Should Investors Still Buy Venezuelan Bonds?
After Goldman Sachs purchased $2.8 billion in Venezuelan bonds, many were quick to point out the deal's adverse effects on the country's people. PS editors Whitney Arana and Jonathan Stein discuss the matter, using analysis from a recent column by Ricardo Hausmann, a former minister of planning of Venezuela. He proposes a way out for index investors wanting to finance emerging markets, but not odious regimes. You can read Hausmann's column at bit.ly/2qm7sHR.
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