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Search resuls for: "Rudiger Dornbusch"


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Opinion | Trump Is Flirting With Quack Economics
  + stars: | 2024-04-29 | by ( Paul Krugman | ) www.nytimes.com   time to read: +2 min
I wish people would stop calling Donald Trump a populist. He has, after all, never demonstrated any inclination to help working Americans, and his economic policies really didn’t help — his 2017 tax cut, in particular, was a giveaway to the wealthy. But his behavior during the Covid-19 pandemic showed that he’s as addicted to magical thinking and denial of reality as any petty strongman or dictator, which makes it all too likely that he might preside over the type of problems that result when policies are based on quack economics. Now, destructive economic policy isn’t the thing that alarms me the most about Trump’s potential return to power. Prospects for retaliation against his political opponents, huge detention camps for undocumented immigrants and more loom much larger in my mind.
Persons: Rudiger Dornbusch, Sebastian Edwards, wasn’t, , Recep Tayyip Erdogan of, Donald Trump, he’s, Biden Locations: Latin America, Argentina, Venezuela, Recep Tayyip Erdogan of Turkey, United States
LONDON, Nov 22 (Reuters) - Nomura has warned that seven countries - Egypt, Romania, Sri Lanka, Turkey, Czech Republic, Pakistan and Hungary - are now at a high risk of currency crises. Based on data from 61 different EM currency crises since 1996, Nomura estimates that a score above 100 indicates a 64% chance of a currency crisis in the following 12 months. Default-stricken Sri Lanka and currency crisis-regular Turkey both generate scores of 138, while the Czech Republic, Pakistan and Hungary notch 126, 120 and 100 respectively. Nomura also ran the Damocles model on the G7 group of leading economies, with the results showing that all but Japan now have Damocles scores above the 100 threshold, led by the United States and Britain. "It is somewhat surprising that there have not been more full-blown EM currency crises this year," Nomura added.
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