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Natalia Gurushina

Natalia Gurushina is director of emerging markets strategy at Roubini Global Economics. Previously, Natalia worked for Pantera Capital Management, a global macro hedge fund, where she developed investment strategies for both emerging and developed European markets. Prior to that, Natalia was in charge of macroeconomic research for select economies in Europe, the Middle East, Africa and Russia at Deutsche Bank and Bankers Trust. Before joining the private sector, Natalia analyzed economic and political developments in Russia and the former Soviet Union for the Open Society Institute in Prague. Natalia has a Ph.D in economic history from the University of Oxford, Christ Church, and a bachelor’s degree in economics from Moscow State University.

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Recent Articles by Natalia Gurushina

Currencies: Après Nous, le 'Money' Déluge?

Natalia Gurushina May 7, 2012

Emerging Markets: On the Verge of Defensive

Natalia Gurushina May 7, 2012

Greater CNY Volatility: What’s Really Behind It and What to Expect?

Natalia Gurushina, Adam Wolfe and Dev Ashish April 27, 2012

Emerging Markets: No Sweet Spot in Sight Yet

Natalia Gurushina April 4, 2012

Taking Profit on Short MYR/RUB Recommendation

Natalia Gurushina March 16, 2012

Trip Report: Russian Spring or Structural Permafrost?

Natalia Gurushina, Nouriel Roubini and Rachel Ziemba February 14, 2012

Emerging Markets: Reality vs. Exuberance

Natalia Gurushina February 9, 2012

Recent Trends in EMs: 'Excess' Liquidity

Natalia Gurushina and Gina Sanchez January 26, 2012

Brazil: Q1 2012

Juan Lorenzo Maldonado, Natalia Gurushina and Ibrahim Gassambe January 26, 2012

Hungary: Q1 2012

Jelena Vukotic and Natalia Gurushina January 26, 2012

Malaysia: Q1 2012

Ayoti Mittra and Natalia Gurushina January 26, 2012

Philippines: Q1 2012

Ayoti Mittra and Natalia Gurushina January 26, 2012

South Africa: Q1 2012

Maya Senussi, Natalia Gurushina and Ibrahim Gassambe January 25, 2012

Turkey: Q1 2012

Maya Senussi, Natalia Gurushina and Ibrahim Gassambe January 25, 2012

Russia: Q1 2012

Tetiana Sears, Rachel Ziemba, Natalia Gurushina and Ibrahim Gassambe January 25, 2012

Indonesia: Q1 2012

Michael Manetta, Natalia Gurushina and Ibrahim Gassambe January 25, 2012

China: Q1 2012

Adam Wolfe, Ibrahim Gassambe, David Nowakowski and Natalia Gurushina January 25, 2012

Thailand: Q1 2012

Michael Manetta and Natalia Gurushina January 25, 2012

India: Q1 2012

Kunal Kumar Kundu, Natalia Gurushina and Ibrahim Gassambe January 25, 2012

Czech Republic: Q1 2012

Jelena Vukotic and Natalia Gurushina January 25, 2012

Israel: Q1 2012

Ayah El Said and Natalia Gurushina January 25, 2012

Chile: Q1 2012

Juan Lorenzo Maldonado and Natalia Gurushina January 25, 2012

Poland: Q1 2012

Jelena Vukotic, Natalia Gurushina and Ibrahim Gassambe January 25, 2012

Mexico: Q1 2012

Juan Lorenzo Maldonado, Natalia Gurushina and Ibrahim Gassambe January 25, 2012

South Korea: Q1 2012

Adam Wolfe and Natalia Gurushina January 25, 2012

Emerging Markets: Defensive Diversification

Natalia Gurushina January 11, 2012

Hungarian Rates: Sell into Rallies for Now

Natalia Gurushina and Jelena Vukotic January 9, 2012

Asset Allocation: Long VIX Positioning and Alternative Volatility Strategies

Dayna Goodwin, Gina Sanchez, Natalia Gurushina, David Nowakowski and Tsolmon Enkhbayar January 6, 2012

RGE Agriculture Sensitivity Index (RASI): Impacts on Individual Economies

Gary Clark, Shelley Goldberg and Natalia Gurushina January 2, 2012

Volatility of South Korea’s Assets to Remain High Due to Political Noise in the North

Natalia Gurushina and Rachel Ziemba December 18, 2011

Emerging Markets: The Grand Old Duke of York and His Ten Thousand Men

Natalia Gurushina December 8, 2011

EM Currencies: Start Taking Profits on INR Shorts

Natalia Gurushina, Kunal Kumar Kundu and Adam Wolfe November 23, 2011

EM FX Depreciation Pressures—Ready or Not, Here They Come!

