Since the 1990s portfolio debt flows to EM have increased by factor of 10 and volatility has surged as well. Frm Gr… https://t.co/bWo0j4upTl
"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