The aftermath of the Covid-19 pandemic and the Russia-Ukraine war have put developing countries under significant stress. This column draws lessons from three generations of currency crises since the 1980s for the current period. The 1980s crisis in Latin America, 1990s crisis in Mexico, and late 1990s crisis in Asia were all characterised by significant capital inflows followed by sharp reversals in confidence, outflows of financial capital, and international assistance. These crises emphasise the importance of credible policymaking, as well as sustainable trade and budget deficits.
Hedge Fund Industry Sees $16.88bn in July Redemptions; Trading Profit Pushes AUM Higher; CTAs Experience Second Consecutive Month of Redemptions with $4.95bn in Outflows, according to Barclayhedge
Whether America is in a recession or not has yet to be officially determined. But unofficially, U.S. consumers may already believe that a downturn has begun and may be accelerating after a week of consequential economic news and months of rising prices.
byRajan Philips President Ranil Wickremesinghe might be feeling satisfied over his two recent accomplishments which have eluded him ever since he became UNP leader after 1994. First, a seemingly secure majority in parliament and, second, an intriguingly evolving and mutually supportive relationship with the military. At the same time, Mr. Wickremesinghe finds himself in circumstances […]