Heterodox
[embedded content]Interview with an Argentinean radio (yes, in Spanish) on the Evergrande collapse and its possible consequences. It is clear to me that the dangers come more from having debt in foreign currency than the typical critique about crony capitalism, and the lack of credibility that The Economist, for example, has put forward. In The Economist view:Evergrande shows the importance of deeper financial reforms. But what might they look like? Liberal reformers have longed for a...
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