[vc_row css=”.vc_custom_1480746740899{margin-top: 100px !important;}”][vc_column][mk_revslider id=”home_bn”][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space][/vc_column][/vc_row][vc_row css=”.vc_custom_1481528399383{margin-right: 30px !important;margin-left: 30px !important;padding-bottom: 20px !important;background-color: #ffffff !important;}”][vc_column width=”1/3″ css=”.vc_custom_1481528233893{padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;}”][vc_single_image image=”6367″ img_size=”400×400″][vc_custom_heading text=”Deep Dive: The Fragile 1.5″ font_container=”tag:h2|font_size:16|text_align:left|color:%23000000″ google_fonts=”font_family:Roboto%20Slab%3A100%2C300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal” link=”|||” css=”.vc_custom_1509174669260{margin-right: 10px !important;margin-left: 10px !important;}”][vc_custom_heading text=”July 13, 2017″ font_container=”tag:div|font_size:12|text_align:left” use_theme_fonts=”yes” link=”|||” css=”.vc_custom_1509174681026{margin-right: 10px !important;margin-left: 10px !important;}”][mk_padding_divider size=”10″][vc_custom_heading text=”The Fragile 5 were an investor’s nightmare while the Fragile 1.5 are an opportunity. But EM is not a swimming pool with risks spread evenly. Our ‘Risk-Map’ differentiates between four types of risks: structural, cyclical, quality of growth and policy and political. ” font_container=”tag:div|font_size:14|text_align:left” use_theme_fonts=”yes” link=”|||” css=”.vc_custom_1509174693710{margin-right: 10px !important;margin-left: 10px !important;}”][/vc_column][vc_column width=”1/3″ css=”.vc_custom_1481528244926{padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;}”][vc_single_image image=”6231″ img_size=”400×400″][vc_custom_heading text=”The BaroEMeter: Don’t Fight the Feds” font_container=”tag:h2|font_size:16|text_align:left|color:%23000000″ google_fonts=”font_family:Roboto%20Slab%3A100%2C300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal” link=”|||” css=”.vc_custom_1509174744894{margin-right: 10px !important;margin-left: 10px !important;}”][vc_custom_heading text=”July 21, 2017″ font_container=”tag:div|font_size:12|text_align:left” use_theme_fonts=”yes” link=”|||” css=”.vc_custom_1509174756117{margin-right: 10px !important;margin-left: 10px !important;}”][mk_padding_divider size=”10″][vc_custom_heading text=”Who knew tennis and EM economics had so much in common? While Roger Federer has won his 8th Wimbledon title and 19th Grand Slam in total without dropping a set, the EM asset class has mirrored Fed’s impressive numbers thanks to addressing its excesses and benign external conditions. But are all EM’s ready for a more sustained rise in yields on the back of more synchronised global expansion? ” font_container=”tag:div|font_size:14|text_align:left” use_theme_fonts=”yes” link=”|||” css=”.vc_custom_1509174767072{margin-right: 10px !important;margin-left: 10px !important;}”][/vc_column][vc_column width=”1/3″ css=”.vc_custom_1483970847773{padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;}”][vc_single_image image=”6372″ img_size=”400×400″][vc_custom_heading text=”Has Old China Really Finished its Hard Landing?” font_container=”tag:h2|font_size:16|text_align:left|color:%23000000″ google_fonts=”font_family:Roboto%20Slab%3A100%2C300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal” link=”|||” css=”.vc_custom_1509174802373{margin-right: 10px !important;margin-left: 10px !important;}”][vc_custom_heading text=”July 28, 2017″ font_container=”tag:div|font_size:12|text_align:left” use_theme_fonts=”yes” link=”|||” css=”.vc_custom_1509174813430{margin-right: 10px !important;margin-left: 10px !important;}”][mk_padding_divider size=”10″][vc_custom_heading text=”We think so but what if we are wrong? Are there any smoking guns in Old China economy, its policy mix or in EM – was it China that drive the EM revival?” font_container=”tag:div|font_size:14|text_align:left” use_theme_fonts=”yes” link=”|||” css=”.vc_custom_1509174848746{margin-right: 10px !important;margin-left: 10px !important;}”][/vc_column][/vc_row][vc_row css=”.vc_custom_1481528399383{margin-right: 30px !important;margin-left: 30px !important;padding-bottom: 20px !important;background-color: #ffffff !important;}”][vc_column width=”1/3″ css=”.vc_custom_1481528233893{padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;}”][vc_single_image image=”6368″ img_size=”400×400″][vc_custom_heading text=”The Headstart: Our BIS Working Paper on Demographics” font_container=”tag:h2|font_size:16|text_align:left|color:%23000000″ google_fonts=”font_family:Roboto%20Slab%3A100%2C300%2Cregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal” link=”|||” css=”.vc_custom_1509174993840{margin-right: 10px !important;margin-left: 10px !important;}”][vc_custom_heading text=”August 13, 2017″ font_container=”tag:div|font_size:12|text_align:left” use_theme_fonts=”yes” link=”|||” css=”.vc_custom_1509175005149{margin-right: 10px !important;margin-left: 10px !important;}”][mk_padding_divider size=”10″][vc_custom_heading text=”The demographic sweet spot is turning sour. Ageing will reverse all three trends: real interest rates, wage growth and inflation while inequality will fall endogenously.” font_container=”tag:div|font_size:14|text_align:left” use_theme_fonts=”yes” link=”|||” css=”.vc_custom_1509175017746{margin-right: 10px !important;margin-left: 10px !important;}”][/vc_column][vc_column width=”1/3″ css=”.vc_custom_1481528244926{padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;}”][/vc_column][vc_column width=”1/3″ css=”.vc_custom_1483970847773{padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;}”][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height=”70px”][/vc_column][/vc_row]