The document discusses the real value of exchange rates over long periods, focusing on emerging markets (EM) and developed markets (DM). It highlights the structural cheapness of EM foreign exchange on a purchasing power parity (PPP) basis and the impact of using PPP exchange rates on global GDP measurements. The document also covers global growth trends, comparing EM and DM contributions to the global economy, and provides insights into future growth expectations.
documents/vol00010-efta01458627-pdf.pdf
{"title":"Asset Allocation","document_date":"2015-09-11","document_type":"correspondence","key_organizations":["Deutsche Bank Securities Inc."]}