President Javier Milei’s decisive electoral victory has revitalized Argentina’s liberal reform agenda and restored investor confidence. After last month’s setback in Buenos Aires, markets feared the liberal experiment was over.…
In this chartbook, we look at the balance of payments across DM and EM countries. The US does not fare well, but neither do a few other countries.
Global currency markets have entered a new era. This implies that the framework for analyzing exchange rates must also change. We introduce a new framework for analyzing EM currencies and classify them into…