Evergrande saga raises questions over global stability
Thursday 7 October 2021 – Vol.12 Ed.40.4
Commentary: Renminbi must depreciate following Evergrande fallout
By Freya Beamish in London
The collapse of Lehman Brothers helped trigger the global financial crisis. Evergrande is not a Lehman moment. But the web around Evergrande and other developers is complex, with holders of property assets peppered across the economy. Preventing distress from spreading will be difficult and decisive early action is paramount. The implication for international investors is that the renminbi must depreciate.
Read the full commentary on the website.
Meeting: Discussing the updated IMF World Economic Outlook and Global Financial Stability Report
Tuesday 19 October 16:30-17:30 BST
Following the IMF/World Bank fall meetings, OMFIF’s US chair, Mark Sobel, is joined by the IMF’s deputy director of the monetary and capital markets department, Fabio Natalucci, and director in the IMF’s strategy, policy, and review department, Petya Koeva Brooks. They discuss the fund’s latest Global Financial Stability Report and World Economic Outlook as well their own outlook for the global economy.
Register to attend here.