KUALA LUMPUR: Kudos to the heroic pilots of Singapore Airlines flight SQ321 whose swift action saved 228 people on board when a severe turbulence hit the flight, but the horrific incident has renewed the focus on safety and serves as a chilling reminder for passengers to keep their seatbelts on.
ClearBridge Value Equity Strategy Q4 2023 Portfolio Manager Commentary seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
Gaston Gelos, Lucyna Gornicka, Robin Koepke, Ratna Sahay, Silvia Sgherri
Gyrations in capital flows resurfaced in the wake of the Covid-19 crisis, and most emerging market economies (EMEs) saw significant outflows in the immediate aftermath of the shock (Corsetti and Marin 2020). Yet, financial turmoil proved to be short lived. Capital flows rebounded later in 2020, although not all EMEs benefitted equally. What might explain the resilience of EMEs to the shock and the nuanced rebound in flows this time around? A new report by the Committee on the Global Financial System (CGFS 2021) looks at some key trends and the underlying drivers of capital flows since the Global Crisis of 2007-09, including the related policy trade-offs and tools. The report builds on new empirical analyses, an extensive literature review, a survey of central banks, and roundtable discussions with academics and market participants.