Discover and read the best of Twitter Threads about #DebtCrises
Most recents (2)
1/12: YOUR GREED, OUR #DEATH: #ClimateDebt is killing us!
📢“We as a country and as a region did not start this war against nature. We did not provoke it. The war has come to us.” #DebtForClimate
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📢“We as a country and as a region did not start this war against nature. We did not provoke it. The war has come to us.” #DebtForClimate
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2/12: The richest tenth is responsible for almost half of all carbon emissions…
… ‼️Whereas the poorest half are only responsible for a tenth of #emissions.
#DebtForClimate #DeudaXClima
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… ‼️Whereas the poorest half are only responsible for a tenth of #emissions.
#DebtForClimate #DeudaXClima
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3/12: The average #carbonfootprint of someone from the richest 1% of #humanity is 80 times the size of someone from the poorest half.
#DebtForClimate #DeudaXClima
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#DebtForClimate #DeudaXClima
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A review of international studies on #currencymismatches and #debtcrises since the 1990s found that almost all financial and debt crises have been accompanied by deregulation, excessive debt growth and currency mismatches.
The above includes the Latin American debt crisis, the Asia financial crisis, the subprime mortgage crisis, the European debt crisis, the Argentine debt crisis, etc., currency mismatch indicators can successfully predict 11 of the 12 crises.
According to research by various international organizations, currency mismatches may lead to a 6-fold increase in the probability of systemic crisis in the banking industry, 12% increase of exchange rate overshooting , and 5.5% decline of GDP growth rate .
