In past EM dependence on $funding has come with the sweetener of steady US import demand. The current US policy mix… https://t.co/I0XYt7hXTJ
"Unlike businesses, central banks are designed to make money only in the most literal sense." Cracking opening line from Augustin
"Unlike businesses, central banks are designed to make money only in the most literal sense." Cracking opening line from Augustin Cartens @BIS_org op-ed in @FT