ZAMBIA: Restructure or else…?
● Zambia’s payment position has steadily deteriorated, but the pandemic-related shock may well prove to be the tipping point, as suggested by recent news that the government will seek to restructure USD 11.2bn worth of external debt. ● The next Eurobond coupon payment worth U… Become a member to read the rest of this […]
ASIA: The politics of coronavirus – Weekly update
Below is the latest edition of our weekly Asia coronavirus update. Please do not hesitate to contact us if you want to discuss any of the countries mentioned in more detail. Graph of the week China China’s foreign ministry and propaganda apparatus appear to be dialing back t… Become a member to read the […]
MEXICO: AMLO probes political and economic reconfiguration opportunities
● President Andres Manuel Lopez Obrador (AMLO)’s wrong-headed economic assumptions and ideological blinkers continue to get in the way of his administration’s response to the economic fallout arising from the spread of Covid-19. ● The lack of any concerted fiscal stimulus prog… Become a member to read the rest of this article
EUROPE: The domestic politics of the post-coronavirus era
● Lack of agreement at yesterday’s Eurogroup reflects the continued importance of domestic political constraints; this warrants a look at the future trajectory for Europe’s party politics. ● The short-term increase in some leaders’ popularity might fade in the aftermath of the… Become a member to read the rest of this article
EUROPE: The politics of coronavirus – Daily update
Below is the latest edition of our daily Europe coronavirus update. Today we include a table summarizing the exit strategies from lockdowns being discussed in selected European countries. Please do not hesitate to contact us if you want to discuss any of the countries mentioned i… Become a member to read the rest of […]
Macro Series – Global Letter – Monetary Finance – Redux
Policymakers are not quite there yet, but are edging towards outright monetary finance. Forward thinking We have long argued that what was once considered unconventional monetary policy was here to stay and, if anything, likely only to become more unconventional. This st… Become a member to read the rest of this article