When it comes to their savings, households want to make sure they choose a type of investment that keeps their money safe and provides a reliable return. While in developed economies these requirements can be met by a simple bank account, in Latin America lack of trust in financial institutions discourages individuals from investing their savings in financial products. Some … [Read more...] about Argentina’s Residential Real Estate: A Magnet for Savings that Trumps Bank Accounts
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Debt and Money: Tales from Greece, Argentina and Puerto Rico and the Danger of Delay
An Irish joke runs that a tourist, lost in the countryside, asks a local the way to Dublin. The Irishman ponders the question carefully and looks at the puzzled foreigner, and after a good while responds, “It’s complicated, I wouldn’t start from here.” And so it is with most sovereign debt restructurings, but does it always have to be this way? Delay risks dire consequences; … [Read more...] about Debt and Money: Tales from Greece, Argentina and Puerto Rico and the Danger of Delay
Tango Lessons for Greece?
Is Greece poised to default on its debt? What happens when its bailout program expires at the end of the month? Will it pull out of the Eurozone? Analysts around the world are betting on a “Grexit,” including Former-Fed Chairman Alan Greenspan who suggested “it’s just a matter of time” until the Eurozone countries, led by the fiscally conservative Germans, and Greece’s leftist … [Read more...] about Tango Lessons for Greece?