Nouriel Roubini explains why many previously fast-growing economies suddenly find thems... - 0 views
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Nonetheless, the threat of a full-fledged currency, sovereign-debt, and banking crisis remains low, even in the Fragile Five, for several reasons
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Many also have sounder banking systems, while their public and private debt ratios, though rising, are still low
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But the short-run policy tradeoffs that many of these countries face – damned if they tighten monetary and fiscal policy fast enough, and damned if they do not – remain ugly.
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As it is widely known, transfer pricing is the major tool for corporate tax avoidance, and it creates current account deficit when a multinational company receives from its own branch