24/11/2021Economía Financial Times - Reino Unido Política Económica Paul McNamara
Countries that deviate from economic orthodoxy pay a steep price
10/05/2019Argentina Financial Times - Reino Unido Mercados Paul McNamara
Emerging market crises in recent years have been mostly confined to small, marginal countries such as Belize and Jamaica. But last year saw trouble for two heavy-hitters. First, Turkey’s lira fell sharply as a credit-fuelled construction bubble turned to bust, then Argentina’s peso collapsed amid excessive foreign debt and soaring inflation.