‘Submerging markets’ pose global threat, In conversation with Mark Sobel and Amias Gerety
Commentary: ‘Submerging markets’ pose global threat
By Desmond Lachman in Washington
Renewed currency weakness in Argentina and Turkey underlines the risks that emerging markets, or rather ‘submerging markets’, could pose to the global economic recovery. Fortunately, given their relatively small size, the Argentine and Turkish economies cannot by themselves constitute a significant threat. The same, however, might not be said of Brazil and Mexico. Both these countries appear vulnerable to crisis in the light of the seemingly shaky economic stewardship of their respective new presidents.
Read the full commentary on the website.
Podcast: In conversation with Amias Gerety
Mark Sobel, US chairman of OMFIF, speaks with Amias Gerety, partner at QED Investors and former acting assistant secretary for financial institutions at the US Department of the Treasury, about US macroprudential policy.
They focus on the Financial Stability Oversight Council, including its role in the wider economy and its implications for both bank and non-bank actors.
Listen to the recording, or search for OMFIF on your smartphone’s podcast app.