In this episode, I spoke with Alex Nice of the Economist Intelligence Unit about Kazakhstan's decision to float its national currency after more than a year of trying to defend it against devaluation. We used the Kazakhstani decision as a launching point to discuss regional economic forecasts and the likelihood of other governments being forced to float or devalue.
Questions discussed in the podcast include: Is Kazakhstan truly floating the tenge? What vulnerabilities are their in other countries in the region? What are the likely consequences of the current economic crisis now that it is intensifying and becoming more clear?
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