Natalia Gurushina November 23, 2011

Hungary: Continue Paying Rates, Take Profit on HUF Shorts

Natalia Gurushina and Jelena Vukotic November 14, 2011

Emerging Markets: Between Scylla and Charybdis

Natalia Gurushina November 7, 2011

Turkey's Central Bank Pulls Out All the Stops to Restore Price Stability

Maya Senussi, Rachel Ziemba and Natalia Gurushina October 26, 2011

Rates/Currencies: In Defense of the Defensive

Natalia Gurushina October 24, 2011

Global Factors in Emerging Markets’ FX Risk Premia Point to Asia’s FX Outperformance When Risk Is Off

Natalia Gurushina October 19, 2011

Poland’s Market-Friendly Election Results to Provide a Temporary Boost to PLN and Bonds

Natalia Gurushina October 9, 2011

Emerging Markets: A Defensive Stance Is Justified

Natalia Gurushina October 7, 2011

Emerging Markets: Some IRS Curves Are Still Too Flat

Natalia Gurushina September 15, 2011

Emerging Markets: There May Be Trouble Ahead, but We See Opportunities

Natalia Gurushina September 6, 2011

EM Currencies: Rebalancing Our Current Trade Recommendations

Natalia Gurushina August 9, 2011

Emerging Markets: Damocles' Sword(s), Black Sheep and Weaker Growth

Natalia Gurushina August 3, 2011

Rates/Currencies: Inflation Pressures Finally Ease

Natalia Gurushina July 28, 2011

Measuring EM FX Appreciation Pressures (Part I)

Natalia Gurushina and Tsolmon Enkhbayar July 14, 2011

Measuring EM FX Appreciation Pressures (Part I)

Natalia Gurushina and Tsolmon Enkhbayar July 10, 2011

Emerging Markets: Searching for Direction

Natalia Gurushina July 5, 2011

ROSI FX: Good Entry Point for Shorting the Subindex

Natalia Gurushina June 23, 2011

Emerging Markets: Walking a Tightrope

Natalia Gurushina June 5, 2011

Navigating Asset Classes as QE2 Dry-Docks

Arnab Das, Shelley Goldberg, Michael Hart, David Nowakowski, Gina Sanchez, Ibrahim Gassambe, Natalia Gurushina and Jennifer Kapila May 24, 2011

ROSI and the Oil Rollercoaster

Natalia Gurushina and Tsolmon Enkhbayar May 13, 2011

Emerging Markets: Switching Gears

Natalia Gurushina May 11, 2011

Fixed Income/Foreign Exchange: Taming Inflation—Mission Impossible?

Natalia Gurushina April 21, 2011

Singapore—High Likelihood of NEER Band Adjustment in April

Natalia Gurushina and Michael Manetta April 5, 2011

Asset Classes: Historic Correlations to Oil Prices

David Nowakowski, Natalia Gurushina and Tsolmon Enkhbayar April 5, 2011

Emerging Markets: A Dizzying Mosaic of Driving Forces

Natalia Gurushina April 3, 2011

RGE Oil Sensitivity Index: Outlook Not ROSI for Many EMs

Natalia Gurushina, David Nowakowski and Tsolmon Enkhbayar March 15, 2011

Emerging Markets: There May Be Trouble Ahead

Natalia Gurushina February 28, 2011

Poland: Maintain Long PLN/HUF

Natalia Gurushina and David Rogovic February 16, 2011

Egypt: 'Underweight' as Macro Outlook Remains Problematic

Natalia Gurushina, Ayah El Said and Rachel Ziemba February 14, 2011

Emerging Markets: Long EM—To Be or Not To Be

Natalia Gurushina February 7, 2011

Fixed Income/Foreign Exchange: The Quick and the Dead

Natalia Gurushina January 18, 2011

Emerging Markets: Row, Row, Row Your Boat… Gently!

Natalia Gurushina January 11, 2011

Turkey: CBT's Policy Creates Paying Opportunities in Q1

Natalia Gurushina and David Rogovic December 16, 2010

Emerging Markets: Between a Rock and a Hard Place

Natalia Gurushina December 6, 2010

Currencies: Please Sir, I Want Some More

Natalia Gurushina October 29, 2010

Emerging Markets: We Are All in This Together

Natalia Gurushina October 27, 2010

Fixed Income and Foreign Exchange: The Global Tug of War

Natalia Gurushina October 21, 2010

RGE Analysts' EconoMonitor

RGE Wednesday Note: Currency Wars Heat Up as Growth Chills

Natalia Gurushina October 13, 2010

Russia’s Impossible Trinity—Calling for Further RUB Strength

Natalia Gurushina, Rachel Ziemba and David Rogovic October 12, 2010

Re-Starting the Helicopter

Natalia Gurushina October 5, 2010

Mind the Narrowing Gap

Natalia Gurushina October 5, 2010

Is China Passing the Buck?

