It isn’t just EM like Egypt that are desperately short of dollars. Here the price that Japanese banks are paying https://t.co/M2dZ2RCfXe
"Why, then, has the economic damage of such a comparatively mild pandemic been so huge?” @martinwolf_ asks Answer "because it could be.” We are rich
The shocks that shaped Putin: Inflation and depreciation of the Ruble in the 1990s are the backdrop for the project of rebuilding the Russian state
What are the financial stability risks in the US today? After March spasm, the Fed is seriously worried about maturity transformation by open-ended bond funds.