China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

The truth about Asian investment banking

March 2006

Why Lavagna was the only man for the job


Guillermo Nielsen, Argentina's former finance secretary, on Roberto Lavagna, former economy minister.


Inside Argentina’s financial crisis | The fall and rise of Argentina | | “Can you pay me before I die?”

I first met Roberto Lavagna more than 25 years ago. When I finished my PhD at Boston University, I worked at FIEL, a small think-tank in Argentina. This was in 1979. I was working on a project aimed at calculating effective protection of the Argentine economy, a subject in vogue in our country at the time.

Lavagna had been director of the national board of prices in the mid-1970s, where he put together econometric work essential for the calculations I was...


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