IA Events

Lecture: The two-speed global crisis and its impact in Latin America

Publication date: Feb 20, 2014 10:55:41 AM

Start: Mar 4, 2014 5:30:00 PM
End: Mar 4, 2014 7:30:00 PM

Location: UCL-Institute of the Americas, 51 Gordon Square, London, WC1H 0PN

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Oscar Ugarteche (UNAM, Mexico; Newcastle) - The global crisis started in August of 2007 and has had differentiated impacts due to a combination of negative interest rates  and expansionary monetary policies in the advanced economies. A process of triple arbitrage has been at work since then where interest rates, financial asset price and currency price differentials have impacted on short term capital flows. This has led to a heavy "tail wind" on economic growth while stagnation hit the core capitalist economies. The reverse process is now in process. 

Oscar Ugarteche is a researcher at the Instituto de Investigaciones Económicas UNAM, Mexico City, and currently a Santander Visiting Fellow at Newcastle University. He is the author of La Gran Mutación. El capitalismo real del siglo XXI (IIEC UNAM, Mexico, 2013), The False Dilemma (Zedbooks, London, 2000) and Arqueología de la Modernidad (Desco, Lima, 1998) among other publications.

Attendance is free of charge but registration is required.