It may be one of the most familiar words in economics. Inflation has plunged countries into long periods of instability. Central bankers often aspire to be...
Category - economy
During the Latin American debt crisis of the 1980s—a period often referred to as the “lost decade”—many Latin American countries found themselves...
On July 2, 1997, Thailand devalued its currency against the US dollar. This event, following months of speculative pressure that substantially depleted...
The North American Free Trade Agreement (NAFTA) was implemented to promote trade between the US, Canada, and Mexico. The agreement, which eliminated...
Capital flight is a large-scale exodus of financial assets and capital from a nation due to events such as political or economic instability, currency...