Tag Archive: Angola

Emerging Markets: What Changed

2018-01-13

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2018-01-13

China State Administration of Foreign Exchange (SAFE) disputed press reports that it was slowing or halting purchases of US Treasury bonds. Korean officials warned that it will take stern steps to prevent one-sided currency moves. Bulgaria is talking “intensively” with the ECB and other EU representatives about entering the Exchange Rate Mechanism by mid-year.

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The Dos Santos Succession Saga

2016-08-21

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2016-08-21

Arguably one of the easier calls for us to make after 37 years in power was that President dos Santos would find ways of affording himself another 5 years in. Like any ‘effective’ leader, Mr. Santos made sure the final deal to do just that was stitched up long before the Party Congress formally convenes in Luanda, with a lower level MPLA ‘Central Committee’ already rubber stamping his name in mid-August.

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China the lender of last resort for many oil producers

2016-06-21

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2016-06-21

Bawerk explains how China will be the lender of last resort of many oil producers. China might let collapse a smaller producer and become much smarter at covering its political bases across producer states to protect longer term sunk costs.

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“Time To Panic”? Nigeria Begs World Bank For Massive Loan As Dollar Reserves Dry Up

2016-01-31

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2016-01-31

Having urged "don't panic" just 4 short months ago, it appears Nigeria just did just that as the global dollar short squeeze forces the eight-month-old government of President Muhammadu Buhari to beg The World Bank and African Development Bank for $3...

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(2.7) The Most Complete Real Effective FX Rate Comparison

bruegel effective exchange
In August 2013 the Bruegel blog offered one of the best comparison of long-term real effective exchange rates (REER). The data is CPI based and therefore not as good as the producer price index (PPI) that reflects tradable goods better. However the data is huge with three different sources - BIS, World Bank, Eurostat, OECD and Bruegel. The data indicates how the real value of the currencies of China and many other Emerging Markets (EM) have...

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Balance of Payments Crisis: Did the Fed Cause the Euro Crisis with Excessive Monetary Easing?

Spending Euro Zone vs. US and Japan 2008-2013
The Fed's excessive monetary easing QE2 caused an inflationary period, that created a balance of payments crisis during which the Eurozone members were obliged to introduce excessive austerity measures.

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