This newsletter begins with a report on the meeting of G20 Ministers of Finance and Governors of Central Banks that took place in Buenos Aires, Argentina on 20-21 July 2018. The gathering was remarkable for its general failure to act on the issue of financial instability, which many developing countries are currently experiencing. The second article explains how quantitative easing in Western countries has led to financial volatility in developing countries as well as government and corporate debt, with all of its potential negative consequences. Nevertheless, numerous potential intervention measures have yet to be instituted.
Myriam Vander Stichele,
Senior researcher at SOMO