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Updated: 8 hours 28 min ago

US-Mexico trade agreement: the best one that was possible under the current circumstances

August 29, 2018
The presidents of Mexico and the US have announced a preliminary bilateral commercial agreement. If congresses in each country approve it, this accord will replace the North American Free Trade Agreement (NAFTA) that has been in place since 1994.

Mexico | Demand deposits maintain the dynamism of traditional bank deposits

August 29, 2018
In June 2018 the nominal annual growth rate of traditional bank deposits (demand + term) was 11.8% (6.9% real), higher than that observed in May (11.3%), and 1.7 percentage points above the nominal rate registered in March 2017.

Might Turkey affect Mexico?

August 29, 2018
In the past few weeks Turkey has been through bouts of significant financial turbulence. The Turkish lira has depreciated by 22% in August and by about 60% so far this year. An event of this nature in an emerging economy usually has effects on other emerging economies.

Argentina | Real Estate and Construction Outlook 2018

August 28, 2018
Exchange rates over the past few years have had a positive impact on the real estate sector, yet recent currency upheaval has given rise to a considerable deterioration in accessibility conditions. Even so, the slowdown should prove to be only fleeting and there is not likely to be any huge increase in the supply of properties that might prompt a downward price correction.

Housing and inequality

August 27, 2018
There is growing concern about inequality in the developed economies. Now that we are seeing a recovery in the Spanish property sector, it is worth reflecting on the role that trends in the housing market have played and may play in widening or narrowing differences among people’s income and wealth.

The costs of Trump’s protectionism

August 27, 2018
The brief history of Trump’s protectionism has been an eventful one. In the first year of his term the US focused on the renegotiation of NAFTA, which is currently on hold. In his second year concentrated efforts above all on measures and threats against China, which have intensified to the point where he has threatened to extend the measures to all imports from the China.

U.S. | Mission Impossible: NAIRU Fallout & the Unobservables

August 25, 2018
Powell’s speech at Jackson Hole Symposium sets policy course for current normalization cycle.

Financial Regulation: Weekly Update. 24 August 2018

August 24, 2018
BIS issues consultation on governance arrangements for OTC derivatives data. ESMA issues technical standards on disclosure for securitisations. ECB updates list of supervised entities. UK Treasury issues Statutory Instruments to adapt DGS and CRR after Brexit. US Agencies issue interim rule on the treatment of municipal securities for the purpose of LCR.