Stuart Culverhouse

Tellimer Research

Head of Sovereign & Fixed Income Research @ Tellimer Research

Stuart has over 20 years’ experience as an economist in both the public and private sectors and has been covering EMs since 2000. He joined Tellimer in July 2006 and heads the team of macro and fixed-income analysts. Previously, he worked for the UK government Economic Service and as an Economic Adviser at the Export Credits Guarantee Department.

Stuart Culverhouse
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Latest articles from Stuart Culverhouse

Yellen's letter to G20 signals US support for SDR allocation

US Treasury Secretary Yellen's open letter to the G20 published today might be the inflection point in international policy coordination that the world has been looking for during the pandemic (and even before that). She repeats the same message she...
Tellimer Research Stuart Culverhouse
Stuart Culverhouse @ Tellimer Research 25 February 2021
Yellen's letter to G20 signals US support for new SDR allocation
Yellen's letter to G20 signals US support for new SDR allocation

Ethiopia: IMF statement implies private sector involvement can still be avoided

On 23 February, the IMF reached a staff-level agreement for the combined first and second reviews of Ethiopia’s ECF/EFF programme. As such, we will have to wait until the matter goes to the Board and the report is published before there is more clari...
Tellimer Research Patrick Curran
Patrick Curran @ Tellimer Research 25 February 2021
Ethiopia: IMF statement implies private sector involvement can still be avoided
Ethiopia: IMF statement implies private sector involvement can still be avoided

Argentina: IMF negotiations to drag on despite looming official debt repayments

It has been three months since the IMF's statement on the commencement of formal programme negotiations, when we warned there was still a long way to go, and indeed, not much has changed. Delaying an IMF agreement, however, also allows economic imbal...
Tellimer Research Stuart Culverhouse
Stuart Culverhouse @ Tellimer Research 25 February 2021
Argentina: IMF negotiations to drag on despite looming official debt repayments
Argentina: IMF negotiations to drag on despite looming official debt repayments

Ecuador election: Lasso will face Arauz in April run-off

Ecuador's national electoral council (CNE) confirmed yesterday that conservative banker Guillermo Lasso came second in the first round of the country's presidential election vote on 7 February and will therefore progress to the second round. He will...
Tellimer Research Stuart Culverhouse
Stuart Culverhouse @ Tellimer Research 22 February 2021
Ecuador election: Lasso will face Arauz in April run-off
Ecuador election: Lasso will face Arauz in April run-off

Post-Covid monetary easing cycle is coming to an end

Recent central bank decisions suggest the post-Covid easing cycle has come to an end across many EM after the unprecedented monetary stimulus seen over the last year. Meanwhile, the average (unweighted) policy rate across a broad range of EM (unweigh...
Tellimer Research Stuart Culverhouse
Stuart Culverhouse @ Tellimer Research 16 February 2021
Post-Covid monetary easing cycle is coming to an end in EM
Post-Covid monetary easing cycle is coming to an end in EM

Attack on US airbase in Erbil is a reminder of Iraq's difficult path

Monday's rocket attack on a US-led military base outside the international airport in Erbil (Iraq claim an Iranian-backed group is responsible) is a reminder of the difficult path Iraq is navigating, with its ambitious reform agenda facing both polit...
Tellimer Research Stuart Culverhouse
Stuart Culverhouse @ Tellimer Research 16 February 2021
Attack on US airbase in Erbil is a reminder of Iraq's difficult path
Attack on US airbase in Erbil is a reminder of Iraq's difficult path

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Stuart Culverhouse
Fixed Income - Sovereign
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