Central Bank Roundup, November 24, 2015
Bank of Korea Board Member Issues Warning on Fed Rate Raise
Joon-Ho Hahm, a member of Bank of Korea’s monetary policy board said last week at the San Francisco Federal Reserve’s Asia Economic Policy conference that, “The latent risk and potential impacts associated with the upcoming U.S. interest rate hike could be large in EMEs (emerging market economies), and Korea would not be exempt.”
Federal Reserve Vice Chairman Stanley Fischer also prepared remarks, concluding that, “Further ahead lies the answer to the question of whether developments in the global economy will permit the continuation of the export-centered growth strategy that underlies the Asian miracle or whether we will later conclude that this period, the period after the Great Recession and the global financial crisis, marked the beginning of a new phase in the economic history of the modern global economy.”
Oppenheimer Snags JP Morgan Veteran for EM Sovereign Analyst Lead
Nathalie Marshik has left JP Morgan to become Executive Director of Emerging Markets Sovereign Analyst at Oppenheimer & Co. Inc. She will be based out of New York and report to Peter Albano, Managing Director, Global Head of Fixed Income Sales at Oppenheimer. Marshik was head of the Americas Sovereign Risk function for the Country Risk team at J.P. Morgan. She advised countries on capital raises and ratings. She also covered the MENA region for five years at JP Morgan.
National Bank of Hungary to Become Largest Owner of Budapest Stock Exchange
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