The shock to EM funding in 2020 was grievous. Unlike in 2008 it did not provoke a financial crisis. One of key reasons is macrofinancial reduction in foreign exposure (both on funding and lending side) captured by Mathias Lahnsteiner of @oenb
ideas.repec.org/a/onb/oenbfi/y… https://t.co/vDRb4p6LNY
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…