• Municipal finance

    The year of frontier debt


    Emerging market bonds have outperformed most asset classes this year, prompting talk of a QE-induced bubble. But research into global inequality suggests a secular shift into emerging market debt makes sense.

  • Non financial

    Barclays, hard Brexit and EU passporting


    The decline in sterling since the Brexit vote has increased Barclays' leverage. As balance sheet currency hedges expire, the prospect of a 'hard Brexit' may lower the value of the bank's equity, highlighting the importance of retaining an EU passport...