September 27, 2018Puerto Rico
Puerto Rico’s government and the bulk of the holders of Puerto Rico’s Sales tax backed bonds (COFINA) appear to have reached agreement on restructuring terms (details here). The deal will reduce Puer…
October 18, 2018Venezuela
Bankrolling the region’s biggest humanitarian disaster won’t win Beijing many friends.
October 9, 2018International Finance
A technical post on the q2 global reserves and balance of payments data … wonky.
September 25, 2018Monetary Policy
Improbably, the Federal Reserve is surviving the Trump era with its integrity intact. Jerome H. Powell, the Fed chairman since February, is quietly emerging as a skilled Washington operator.
September 24, 2018China
China still manages its currency. That’s hardly a shocking statement, I know. But I don’t fully subscribe to the view that China’s depreciation in the summer was simply a market move, given the dolla…
September 13, 2018Turkey
Turkey is in a bit of financial trouble. It isn’t clear that today's rate hike on its own will be enough. The rate hike will make the lira a bit more attractive to foreign investors (and will raise t…