The EM outflows may have halted but the money is not coming back. twitter.com/RobinBrooksIIF…
"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