international analysis and commentary
Browsing Tag

debt

Managing debt in the developing world

The impact of Covid-19 and then the war in Ukraine have dealt grievous blows to developing countries, especially to the poorest and most vulnerable ones. Events have conspired to rapidly increase the burden of their level of debt. The rise…

The euro and the dollar

The euro fell below parity with the dollar on 23 August 2022 for the first time in twenty years. The best explanation is monetary policy and not purchasing power. A euro buys a lot more than a dollar, whether the frame of reference is Big…