A panel discussion in Washington DC on the present and future of Argentina's politics and economy. Guest panelists include Otaviano Canuto (Center for Macroeconomics and Development, Policy Center for the New South, and Brookings), Rafael Mathus Ruíz (DC correspondent for Argentina's La Nación newspaper) and Arturo Porzecanski (economist and professor at American University). Hosted by journalist Adrian Bono.
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.
The diffusion of knowledge and technology worldwide in recent decades has brought important changes to the global innovation landscape. But those changes could be much more profound if countries created more supportive investment environments.
Capital Finance International (Spring, 2019) China’s economic growth has been sliding since 2011, while its economic structure has gradually rebalanced toward lower dependence on investments and current-account surpluses. Steadiness…
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.
China’s economic growth has been in a downslide trend since 2011, while its economic structure has gradually rebalanced toward lower dependence on investments and current-account surpluses. Steadiness in that trajectory has been accompanied by rising levels of domestic private debt, as well as slow progress in rebalancing private and public sector roles. As the ongoing trade war with the US continues to unfold, it remains unclear at which growth pace China’s rebalancing will tend to settle.
Last December, Eric Ntumba and I were asked by the organizers of the 7th Atlantic Dialogues whether we could see spots of vulnerability to shocks in the global financial…
Recent reforms have helped improve Brazil's business environment. Further changes could do away with the "Brazil cost" once and for all.
Brazil’s future hinges on the implementation of smart, gradual, and coherent economic reforms that facilitate productivity growth and put the country on the path toward fiscal sustainability. Whoever wins the upcoming election has a responsibility to address that imperative.
The Brazilian economy is suffering from a combination of ‘productivity anemia’ and ‘public sector obesity’
Dollar strengthening and political uncertainty impair emerging markets
The diffusion of knowledge and technology worldwide in recent decades has brought important changes to the global innovation landscape. But those changes could be much more profound if countries created more supportive investment environments.
3 July 2018 - Otaviano Canuto How innovation can flow from globalisation il issue of the International Monetary Fund's World Economic Outlook included a chapter on how globalisation has…
FINANCIAL STABILITY SERIES: MONETARY INSTABILITY IN ARGENTINA Mon 4 Jun 2018 OMFIF Focus Podcast – Financial stability series: ‘Monetary instability in Argentina.’ Otaviano Canuto, executive director at the World…
Argentina and Turkey combine balance-of-payments fragility and exposure to dollar appreciation