Publication date
From
To
x

Your space


Forgot your password?
x

Login to participate



Not registered yet? Register now
x
Make your search by entering the text:
Make your search for other criteria:
Catalog Icon

Country Risk Report. Third Quarter 2017

By

Financial markets’ risk-on mood tightens sovereign spreads beyond fundamentals, while financial disequilibria turn on some warning signals in some Advanced Economies

Available in Spanish, English

Catalog Icon

Country Risk Report. Second Quarter 2017

By

Financial tensions, Global Risk Aversion (GRA) and sovereign markets spreads have been decreasing for over a year, reaching lows not seen since the spring of 2014 or 2007. Most of the large sovereign spread’s increases seen during the turmoil in 2015 and 2016 in EMs has vanished

Available in English

Catalog Icon

Country Risk Report. First Quarter 2017

By

Yet another quarter in which Financial Tensions, Global Risk Aversion (GRA) and Sovereign CDS have all been easing significantly across the board. The overall decrease in CDS spreads reduced downgrade pressures and increased upgrade ones for most countries. The decline in downgrade pressure was specially noticeable in LatAm , but it was also felt in the rest of EMs.

Available in Spanish, English

Catalog Icon

Country Risk Report. Fourth Quarter 2016

By

Turkey was downgraded by S&P and Moody’s. Hungary and Korea were upgraded by S&P. Financial tensions, Global Risk Aversion and sovereign CDS have all been trending downwards since the turmoil at the beginning of the year. China still faces the largest downgrade pressure from the markets, that has significantly risen for Portugal.

Available in Spanish, English

Catalog Icon

Country Risk Report. Second Quarter 2016

By , , ,

Argentina was upgraded by the three agencies after its return to the bond markets. Ireland was upgraded by Moody’s. Fitch downgraded Brazil and upgraded Hungary. The market pressure (downgrades/upgrades) has stabilized after a calmed quarter. Turkey, Chile, Colombia, China and Malaysia still on the spotlight.

Available in Spanish, English

Catalog Icon

Digital EAGLEs and Nest: outlook and perspectives 2016

By , , , ,

EAGLEs and Nest countries have a strong potential to foster its digital development process in the coming years. The future of the fixed broadband adoption will be driven by EAGLEs countries and the EAGLEs Media Sentiment Digital Index has improved significantly since late 2015.

Available in English

Catalog Icon

EAGLEs Update of middle classes and educational attainment projections 2016

By , ,

The middle classes will continue reshaping the world’s income distribution with Emerging Asia as the largest contributor. The educational sector will be both the motor and beneficiary of expanding middle classes, counterbalancing the effect of slower growth of labor force.

Available in English

Catalog Icon

EAGLEs Economic Outlook. Annual Report 2016

By , , ,

The Emerging World will account for almost four fifths of global growth in the next ten years. New members are included in the EAGLEs and Nest group, coming mainly from Asia and the Middle East. A special chapter of digital EAGLEs.

Available in Spanish, English

Catalog Icon

Country Risk Report First Quarter 2016

By , , ,

Financial tensions in Emerging Markets (EMs) soared back to August levels driven by falling commodity prices and stock market turmoil in China, but receded somewhat in February, when the focus changed to the DMs’ banking sector, and after the recent oil price recovery.

Available in Spanish, English

Catalog Icon

EAGLEs Economic Outlook. Annual Report 2015

By , , , ,

The contribution of the Emerging World to global growth is bound to be even bigger than we had initially projected, due to recent updates in purchasing power parity estimates across the globe. There are now more countries included in our EAGLEs list. The new additions come mainly from Asia and the Middle East.

Available in Spanish, English

Catalog Icon

Flourishing middle classes in the emerging world to keep driving reductions in global inequality

By , ,

BBVA projections for world population by GDP per capita: -Middle classes to comprise two-thirds of world population by 2025, doubling the share in 2000 -A low middle class citizen is today’s worldwide median -Emerging economies become predominant in wealthier segments -A dramatic reshaping of global consumer business away from basic products

Available in English

Catalog Icon

China’s trade relations with the South: What can Africa learn from the Latin American case?

By ,

China has played a decisive role in facilitating South-South cooperation, marking a clear departure from traditional North-South dominance. Nothing reflects this shift more clearly than bilateral trade flows. Trade has grown exponentially between both regions and China but it is even more relevant for Africa. Notwithstanding its commodity abundance, Latin America has already accrued a trade deficit with China, while Africa has a questionable surplus. The message may be bad news for Latin America, as relatively higher PPP levels hint towards a greater degree of substitution versus Africa. However, Africa’s surplus is relative, as excluding the surge in exports of unclassified goods from South Africa to China between 2010 and 2013; Africa would also have a trade deficit with China. Commodity exports accounted for the majority of exports to China in both cases; however some countries are more exposed than others. On a per GDP basis, Chile and Venezuela emerge as Latin America’s top exporters to China (Brazil falls in third position given its larger GDP), while Angola and Zambia head the list for Africa. Mineral products and base metals exports feature prominently for both regions. Our findings reveal increasing dependence on China for virtually all countries and all types of commodities reviewed (mineral, base metal and agriculture products) from 2005 to 2013. When accounting for the value added in trade using trade in value added (TiVA) figures, China’s rapidly increasing trade with the South slows down. Value retention lies ahead as a big challenge for trade relations between these regions and China.

Available in English

Catalog Icon

Country Risk Quarterly Report, June 2014

By

The global financial markets have entered in a new phase of Risk Appetite driven by Global Push Factors. Sovereign risk premia in some peripheral European countries and have reached levels not observed since the onset of the 2008 financial crisis. The Western Central Banks policies are still supporting the risk taking while some important Emerging Central Banks are joining the “push”

Available in Spanish, English

Catalog Icon

Available in Spanish, English

Catalog Icon

Available in Spanish, English

Spanish banks data
Geostrategy
Digital economy
Financial regulation
Market Comment
Mexico publications
Spain publications
USA publications
Europe publications
Anuari 2016
Working Papers
Multimedia