Currency controls will not curb crisis in Argentina

Despite currency controls to protect reserves, Argentina's debt crisis is becoming increasingly self-perpetuating

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Further Mexico rate reductions look likely

Monetary policy may be the only lever available to stimulate growth

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Economic outcomes risk suffering collateral damage from the battle between politicians and ‘independent’ central banks

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Deleveraging and years of ultra-low rates have cut the chance of contagion but sector- and country-specific risks linger

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As Russians struggle to balance household budgets, many are resorting to loans and borrowing unsustainable sums

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Lower rates for longer means that eventual rate rises and costlier debt payments may shock vulnerable debt holders

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Moscow and Minsk say they are serious about unification but use the process as a forum for airing disputes

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The government's spending power is increasing but checks on that power remain almost entirely absent

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Erdogan’s long-term fate probably depends on his economic management, but this continues to be unorthodox

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GDP grew for a third successive quarter during the April-June period this year

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