While Mozambique’s tuna bond affair is country-specific, its need to borrow is typical for all low income countries.
How a Fake Country Fooled the Big Banks
As an emerging markets investor in 19th century South America, it was tough to find out what was really happening. At best, up-to-date news had a three month journey. Even with good winds, the round trip between London and South…
Why the World Economy is Growing More Slowly
In most of the world’s advanced economies, there are gains in certain areas and lagging regions elsewhere that create a disparity and less economic growth.
Greece’s New Bailout Problem
As Greek bailout talks continue, European monetary officials are also concerned that a Greek statistician could receive a life sentence for reporting accurate macroeconomic statistics.
The Downside of a Greek Bailout
The Greek response to new bailout talks and more fiscal austerity ranged from a Scrooge Christmas card to a larger underground economy.
