About this work
Emerging economies entered the Ukraine war with stronger external buffers than in several earlier global shocks. Jonathan Fortun and Sergi Lanau compare current accounts, export performance and reserves against financing needs. Their March 2022 assessment anticipates wider deficits for commodity importers such as India, while distinguishing those pressures from the vulnerabilities preceding the 2013 taper tantrum.
Abstract
Emerging economies entered the Ukraine war with stronger external buffers than in several earlier global shocks. Jonathan Fortun and Sergi Lanau compare current accounts, export performance and reserves against financing needs. Their March 2022 assessment anticipates wider deficits for commodity importers such as India, while distinguishing those pressures from the vulnerabilities preceding the 2013 taper tantrum.
Cite this work
Jonathan Fortun, Sergi Lanau (2022). Economic Views: EM Vulnerability to War in Ukraine. Institute of International Finance.