International Organizations

Slavin Joins NPR’s Here & Now on UNGA and Iran

By Barbara Slavin

Listen to the full discussion here.

Slavin Joins WBUR to Discuss UNGA

By Barbara Slavin

Listen to the full discussion here.

Kempe in CNBC: World Leaders Gather at the UN Next Week Bracing for a Crisis They Can’t Quite See

By Frederick Kempe

Read the full article here.

Charai in Newsmax: The International Criminal Court Is a Failed Experiment

By Atlantic Council

Turkish Outbreak: Risk of Emerging Market Contagion?

By Christina Gay and Ole Moehr

With the strengthening of the US dollar in the wake of continued interest rate increases by the US Federal Reserve and brewing pressures in a number of emerging market (EM), portfolio flows into EM countries slowed from $13.7 billion in July to just $2.2 billion in August. Companies and banks in both Argentina and Turkey borrowed heavily in dollar denominated debt while interest rates were low and are now faced with mounting debt burdens, which, if not backed by sufficient reserves puts them at risk for default if investors lose confidence. The Turkish lira has fallen over 40 percent in 2018. Its sharp decline in August raised concern of contagion to other markets, as the Indonesian rupiah, the South African rand, and the Indian rupee have also come under pressure. This edition of the Econographic compares situation in Turkey with the Asian financial crisis in 1997, analyzes root causes of the current pressures in Turkey, and assesses the broader implications for EM economies.