RaboResearch - Economic Research

Economic Report

The Tequila crisis in 1994

In this report we will focus on the crisis of 1994 in Mexico, where a strong devaluation of the peso led to both a currency and banking crisis, while a sovereign crisis was just prevented.

Economic Report

The Mexican 1982 debt crisis

In August 1982, Mexico was the first of many Latin American countries to default on its sovereign debt. This report covers the main characteristics of the Mexican debt crisis as well as its main causes and triggers.

Country Report

Country Report Oman

Small-scale social unrest remains present in Oman and the increase in current government spending is a concern. Succession risks remain, as long as Sultan Said al Said fails to appoint a successor.

Country Report

Country Report Curacao

Curacao is currently facing difficult times, both politically and economically. While economic growth was again disappointing in 2012, Curacao’s political year was characterized with four different prime-ministers and the killing of a politician.

Economic Report

The Russian Crisis 1998

Russia’s fixed exchange rate regime together with its fragile fiscal position appeared to be unsustainable in the course of 1998. By then an outbreak of a severe banking, currency and sovereign debt crisis could not be prevented.

Country Report

Country Report India

The market anticipation of Fed QE tapering has sent the Indian rupee to record lows. However, India is not a blameless victim. It struggles with fundamental issues constraining economic growth, large twin deficits and a declining investor confidence on the back of inadequate economic reforms.

Country Report

Country Report Ghana

Ghana sees robust economic growth on the back of the nascent oil sector, but the lack of fiscal discipline raises concerns about future debt sustainability and increasing vulnerabilities.

Country Report

Country Report South Korea

Supported by government measures, real GDP growth in South Korea has been accelerating. Meanwhile, tensions with North Korea have eased, for now. South Korea’s banking sector remains vulnerable to external liquidity risks and rising household debt.

Country Report

Country Report Kenya

Peaceful elections in 2013 restored confidence in Kenya’s political stability to some extent and bode well for economic development, while the large twin deficits remain a matter of concern.

Country Report

Country Report Turkey

Turkey’s large current account deficit and its small stock of foreign reserves make it vulnerable to the effects of tapering by the US Federal Reserve. Meanwhile, there have also been several important political developments.

Country Report

Country Report Sri Lanka

Although economic growth in Sri Lanka slowed down last year, elevated inflation remains a concern. While both the budget deficit and the current account deficit declined slightly in 2012, both deficits remain large.

Country Report

Country Report Mongolia

Mongolia’s economy slowed in 2012 on the back of lower demand from China and slowing FDI inflows. The government has implemented policies to support growth. A more cooperative stance towards foreign investors should help to regain their confidence.

Economic Report

The Turkish 2000-01 banking crisis

Turkey experienced a severe banking crisis during 2000 and 2001. The crisis had a major impact on banking supervision and regulation, as both were extensively strengthened.

Country Report

Country Report Sint Maarten

Since its independence in 2010, St. Maarten has been building and extending its own institutional framework, whereby this process is executed slower than expected. Furthermore, economic performance has been weak in recent years.