano, Phoebe Feng, Reza Siregar, Robin Brooks, Sergi Lanau, Tariq Khan, Ugras Ulku, Yuanliu Hu (2019). April 2019 Capital Flows to Emerging Markets. Institute of International Finance.