Breakingviews

Rob Cox: Fragility bigger worry than volatility

October 21, 2014

Recent rollercoaster markets are a symptom of a more concerning malady. They reflect the shock accompanying recognition that widely accepted assumptions about everything from monetary policy to geopolitics, and even the state of global health, are dangerously flimsy.

Emerging markets’ foreign debt is no time bomb

September 18, 2013

Companies and banks in developing countries have borrowed almost $6 trillion from foreign lenders, a 50 percent jump in four years. But unlike the 1990s, a big chunk of this debt is from local subsidiaries - and in local currencies. That lowers the risk of a funding crunch.