Originally published on March 25, 2020
The COVID-19 crisis is hitting emerging markets especially hard, and the global dollar cycle can explain why.
Robin Brooks is a chief economist at the Institute of International Finance and has previously worked for Goldman Sachs and the IMF. Robin joins Macro Musings to talk about the global economic implications of the novel coronavirus. David and Robin also discuss what is happening to output gap measures, where the global dollar cycle stands today, and the importance of dollar swap lines for emerging markets
David Beckworth: Robin, welcome to the