Fixing China’s Municipal Bond Market
The rapid growth of local government debt in China is a potential threat to the country’s financial stability. At the root of the debt problem is a severe fiscal imbalance that is driven by domestic politics.
Field Notes: Hyderabad
The verdict remains out as to whether recent initiatives in India, such as the note ban and the Goods and Services Tax, will constitute significant steps forward in the country’s quest to become a modern and globally competitive industrial economy.
Field Note: Singapore
A recent trip to Singapore revealed several companies as paragons of how to respond to a revenue and profit recession.
On Value in the Emerging Markets
This paper seeks to understand if a value investing approach could be viable in emerging markets and identifies the specific drivers of value in these markets.
Emerging Markets Briefing
Seafarer addresses key questions about emerging markets investing and how U.S. investors can integrate the asset class into long-term portfolios.