Capital Flight, Not Credit Risk, Is the New Contagion — Romerus Report Tariffs are weaponizing capital flows and exposing the limits of central banks. Liquidity is fracturing in politically isolated markets—and the old risk models no longer apply.

Capital flight is the new contagion.
Not credit risk. Not leverage.
$18.7B fled EM debt in one month.
Tariffs, retaliation, and reserve hoarding are nuking FX stability.
Central banks are boxed in.
Old tools don’t work.
Capital mobility is now political.

#geofinance #FX #emergingmarkets #Romerus

Geofinance - Open Risk Manual Geofinance is a composite (portmanteau) word (Geography + Finance) aiming to capture the interplay between geography and the financial organization of economic activity.

there is also #geofinance :-) but unclear how widespread the use of the term

www.openriskmanual.org/wiki/Geofina...