The UK is a country of just 242 thousand square kilometers (compared to Mexico’s 1.9 mn, Argentina’s 2.7 mn and Brazil’s 8.4 mn) located about 7,000 km from Barbados and more than 7,500 km from anywhere on the mainland of Latin America (it’s just over 7,500 km from London toRead More

Las ciudades existen, entre otras razones, porque permiten reducir los costos de comercio y producción para los agentes económicos (economías de aglomeración) [1]. Muchos pronosticaron que el avance de la comunicación y el comercio virtual atenuarían el cada vez mayor protagonismo de las ciudades. Sin embargo, las grandes ciudades delRead More

By Carmen Reinhart. Published in Project Syndicate on June 29, 2016. CAMBRIDGE – The United Kingdom’s Brexit referendum has shaken equity and financial markets around the world. As in prior episodes of contagious financial turmoil, the victory of the “Leave” vote sent skittish global investors toward the usual safe havens.Read More

By Ben Bernanke. Originally published in Brookings on June 28th. After several days of market upset, a few reflections on last week’s momentous vote in Great Britain. Even more obvious now than before the vote is that the biggest losers, economically speaking, will be the British themselves. The vote ushersRead More

By Simon Wren-Lewis. Published in the blog Mainly Macro on June 25, 2016. Mediamacro love their focus on ‘the markets’, and this leads to talk that makes Brexit sound like a major financial crisis. It almost certainly is not that. Impact on the UK economy At the heart of BrexitRead More

By Kenneth Rogoff. Published on Project Syndicate on June 24, 2016.  CAMBRIDGE – The real lunacy of the United Kingdom’s vote to leave the European Union was not that British leaders dared to ask their populace to weigh the benefits of membership against the immigration pressures it presents. Rather, itRead More

By Chris Patten. Published on Project Syndicate on June, 24, 2016. OXFORD – Thursday night is said to have been momentous for those who campaigned to leave the European Union and turn Britain’s back on the twenty-first century. On that, at least, I can agree. As Cicero wrote: “O wretched andRead More