Those Gruelling U.S. Tax Rates: A Global Perspective
The Tax Foundation released its inaugural “International Tax Competitiveness Index” (ITCI) on September 15th, 2014. The United States was ranked …
Read More
Yet Another Greek Secret: The Case of Phantom Assets
When banks are in distress, it is important to assess how easily the bank’s capital cushion can absorb potential losses …
Read More
Follow Panama: Dollarize
Most central banks do one thing well: they produce monetary mischief. Indeed, for most emerging market countries, a central bank …
Read More
Venezuela: World’s Highest Inflation Rate
Venezuela’s bolivar is collapsing. And as night follows day, Venezuela’s annual implied inflation rate is soaring. Last week, the annual inflation rate …
Read More
Venezuela’s Inflation: Up, Up, and Away
Like the 2009 Oscar award-winning Pixar film Up, Venezuela’s annual inflation rate has soared sky high (see the chart below). …
Read More
Venezuela: Not Hyperinflating—Yet
Although Venezuela’s inflation has soared (see: Up, Up, and Away), Venezuela is not experiencing a hyperinflationary episode–yet. Since the publication …
Read More