Emerging bonds, stocks ex-China suffer first outflow in Aug since March 2020-IIF
Fortun assesses the return of foreign outflows from emerging-market assets outside China and the risks posed by global policy changes.
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Fortun assesses the return of foreign outflows from emerging-market assets outside China and the risks posed by global policy changes.
View detailsThe note summarizes an unattributed DataTalk discussion of data valuation, including common methodologies, business context and cross-border data flows.
Read the workFortun warns that Federal Reserve tapering could tighten global financial conditions, while judging contagion risks less severe than in earlier emerging-market sell-offs.
View detailsWho absorbed the surge in government borrowing during the pandemic? Robin Brooks, Jonathan Fortun and Jonathan Pingle divide demand for 2020 G10 debt issuance among central banks, foreign investors and other buyers. Their August 2021 comparison finds substantial private demand in the United States and Canada, contrasting with reliance on ECB purchases in the euro periphery and more constrained fiscal room there.
Read the workLow government bond yields can overstate the fiscal room available after a crisis. Drawing on emerging market experience, this August 2021 analysis defines fiscal space through access to investors willing to absorb new debt at low yields. It argues that deteriorating market access during the pandemic also affected advanced economies, complicating the case for more deficit spending based on yields alone.
Read the workCNN Brasil published this Portuguese article on 2021-08-03. It mentions Jonathan Fortun in an IIF economics context. Read the original source for the complete reporting.
View detailsFortun discusses emerging-market debt issuance and exposure to a possible reduction in Federal Reserve stimulus while equity flows weakened.
View detailsFortun comments on foreign withdrawals from Chinese equities following regulatory action against technology and education companies.
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