currencies

The Russian economy is barely growing. The Russian central bank has no intention of supporting the ruble. We are also seeing some spillover from the Ukrainian mess.

There have been two central bank actions in Asia to note. In Europe, two countries reported lower than expected inflation.

The events of the last week have made it very clear that Scottish independence would affect all of the UK. I have no vote in this referendum, but I definitely have an interest in its outcome.

The UK government this week ruled out any question of agreeing to a currency union with an independent Scotland. So where does this leave Scotland's currency conundrum? And what about the banks? Scotland has two very large banks - RBS and…

Ukraine's sovereign CDS spread is approaching the high reached right before the Russian bailout was announced. The currency is nearing the pre-bail-out lows.

- The big event today is the BOE's Quarterly Inflation Report and the updated economic assessment and forward guidance; sterling is outperforming - Carney indicated that the new forward guidance would look at a broader range of economic…

I am concerned about what is happening in the emerging markets but not alarmed. Fed tapering was a proximate trigger but not a cause. All indications are that the crisis is hitting only the most exposed and vulnerable markets and that this…

The share of EM-denominated Uridashi bonds has increased steadily from less than 10% in 2006 to nearly 55% in both 2012 and 2013. So far in 2014, that EM share has risen to over 60%. It is clear that the growth in EM Uridashi issuance has…

The Federal Reserve’s ‘taper talk’ in spring 2013 has been blamed for outflows of capital from emerging markets. This column argues that global growth prospects and uncertainty are more important drivers of emerging-market capital flows…

Below are seven recent developments in Venezuela's economy