Professor of Economics/MacroFinance. Editorial Board @RIPEJournal Critical macrofinance, central banks, repos, shadow banking https://t.co/YGZItchHwL https://t.co/XPNo2sR5Gm
Aug 30, 2018 • 9 tweets • 5 min read
In early July, I expressed serious doubts that #IMF SBA program in Argentina is going to stay on track for long. The program, I argued, 'assumes that fiscal & monetary tightening will restore investor confidence, but ignores the tightening of global liquidity conditions'.
here we are, six weeks later, and #IMF announces that it will revise the terms of its SBA with Argentina ' In consideration of the more adverse international market conditions, which had not been fully anticipated in the original program' imf.org/en/News/Articl…
Jul 4, 2018 • 5 tweets • 1 min read
at Rome 3- day seminar on Maximising Finance for Development agenda of the World Bank & G20 w @ma_jose_romero@NanAlexanderHBS
key message: official development assistance dwindling, so let's attract USD 70 trillion institutional investors to achieve development outcomes
