Member Views

Emerging Market Migration Bonds Repair US-EU Model

BWC member Gary Kleiman writes in bne IntelliNews that emerging market migration bonds are repairing the model.

"The... concept is to create a commercial long term cash stream thus far absent in the debate... priced at a discount from standard sovereign ones..."

Niger and Beyond: Francophone Credit Delivers Coup de Grâce

BWC member Gary Kleiman writes on the coups in West Africa that "lost in the diplomatic and development debate is the sense of underlying debt crisis and commodity export overreliance that have long plagued the larger neighbourhood encompassing fifteen countries..."

Zambia and Zimbabwe Turnarounds Display Drastic Dichotomy

BWC member Gary Kleiman writes on African sovereign debt that "while Zambia has the outlines of a new debt beginning, its neighbour has yet to begin to dig out from... choices that have isolated it from global capital markets and its own people..."

Africa stock markets plot depreciation/inflation escape

The BWC is pleased to Member Spotlight Gary Kleiman's recent article with bne IntelliNews discussing the performance of various African frontier stock markets in the past year.

According to Kleiman's article, "Last year African frontier stock markets on the dollar-denominated MSCI benchmark index, where the majority reside, were an overall losing proposition – with the region sub-index the only decliner at 7% versus the composite up by the same percentage."

The Digital Asset Olympics

The 2022 Winter Olympics will be not only a competition between athletes, but also a geopolitical sparring ground as it has been in the past. The development of a Chinese Central Bank Digital Currency (CBDC) has been in the works for more than 5 years and some of the more potentially nefarious parts of its implementation are finally starting to come to the fore.

Prestige Economics President Warns That Oil Prices Will Struggle in the Near Term

BWC member Jason Schenker was recently on BNN Bloomberg saying "China is in a manufacturing recession... and there are debt concerns. A lot of companies are trying to move out of China. It's just a really big risk... in addition to all the demographics."

Video: The switch to natural gas is a half-way solution before we have more reliable renewable options

Jason Schenker, president of Prestige Economics, discusses concerns for high natural gas prices amid news that Russia plans to fill its European storage sites starting next month and U.S. natural gas storage data numbers that came out today. Schenker says that supply is a concern as global moves away from coal are adding pressure to the market. He says that from a supply standpoint North America is much more secure in natural gas accessibility than Europe.

The Future of Energy

BWC member Jason Schenker recently appeared on BNN Bloomberg to discuss the future of energy.

THE ENABLERS: How the West Supports Kleptocrats and Corruption-Endangering Our Democracy

"Authoritarian regimes in many countries, and the men that lead them, depend on the international management of licit and illicit funds under their control. Frank Vogl shows that curbing their activities for their kleptocratic clients is critical to secure democracy, enhance national security, and ensure international financial stability."

Under the western sky: the crypto frontier

Carolyn Wilkins talks about cryptoassets and the ‘financial ecosystem’ they are a part of. She looks at the risks and opportunities decentralised finance may bring and the regulatory response to these.