Clik here to view.
Colombia: questions emerging over central bank independence
Photo: Bloomberg Some people believe Colombia’s central bank has done everything right in recent years. During the worst times of the global economic crisis, it was gaining credibility by the hour. Its...
View ArticleClik here to view.
Nigeria’s banks: expanding too fast after the cleanup?
After the crisis of 2009, Nigeria’s banking system has been cleaned up, with the sector performing impressively this year. So everything’s fine? Not quite, according to a new report by the ratings...
View ArticleClik here to view.
Malaysia: GDP growth beats forecasts
Emerging markets haven’t quite lost their capacity to deliver a pleasant surprise. With the global economy slowing fast, economists had forecast 4.6 per cent for Malaysia’s GDP growth in the three...
View ArticleArgentina: companies hold dollars and borrow pesos
Argentina’s government, which has settled with the holders of more than 90 per cent of the nearly $100bn debt on which it spectacularly defaulted in 2001, holds up “disindebtedness” as one of its...
View ArticleClik here to view.
Curb your Uruguayan enthusiasm
Uruguay prides itself on being an open, investment-orientated economy. So what is it doing imposing capital controls? Trying to deter hot money – aka short-term capital inflows — is the answer. The...
View ArticleClik here to view.
Guest post: floating rouble could bring equity investors rich rewards
Bruce Bower of Verno Capital. Market watchers have been preoccupied with a myriad of crises over the last three years, but it is still surprising that the world seems to have missed an important...
View ArticleClik here to view.
Africa: new frontier for the renminbi
The internationalisation of the renminbi is reaching deep into Africa. This month the central banks of Nigeria and Tanzania joined their counterparts on other continents in adding renminbi to their...
View ArticleClik here to view.
Guido Mantega: history man?
Once and future finance ministers? Could Guido Mantega, Brazil’s finance minister and the man who coined the term “currency war”, be about to be cast aside? Yes, if you believe Blog do Vincente at...
View ArticleClik here to view.
Ecuador: who needs an economics degree (except the central bank boss…)?
It seems in every family there are secrets and lies. On Wednesday afternoon, Pedro Delgado, the cousin of Ecuador’s President Rafael Correa, and the Andean country’s central bank president, stepped...
View ArticleColombia: economic growth trails neighbours
After last month’s slap in the face when Brazil released shocking GDP data at only 0.6 per cent, Colombia followed suit on Thursday announcing surprisingly weak third-quarter growth. The Andean...
View ArticleClik here to view.
Peru to prepay debt as currency soars
The Peruvian sol has started 2013 as it ended 2012: trading around its strongest level in 16 years in spite of central bank dollar purchases on local markets of as much as $40m a day. Those purchases...
View ArticleClik here to view.
Hungary’s ‘catastrophic’ minister
The Hungarian forint slipped by 0.67 per cent against the euro on Thursday after Gyorgy Matolcsy, the economy minister who has been tipped as the next governor of the central bank, described previous...
View ArticleS Korea holds rates as economy tepidly recovers
South Korea’s central bank on Friday held the base interest rate at 2.75 per cent for the third successive month, after signs that the national economy is picking up after a subdued performance last...
View ArticleClik here to view.
Play it again, Viktor: Ukraine votes (twice) to appoint central bank governor
We can't vote like this President Viktor Yanukovich’s majority in parliament on Friday voted in a loyalist to head the country’s central bank in what is expected to be a fiscally challenging year, but...
View ArticleClik here to view.
Colombia, Peru and Costa Rica join currency war
Readers already know that Brazil is at the helm of the currency war when it comes to Latin America. However, increasingly, Colombia, Peru and even Costa Rica are turning into brothers in arms,...
View ArticleClik here to view.
Snip, snip: Colombia cuts again
Last July, Colombia made its first rate cut since 2010. Since then, it has been on a chopping spree. On Monday, the Andean country’s central bank trimmed rates once again by a quarter point to 4 per...
View ArticleClik here to view.
Guest post: does succession question weigh on Russia’s central bank?
By Ivan Tchakarov of Renaissance Capital Despite the chorus of complaint about high interest rates from president Vladimir Putin down, The Central Bank of Russia (CBR) on Tuesday stuck to its guns and...
View ArticleClik here to view.
Indonesia: finance minister faces hurdles over nomination to central bank
Agus Martowardojo Indonesian President Susilo Bambang Yudhoyono has set the cat among the pigeons with a surprise choice of nominee as central bank governor to succeed Darmin Nasution, whose term ends...
View ArticleClik here to view.
“No pressure” says Indonesia’s ousted fin min but supporters see dark forces
When news broke over the weekend that Indonesia’s president was proposing to move Agus Martowardojo, the highly regarded finance minister, to the less influential role of central bank governor, most...
View ArticleClik here to view.
Matolcsy: Hungary’s finance minister, conspiracy theorist, and central banker?
Hungary’s next central bank governor is expected to be named on Friday and György Matolcsy, finance minister, is the most hotly-tipped candidate. So Matolcsy’s weekly newspaper column on economics,...
View Article
