Foreign Affairs (metered paywall) - 28 Oct 2018
Bolsonaro has accomplished the once unthinkable: he has won the presidency of Latin America’s largest country, which accounts for approximately 40 percent of the region’s population and a roughly equal share of its GDP. Most likely, he’ll preside over the biggest foreign policy shift in that country’s recent history - a change that will have important reverberations throughout the Americas and across the globe (reads in 7-9 min).
Published in Weekly selection 2 November 2018
VOXeu - 1 Jul 2015
In the chorus of divergent opinions and conflicting advice on what Greece should do, the idea that it should follow Argentina’s experience (by reintroducing the drachma that would then sharply devalue) is gaining traction, with some pundits (like Stiglitz) claiming that this example shows that “there is life” after a devaluation. In this short posting that reads in 2 minutes, the former Argentinian policy-maker explains why this is a terrible idea.
Published in Weekly selection 10 July 2015
Project Syndicate - 7 Aug 2014
Another take on Argentina’s recent default. The two economists argue that US federal judge Thomas Griesa’s ruling prevents Argentina from fulfilling its obligations and simply encourages usurious behavior and threatens the functioning of international financial markets. They also make the point that a “repayment on Griesa’s terms would devastate Argentina’s economy”.
Published in Weekly selection 9 August 2014