The Economic Implications of a Greek Default

A lot of media attention has recently been focusing on the potential for a Greek default and exit from the Eurozone, and last Tuesday night Greece failed to repay its IMF loan, becoming the first developed country to default with the IMF. Last Sunday Greece also imposed capital controls to prevent capital flight from occurring. Capital flight Read more about The Economic Implications of a Greek Default[…]

Big Mac Index

The Big Mac Index is published by the Economist and is used to demonstrate the idea of Purchasing Power Parity (PPP) and is a method of showing whether a currency is under or overvalued in relation to the US Dollar. The theory behind PPP is that all currencies should be equal, not in nominal terms, Read more about Big Mac Index[…]