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Credit affects individuals’ perceptions and experiences of inequality. Having access to credit enables those in lower- and middle-income groups to consume an array of products and services that they otherwise would not be able to afford, thereby taking the edge off discontent. Citizens with...
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In the debate about a possible exit of Greece from the euro area, Argentina is often referred to as an example - both by those in favour of and those warning of the adverse effects of a Grexit. Yet, while Argentina pulled off an impressive economic recovery after its 2001-02 crisis - one that...
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The global economy continues to show an upward trend - albeit at a slower pace - for the eighth year running, although performance differs considerably from country to country. What is the outlook for 1990 as a whole?
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