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Latin America’s Challenging External Environment: Old and New Forces


Looking ahead, Latin America faces no shortage of policy challenges, and many (if not most) of these have domestic economic and political roots. The problems confronting individual countries vary markedly in origin, nature, and severity, so it would be misleading to discuss many of these at the regional level. The economic implosion inflicted on Venezuela […]

Business and Regulation

The Fed’s Unwarranted Optimism about 2016


BY KAVI PATEL Backed by a 10-0 vote at the December 2015 Federal Open Market Committee Policy meeting, the Federal Reserve decided to increase the target Federal Funds interest rates by .25 percent for the first time since 2006. Chair Janet Yellen reaffirmed her confidence in the U.S. economy in a press conference that followed, and […]

Development and Economic Growth

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