Covid-19, The Coming Developing Country Debt Crisis and The Argentina Debt Reduction Proposal
Even the IMF backs the new debt put forward by Argentina. Could it be a model for Covid-shocked emerging economies?
Read more...Even the IMF backs the new debt put forward by Argentina. Could it be a model for Covid-shocked emerging economies?
Read more...It may be simpler to enact a payments holiday than to try to get money to the hands of individuals who desperately need it.
Read more...The actions taken so far to salvage the single-currency union expose its fatal flaws. The last bout of stress will be a test to destruction if fundamental changes aren’t made.
Read more...Emerging market economies loaded up on debt after the crisis, which is now looking like a particularly bad move.
Read more...Some scattered but nevertheless telling signs of coronavirus impact.
Read more...Michael Hudson rings the changes on some of his favorite themes: the logic of ancient debt jubilees. and the role of finance in contemporary rent extraction.
Read more...Another sign that America has gone banana republic: Brady Bonds, used in the Latin American debt crisis, would be suitable medicine for our corporate debt hangover.
Read more...Micheal Hudson explains how the ancient approach to managing debt is far superior to ours.
Read more...The UK embraces modern monetary theory….and perhaps hopes no one notices.
Read more...In the face of massive economic calamity caused by coronavirus, Michael Hudson argues a debt jubilee is the only way to avoid a depression.
Read more...Why the Republicans’ planned coronavirus bazooka isn’t big enough.
Read more...Unhappy families may all be different, but financial crises are pretty much the same, rooted in debt overhangs, and one has been brewing.
Read more...An ambitious deleveraging plan as a Covid-19 response.
Read more...Germany’s long-standing practice of muscling the European Union to serve its own ends now risks dissolution and a banking system crisis.
Read more...The Fed just told everyone to assume the brace position.
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