Climate change poses a common and potentially overwhelmingmacrofinancial risk for all SEACEN member countries.Michael D. Patra, Deputy Governor, Reserve Bank of India, 15 February 2024 Introduction Many SEACEN economies are acutely vulnerable to natural disasters and the broader impact of climate change. Figure 1 illustrates the mean temperature and precipitation change within the last century […]
Author Archives: Victor Pontines
Macroeconomics and Monetary Policy
Dollar Strength and its Implications for Emerging Market Capital Flows – A Macro-Financial Perspective
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May
May
Predominance of the US dollar (USD) funding market, notably post Great Financial Crisis (GFC), has reinforced the macro financial linkages between global financial conditions and capital flows to emerging markets (EM). A stronger dollar is linked to tighter global financial conditions and higher tail risk for EM capital flow withdrawal – the financial risk […]