Goldman's Trivedi: Emerging Markets Face String of Defaults

The video discusses China's unique economic position as it lowers interest rates amid global hikes due to its COVID-19 experience. It highlights the pressure on emerging markets with significant dollar financing needs, leading to impaired market access and potential defaults, as seen in Argentina and Sri Lanka. The Bank of Japan's inflation stance is explored, noting that changes may occur when US yields peak. The discussion concludes with the risks of peak yields and inflation, emphasizing a more symmetric risk environment.

What is the current stance of China regarding interest rates compared to other central banks?

How does the weakening of a currency lead to imported inflation?

What challenges are high-yielding emerging markets facing in terms of market access?

What indicators suggest that a default cycle may be imminent in the developing world?

What factors contribute to the pressure on the Bank of Japan regarding the yen?

What does it mean for yields to be at a point where risks are more symmetric?

How have central banks responded to inflation in recent times?