Sovereign defaults: a thought exercise

Sovereign defaults: a thought exercise

April 29, 2020
By ROB DWYER

Breathless reporting of the details of the Argentine government’s offer to bondholders tends to presuppose there is doubt in the outcome.

Argentina’s banks go from deep freeze into fire

Argentina’s banks go from deep freeze into fire

April 03, 2020
By ROB DWYER

They seemed to be emerging, blinking, into the light of a normal financial system under former president Mauricio Macri, but that moment has gone; the new administration has sent real rates negative, while economic and credit growth look to be years away.

Mexico resists triple whammy of risks

Mexico resists triple whammy of risks

March 05, 2020
By JEREMY WELTMAN

Analysts still see a sanctuary through the mist, despite Mexico experiencing little growth, confronting a debt overhang at Pemex and bracing for a supply shock as the coronavirus disease spreads.

Financial inclusion: Mexico plans a bank-building spree

Financial inclusion: Mexico plans a bank-building spree

March 04, 2020
By BEN EDWARDS

The government’s response to the lack of financial inclusion is to build thousands of new banks throughout the country, but it faces a big challenge in weaning potential customers away from the black economy.

Is Argentina headed for the rocks?

Is Argentina headed for the rocks?

February 17, 2020
By ROB DWYER

The rhetorical battle between Argentina’s government, the IMF and bondholders is heating up but the bigger – largely ignored – issue appears to be the country’s looming financial collapse.