A supermarket in Caracas, Venezuela, in August 2018. The prospect of prices doubling every hour encourages those who can afford it to horde. Hence the empty shelves and shortages.
Venezuela's hyperinflation has been caused by an inept public policy of printing more money and private individuals making the most of differences between official and unofficial exchange rates.
Venezuelan President Nicolás Maduro created a new cryptocurrency called the ‘Petro’ to combat hyperinflation.
Reuters/Carlos Garcia Rawlins
When an elected leader turns autocratic, the economy tends to suffer. That's because, in a functioning democracy, economic policy is made jointly, with lawmakers playing a key role.
A KFC in Harare, like many other shops, has shut down as a result of Zimbabwe’s financial crisis .
Emmerson Mnangagwa’s administration is struggling to overcome the national economic destruction wreaked on Zimbabwe over two decades under Robert Mugabe.
The value of Argentina’s peso has plummeted in recent months.
SC Image / Shutterstock.com
A number of emerging markets are struggling but this doesn't mean they are totally related.
Turkish president, Recep Tayyip Erdoğan.
President Erdoğan is accusing the West of striving to destabilise Turkey.
London’s financial district at night.
The London Interbank Offered Rates is one of the world's key financial tools, but the 2008 rigging scandal has led to calls for its being phased out. Can we find better ways of building the LIBOR rate?
The effects of a sovereign credit rating downgrade would be painful for all South Africans.
Could Jakarta be the new Shanghai?
The global financial crisis has morphed into its latest form: an emerging markets currency crisis. Investors are fleeing developing and middle-income countries – even those with strong long-term growth…