December 2018 – The growing footprint of EME banks in the international banking system
Eugenio Cerutti, Catherine Koch and Swapan-Kumar Pradhan, BIS quarterly review, December 16, 2018 Emerging market economies (EMEs) have substantially increased their footprint in the global economy over recent decades. They now produce about 40% of global GDP at market exchange rates, and contributed about two thirds of 2017 global GDP growth. In this special feature,[…]