Without the debt and income guarantees provided by the Turkish government, many of the Turkish PPPs cannot survive bankruptcy. Read Here Photo with thanks to https://pxhere.com/en/photo/661535
First, let me answer the question in the title: I do not know because, according to conventional theories, when the realised and expected inflation rates are as high as they are in the United States […]
An interesting look at the current state of Modern Monetary Theory. Michael Hudson is a research professor of Economics at University of Missouri, Kansas City, and a research associate at the Levy Economics Institute of […]
Building on the International Monetary Fund (IMF) Global Debt Database (GDD) comprising debts of the public and private non-financial sectors for 190 countries dating back to 1950, Mbaye et al (2018) identify a recurring pattern […]
Would market volatility amidst global trade tensions and uncertainty cause a global recession? Although the world’s major central banks had managed to avoid risks in the first week of June, despite some small variations at […]
The global economy is heading towards a downturn. However, is the world prepared to deal with the consequences? Whether it is a slowdown or recession, it remains to be seen as to what the future […]
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