Arnab Das, Rachel Ziemba and Natalia Gurushina September 20, 2010

Japanese Yen: BoJ Intervention—Short-Term Success, Long-Term Headwinds

Natalia Gurushina September 15, 2010

Conference Call Replay: Volatilities and Correlations

With Arnab Das, Natalia Gurushina, Arun Motianey and David Nowakowski September 1, 2010

Currencies: The End of Exuberance

Natalia Gurushina August 31, 2010

Emerging Markets: At the Cross Roads

Natalia Gurushina August 31, 2010

Struggling to Break Free: Rising Correlations Part II

David Nowakowski and Natalia Gurushina August 25, 2010

The History of Risk—Correlations, Volatilities and Z-Scores

David Nowakowski and Natalia Gurushina August 25, 2010

Q3 2010 Scenario Analysis: Macroeconomic Factors & Asset Class Investment Implications

Christian Menegatti, Rachel Ziemba, Arnab Das, Arun Motianey, Gina Sanchez, Natalia Gurushina and David Nowakowski August 2, 2010

Cross Asset Monthly: A Summer of Discontent: Navigating the Tug of War Between Greed and Fear

Arnab Das, Natalia Gurushina, Arun Motianey, David Nowakowski, Gina Sanchez and Jennifer Kapila July 26, 2010

Tail Risk Wags the Dog: Rising Correlations, Part I

David Nowakowski, Natalia Gurushina, Arnab Das and Gina Sanchez July 14, 2010

Cross Asset Monthly: A Midsummer Nightmare: Hostage to the Slings and Arrows of Outrageous Fortune

Arnab Das, Natalia Gurushina, Arun Motianey, David Nowakowski, Gina Sanchez and Jennifer Kapila June 30, 2010

'Yuan Upmanship': Interpreting China's FX Regime Change

Rachel Ziemba, Natalia Gurushina and Arnab Das June 19, 2010

Chile: 2y-5y IRS Flattener—Take Partial Profit, Tighten Stop-Loss, Extend the Target

Natalia Gurushina June 15, 2010

Cross Asset Monthly: EZ Does It! From Mayhem in May, Moderation (at Best) in June

Arnab Das, Natalia Gurushina, Jennifer Kapila, David Nowakowski, Arun Motianey and Gina Sanchez May 31, 2010

EZ Rescue Response: Serious at Last?

Elisa Parisi-Capone, Natalia Gurushina, Arnab Das and Nouriel Roubini May 9, 2010

Market Turmoil Amid Eurozone Contagion Fears

Elisa Parisi-Capone, Natalia Gurushina, Gina Sanchez, Tetiana Sears and Christian Menegatti May 5, 2010

FX: Build Short Positions on EUR Strength, Concern for Reserve Currency Status

Arnab Das and Natalia Gurushina May 2, 2010

Global Market Strategy Q2 2010: Emerging Markets

Natalia Gurushina April 27, 2010

Bullish on Emerging Asia FX Following Singapore's Revaluation

Natalia Gurushina and Arpitha Bykere April 15, 2010

Is Greece Deferring the Day of Reckoning?

Arun Motianey and Natalia Gurushina April 14, 2010

Time to Position for Higher Rates in Russia

Natalia Gurushina April 12, 2010

Implications of Poland's Tragedy for the Zloty

Natalia Gurushina April 10, 2010

Time to Take Profit on Long Polish Zloty Positions

Natalia Gurushina and Mary Stokes March 28, 2010

The Eurozone's 'Bay of PIIGS'

Arnab Das, Elisa Parisi-Capone, Natalia Gurushina, Katharina Jungen and Jennifer Kapila March 7, 2010

A Year of Living Divergently: RGE's 2010 Global Market Strategy Outlook

Arnab Das, Natalia Gurushina and Jennifer Kapila February 25, 2010

The Greece Dilemma: Sovereign Debts Imperiling the Euro and Challenging EU Ties

Arnab Das, Elisa Parisi-Capone and Natalia Gurushina January 18, 2010

Venezuela Devaluation: Alo Presidente!

Arnab Das, Bertrand Delgado and Natalia Gurushina January 10, 2010

Come to Mother: An RGE Strategy for the 2010 Carry Trade

Arnab Das, Natalia Gurushina, Jennifer Kapila, Elisa Parisi-Capone January 3, 2010