Category Archives: Macroeconmics

Emerging markets uncertainty

Last week Gavyn Davies reported in a summary of his debate on emerging markets with three prominent economists: Maurice Obstfeld (USC-Berkeley), Alan M. Taylor (UC-Davis), and Dominic Wilson (Co-Head of Global Economics, Goldman Sachs) – the “panel”. In summary (read full transcript here), the panel finds much vulnerability in the emerging markets (EMs). What’s more, any significant upset in the EMs might ┬ábackfire into developed markets (DMs) instabilities via external sector and commodity prices imbalances. Continue reading