Argentina’s local debt puzzle

28 January 2020Economics, Municipal FinanceArgentina, Emerging markets, sub-sovereignsNick Dunbar

Sub-sovereign or regional debt is normally viewed as riskier than the sovereign. But default-prone Argentina has pushed this thesis to breaking point.

Turkey’s crisis in six charts

15 August 2018Articles, EconomicsEmerging markets, TurkeyNick Dunbar

Turkey faces an economic crisis as its dispute with the US escalates. We highlight Turkey’s financial vulnerabilities with six charts.

Tracking the frontier markets debt bubble

23 July 2018EconomicsAfrica, Emerging markets, frontier markets, government bondsNick Dunbar

Frontier market sovereigns are splurging on new borrowing just as investors are cooling on the asset class. A Risky Finance visualisation tool identifies the countries you need to watch.

The year of frontier debt

27 October 2016ArticlesEmerging marketsNick Dunbar

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.