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Argentina’s Peso Crisis, Capital Flows and Financial Fragility in Emerging Markets 

Argentina’s Peso Crisis, Capital Flows and Financial Fragility in Emerging Markets  On May 4, the Banco Central de la Republica Argentina, the country’s central bank, raised policy interest rates to a whopping 40 percent to stem the rapid depreciation of the national currency, the peso. The surprise rate increase was the third in a week […]

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Mexican Peso Dives, Fretting Begins About Peso Crisis

Mexican Peso Dives, Fretting Begins About Peso Crisis “Everyone got used to playing with free, easy money. Now it’s going to cost us.” On July 1, the Financial Times wondered just how low the Mexican peso could go, likening the ill-fated currency to a limbo dance: “Every month, it gets just that little bit lower.” In […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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