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

The fall and rise of Argentina



December 2001:
Economy minister Domingo Cavallo announces the corralito – sweeping restrictions on access to cash deposits designed to halt a run on the banks. The IMF suspends $1.3 billion in aid.

December 20 2001:
President Fernando de la Rua resigns after at least 25 people die in street protests and rioting.

December...


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