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Remittances accumulate an annual growth of 9.2% in the first 9 months of 2019, with an amount of 26,980 million USD. In September, unemployment rate in the US was 3.5%, the lowest rate observed in the last 50 years, since 1969. This condition drives the sending of remittances to Mexico.
The announcement of the launch of Libra, the digital currency that Facebook plans to implement, has sparked interest, concern and, above all, great uncertainty about its viability as a business and its financial and social impact.
Following a bonanza year in 2017, this year looks like becoming a year of losses for emerging financial markets. Since the beginning of the year these countries’ currencies have depreciated on average by close to 13%, their stock exchanges have fallen by 10% and their risk premiums have increased by nearly 100 bp. Are we on…