Publications /
Policy Brief

Back
Should Emerging Markets Worry About the Stock Market Correction?
Authors
February 20, 2018

The current market turmoil that began on Wall Street worries policy makers in emerging markets, who fear bad consequences on the economic expansion. Since the global economy’s fundamentals remain strong, this fear seem unjustified. However, there are some other risks originating in the United States, namely protectionism and fiscal deficits, which may significantly darken the economic outlook in 2019 and beyond.

RELATED CONTENT

  • September 24, 2020
    Profondément préoccupée par les niveaux alarmants de propagation et de sévérité du Coronavirus, l’Organisation mondiale de la Santé (OMS) annonce, le 11 mars 2020, que la Covid-19 a atteint le niveau de pandémie. Pour contenir la propagation du virus, la vie sociale et économique est pratiquement paralysée : Selon l’Agence internationale de l’Energie (AIE), environ un tiers de la population mondiale a fait l'objet de confinement complet ou partiel entre février et la mi-mai, et quas ...
  • September 23, 2020
    The United Nations (UN) General Assembly meets this week (Sept. 22-29) to celebrate its 75th anniversary and address significant global challenges. There is no shortage of them: a global pandemic, a devastating economic crisis, an unprecedented explosion in the number of refugees, and the beginning of a new normal of growing conflicts between the United States and China in the dispute for global hegemony. The circumstances are not very different from that problematic year – 1945 – ...
  • Authors
    September 22, 2020
    U.S. stock and corporate bond markets performed extraordinarily well from the March financial shock caused by covid-19 to the end of last month. Then, three consecutive weeks of decline in the three major stock market indexes have been followed this week by a global slump attributed to fears of new lockdowns. A period of disconnect of financial markets with the underlying real economy has culminated in a revelation of the former’s high dependency to Federal Reserve policies. Discon ...
  • Authors
    Sabine Cessou
    September 22, 2020
    « Passionate, Black, visionary » Ana Paula Barreto talks about serious matters with great calm, taking time to reflect before answering questions, from New York. Born in Jardim Angela, a poor area of São Paulo, considered as the most dangerous neighbourhood in the world by the United Nations in 1996, she remembers the violence of the favelas. She doesn’t want to reduce her childhood « in a joyful family » to « the ugly », but one of her strongest memories is seeing the bodies of pe ...
  • Authors
    September 21, 2020
    The right to self-determination was recently posited as one possible jus cogens norm. However, more than fifty years after jus cogens emerged in 1969, a standard test for identifying a norm as jus cogens has yet to be adopted. In 2019, the International Law Commission adopted the Draft Conclusions on jus cogens, together with the list of possible jus cogens norms . If the possibility of being shown to be false is not admitted when identifying a jus cogens norm, however, the identifi ...
  • September 18, 2020
    On assiste, ces derniers mois, à un rebond des cours de l'or, le portant vers de nouveaux sommets. L'analyse des cours de ce précieux métal depuis deux siècles montre une grande stabilité jusqu'en 1971, date de l'abandon de la convertibilité or /dollar par les Etats-Unis, mais aussi de son mouvement erratique depuis cette date. Soumise aux lois du marché, cette matière première voit son cours dépendre essentiellement de la demande. Evolution qui confirme cet actif comme valeur refug ...