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Curation of weekly selections – A distillation of the opinions that count!



Kenneth Rogoff
Filter: Category: ECONOMICS > Latin America
  • ECONOMICS, Eurozone, Latin America

    Domingo Cavallo, "Greece can still avoid a catastrophic exit from the Eurozone"

    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

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  • ECONOMICS, Financial Markets, Latin America

    Joseph E. Stiglitz and Martin Guzman, "Argentina's Griesafault"

    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

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  • ECONOMICS, Asia, Emerging Markets, Global Growth, Latin America

    Ruchir Sharma, "Booms, busts and protests – normal life in emerging countries"

    The Financial Times - paywall - 1 Jul 2013

    The Morgan Stanley’s head of global macro explains why the current events in emerging markets do not mark the end of the emerging world miracle, but simply a return to the “normal postwar cycle of recession and recovery, political unrest and calm, after a misleadingly placid decade”. He reminds us that for every emerging nation mired in crisis, there is one reforming (like Mexico) and booming (like the Philippines).

    Published in Weekly selection 5 July 2013

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