Oscar Ugarteche (UNAM, Mexico) - 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. 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.
When & Where
UCL - Institute of the Americas
co-ordinating teaching and research on the Western Hemisphere. Its
wide coverage of the Americas includes the United States and Latin
America, the Caribbean and Canada, offering an opportunity to acquire
in-depth and multi-disciplinary knowledge of the Americas that is
unique in Europe.