The International Monetary Fund (IMF) stated on Wednesday that both financial and banking sectors in Latin America “should keep their guards up” before the recent and fast growth of the credit, though the lender doesn’t see any overheat of the region’s economy. Read full article
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Disclaimer & comment rulesTWIMC
Apr 18th, 2013 - 04:32 am - Link - Report abuse 0Article says.....:
“Emerging markets need to keep their guard up against deteriorating bank asset quality and disruptive capital flows” Viñals added........
I say....:
Like in Argentina during the 90's?
When the Buenos Aires Chicago Boys together with their New York Chicago Boys chums and their London Chicago Boys pals designed the cunning plan of........:
1) Issuing State Guaranteed Private Dollar Denominated Debt Bonds?
2) Issuing State Guaranteed Private Dollar Denominated Debt Bonds with an interest rate three times higher than the going international rate?
3) Issuing State Guaranteed Private Dollar Denominated Debt Bonds under the jurisdiction of foreign courts and organizations?
Is that what you are warning us against Sr. Viñals ???
@1 No. He means CFK and her cronies stealing and lying. How many illicit millions has she salted away now? Are YOU getting your share?
Apr 18th, 2013 - 12:07 pm - Link - Report abuse 0And who can the Rgs blame for the last decade of failure?
Apr 18th, 2013 - 01:15 pm - Link - Report abuse 0The USA has stayed well away
Who's gonna bail them out this time
BCRA reserves are under U$40B by their own overly generous accounting
Leak rate 9.1/1 and falling
Real Estate transactions are non-existent
Crops...eh
but certainly not enough to pay for the fuel they need this year
@1
Apr 18th, 2013 - 01:23 pm - Link - Report abuse 0No, he is not saying that.
“Emerging markets need to keep their guard up against deteriorating bank asset quality and disruptive capital flows”
=
beware contagion.
“he did not encourage the use of capital controls”
=
Do NOT do what Argentina does.
“flexible exchange rates, the level of foreign exchange reserves, adjustments in the monetary and fiscal stances and macro-prudential policies could be used”
=
Do what Chile does.
All very sensible really.
PS:
You blame the Yanquis for your Junta
You blame Thatcher for sinking the Belgrano
You blame the Chicago Boys for your default
Who are you going to blame for the monumental ferk-up CFK is making right now?
The NY courts perhaps?
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