Macroeconomics

Lebanon’s Parliament speaker, Nabih Berri, urged the government to call a “financial state of emergency” yesterday, as the Lebanese pound fell to a record low this week. An extreme dollar shortage has eroded the value of the currency, driving up the price of imports and wiping out household savings.

As Argentina’s debt restructuring talks enter their eleventh hour, there is a growing expectation that today’s deadline will be extended. The government and its creditors are inching towards a deal to reprofile roughly US$65 billion in sovereign debt that the country cannot afford to repay. President Fernandez’

In a bid to shore up the government’s limited fiscal resources, the Central Bank of Sudan recently awarded private gold merchants’ greater autonomy to sell to overseas markets. Until last month, Sudan’s Central Bank was the only formal channel for miners to export the precious metal. On January

With elections just over six months away, the release of Cristina Fernandez de Kirchner’s autobiography, Sincerely, has sent Argentinian bond yields soaring. But why has the suggestion of a Fernandez presidency spooked the bondholder community? Ms Fernandez, who oversaw the country from 2007 to 2015, has not yet declared

China has recently drawn fiscal bows from its policy quiver Over the past few weeks, articles have spawned and multiplied about efforts to stimulate the Chinese economy through fiscal policy, see China Targets Stimulus. But few of these articles have examined how officials are attempting to breathe life into businesses

The political economy zeitgeist appears to be giving off static noise. On the one hand we’re told China is seeking to expand its influence through Belt and Road, on the other it is turning its attention inwards to focus on domestic consumption. Perhaps China’s political elite, ever the