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Emergence of single currency in South America unlikely in near future — expert

For Argentina, it is more likely in the near future to switch to the use of national currencies in bilateral trade, Miguel Ponce said, recalling that last June the country had applied to join the BRICS ....

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UPSA lecturer honoured at 2022 Emerald Literati Awards

A LECTURER at the Department of Banking and Finance of the University of Professional Studies, Accra, Michael Insaidoo, has received global recognition for Outstanding Paper in the 2022 Emerald Literati Awards. ....

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Argentine Customs takes measures against under-invoicing exporters

The Argentine Customs Bureau (DGA) has set new criteria for the selection of potential cases of under-invoicing. The new controls will be carried out once the goods have been released to leave the country, it was announced. ....

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The Dynamic Relationship Between Global Debt And Output

The Dynamic Relationship Between Global Debt And Output
The global economy has reached record levels of indebtedness, to the concern of researchers and policymakers. On the one hand, debt can be beneficial by smoothing out consumption and accelerating capital accumulation, and thus contributing to economic output. On the other hand, rising debt increases debt service costs and can potentially expose countries to financial risks and lower output. In particular, a large expansion of debt can be associated with a significant economic contraction that can last for years.
Global debt as a share of gross domestic product (GDP) has been on an upward trend for decades (see figure 1). Rising debt levels are occurring across developed and developing countries in both the public and private sectors. Despite the overall global trends, patterns of debt vary by sector and a country’s level of economic development.[1] For example, in the private sector - comprising firms and households ....

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