After initially responding to the pandemic induced economic crisis with an initiative to postpone developing countries debt payments, the G20 has now come back to the table to offer a more plausible solution. But the new common framework for....
detailsCapitalism is in crisis. The pandemic could change it forever, in favor of workers and those in greatest need.
detailsFirms that manage to survive until an effective COVID-19 vaccine is widely available will have a bright future but weak balance sheets. Innovative new private-equity funds, modeled on US special-purpose acquisition companies, could provide much-needed cap
detailsGiven that the COVID-19 crisis demands unprecedented levels of stimulus spending, policymakers should use the occasion to adopt a more flexible form...
detailsEmerging markets today account for more than two-fifths of global GDP measured at market exchange rates, and nearly three-fifths after adjusting for differences in purchasing power.
detailsIn most emerging and developing countries, COVID-19 is causing an economic hurricane. It looks increasingly like a Category 5, but the international community and many national governments prepared for a tropical storm.
detailsOnly monetary policy addresses credit throughout the economy. Until inflation and real interest rates rise from the grave, only a policy of effective deep negative interest rates, backed up by measures to prevent cash hoarding by financial firms, can do t
detailsTo explain Argentinas chronic instability and episodic illiquidity, one must look beyond idiosyncratic leaders, temporary external shocks, and specific policy mistakes.
detailsAfter Lebanons civil war ended in 1990, it began rapidly expanding the public debt. This debt has exacerbated widening socioeconomic inequalities, now threatening the countrys stability.
detailsBetween US President Donald Trumps zero-sum disputes with China and Iran, UK Prime Minister Boris Johnsons brinkmanship with Parliament and the European Union
detailsGovernments are largely responsible for the borrowing binge, with their debt growing not just nominally...
detailsThere is no mistaking which side won and why. Austerity is dead
detailsTerms of new IMF loan dictate that fuel subsidies have to be scrapped, meaning costs are increasing yet again
details