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Montevideo, June 8th 2023 - 22:16 UTC

Tag: Kenneth Rogoff

  • Thursday, October 3rd 2019 - 08:52 UTC

    The IMF after Argentina

    IMF staff know very well that countries with a history of serial default, such as Argentina and Venezuela, ride a slippery slope in debt markets

    By Kenneth Rogoff (*) - It’s high time to ask how to refocus the International Monetary Fund’s mandate for dealing with emerging-market debt crises. How can the IMF be effective in helping countries regain access to private credit markets when any attempt to close unsustainable budget deficits is labeled austerity?

  • Thursday, August 10th 2017 - 19:56 UTC

    Rogoff warns about personal and corporate debt as main threats to global economy

    “If something was to happen that pushes interest rates up, we could see a lot of soft spots - places where there is high debt - start to unravel,” Mr Rogoff said.

    A sudden rise in interest rates poses the greatest threat to the global economy, the IMF's former chief economist has told the BBC. Ken Rogoff, who famously predicted a big bank would collapse during the financial crisis, warned that people had got used to ultra-low interest rates and said the economic policies of the Trump administration posed a risk.

  • Thursday, October 16th 2014 - 07:30 UTC

    Venezuela 'ripe' for default on foreign debt forecast Reinhart and Rogoff

    The world-renowned economists wrote that the Venezuelan economy had been so badly mismanaged that GDP per capita was two per cent below 1970 levels

    Venezuela will almost certainly default on its foreign debt, according to Harvard economists Carmen Reinhart and Kenneth Rogoff. They add that the beleaguered Latin American economy has already defaulted on “every conceivable kind of domestic debt”.

  • Thursday, August 7th 2014 - 07:22 UTC

    Global system used for sovereign-debt workouts remains badly in need of repair

     This is not the first time that an Argentine default has upended international capital markets; it would be its fourth, according to Rogoff.

    By Kenneth Rogoff (*) - Argentina’s latest default poses unsettling questions for policymakers. True, the country’s periodic debt crises are often the result of self-destructive macroeconomic policies. But, this time, the default has been triggered by a significant shift in the international sovereign-debt regime