Read more about the article Argentina’s half-baked adjustment has not worked

Argentina’s half-baked adjustment has not worked

Argentina’s peso tumbled and stocks plunged after last Sunday’s primary elections. The perception of a likely victory of President Macri’s opponents – Alberto Fernandez, and running mate, Christina Fernandez de Kirchner - has sparked a new shift in investor preferences away from peso assets, pressures on the exchange rate, and hikes on sovereign spreads. Unless fears of a return to policies prevailing before Macri are assuaged, the market rout tends to deepen.

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Read more about the article New Challenges Faced by the Bretton Woods Institutions

New Challenges Faced by the Bretton Woods Institutions

In their 75 years of existence, the twin institutions born at the Bretton Woods Conference have undergone adaptation and transformation in response to the evolution of the world economy and the challenges it has posed to them. They will have to mutate and adapt to operate in a context of institutional fragmentation and possible arm-breaks between shareholders/members to continue fulfilling their missions.

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Read more about the article Threat of ‘currency bullying’

Threat of ‘currency bullying’

The possibility of mutually damaging financial volatility in the US and China may limit the extent of 'currency bullying' being used as a proxy in the countries' trade war. Nonetheless, rhetoric from Washington is likely to remain clamorous as the US trade and current account deficits rise and global imbalances worsen.

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Read more about the article The Global Economy Remains Unbalanced

The Global Economy Remains Unbalanced

Global imbalances have not gone away as an issue, as they reveal that the global economic recovery may have been sub-par because of asymmetric excess surpluses in some countries and output below potential in many others. The end of the “era of global imbalances” may have been called too early. Lord Keynes’ argument about the asymmetry of adjustments between deficit and surplus economies remains stronger than ever.

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Read more about the article RMB “into the SDR basket” is a win-win situation

RMB “into the SDR basket” is a win-win situation

  https://youtu.be/M7DAi_U65rU   And here I speak English at China's CCTV and CNTV on the entry of the Renmimbi into the IMF's SDR basket of currencies   Also: [朝闻天下]人民币正式“入篮” 美国 世行执董：人民币“入篮”是双赢_CCTV节目官网-CCTV-13_央视网(cctv.com)…

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