FT Lex column: Argentina/election: dollarising disrupter brings instability

“The widespread hope is that Abinader’s second term will see further measures to improve the public finances,” said William Jackson, chief emerging markets economist at Capital Economics, in a client...

Officially, there are 353 pesos to the dollar. Fair value is closer to 600 pesos, thinks William Jackson at Capital Economics. Black marketeers put it at about 900 pesos.

William Jackson, chief emerging markets economist at Capital Economics, said the second-quarter numbers suggested the Brazilian economy was in stronger health than many had thought. “We think growth...