Tag "default"
Under the Radar: Mongolia’s banks threaten economic crash
Mongolia’s risk-laden and poorly managed banks are a major threat to national stability, as a bond repayment deadline threatens to trigger a default.
Mozambique on course for default
After the revelation of hidden debts, the IMF has suspended its emergency aid to Mozambique, and the country is now on course for defaulting on its national debt.
China: Lender of first (and last) resort
Contemporary political analysis, though firmly focused on the yet to be created AIIB, should be equally as focused on the poorly covered Chinese bilateral lending relationships that already exist. China’s
Greece elections draw the Eurozone closer to political conflict
As Lithuania celebrates its entrance into the Eurozone, Greece contemplates its own exit for the second time. With the upcoming elections and the rise of the Syriza Party marking uncertainty
Argentina pushes for global debt restructuring mechanism
Argentina’s recent default has renewed interest in sovereign debt restructuring. And while developed countries still oppose the idea, placing it under the IMF may ease negotiations. Sovereign debt – the
Argentina’s debt restructuring options limited
On June 16th, 2014, the U.S. Supreme Court ruled in favor of NML Capital Ltd (NML) over the Republic of Argentina in a major debt settlement case. The ruling has implications not
Why the US Shutdown May Actually Mean Bigger Government
It sounds like the kind of lofty thought experiment that academics would ponder: What happens if the U.S. government shuts down? The event is full of paradoxes. On the one