2 May 2021 Asia has a vital role to play in mitigating the global risks of climate change. Indeed, the region accounts for over 50% of world-wide CO2 emissions (and 44% of energy consumption). Of course, China and India are the world's #1 and #3 GHG emitters. These two giants are responsible for 70% of [...]
15 April 2021 The Russian ruble (RUB) -- traditionally a petro-currency -- has not benefited from the recent rise in oil prices. Indeed, during the recent bout of Emerging Market currency volatility -- provoked by a combination of rising US bond yields and problems in Turkey -- the Russian central bank (CBR) raised interest rates [...]
8 April 2021 In the climate model I unveiled last year, I rated 90 countries' vulnerability to climate change. The United States ranked a disappointing #20 (my blog "Climate Change: Who's Preparing, Who's Not" can found be on my website). President Biden intends to change that. Indeed, spending to mitigate the impact of rising global [...]
26 March 2021 President Erdogan's decision to sack Turkey's central bank governor Naci Agbal last week following the CBRT's decision to raise interest rates 200bp has increased volatility in EM currency markets. Is this just the latest episode of Turkish political intrigue? Alternatively, given both Brazil and Russia also lifted key rates, has a more [...]