Indonesia’s President Joko “Jokowi” Widodo has vowed for a quick “massive deregulation” on Wednesday in order to boost sentiment and revive investment as growth in Southeast Asia’s largest economy expands at the weakest pace since 2009 amid a plunge in commodity prices. “We need to carry out massive deregulation and introduce new regulations that will really create a good climate … Continue reading
By Andrés Velasco With the currencies of Malaysia, Indonesia, South Africa, Turkey, Brazil, Colombia, Chile, and Mexico hitting record lows recently, currency traders around the world are asking: How much further can emerging-market currencies weaken? The standard approach to answering this question takes a relatively normal base year and measures how much a country’s currency … Continue reading
A rout in emerging market (EM) stocks and currencies has deepened amid a series of devaluation events, oil prices at a six-year low and continuing to plunge amid a global glut, concerns about the U.S. Fed hiking interest rates, and growth concerns in China. Indeed, last week was a rough week for emerging markets: EM currencies … Continue reading