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Head to octopusevo. Welcome to Money Talks.

Coming up on the programme, how digital technology is reaching people who don't have access to banks.

Digital identity in the emerging markets is people having a smartphone connected to the internet.

And if you give them a financial identity

without having the digital identity they continue to belong to the world of

have nots. And Philip Kogan transforms into Dr. Who gets in his Tardus and looks back at 12 years of his buttonwood column.

The financial markets like a teenager who crashes a car and leaves their parents with the bill

have done a lot better than the economy.

The global economy has never really recovered to the health it was before that crash and the financial markets have.

First, the last couple of weeks have seen torrid times in Argentina where the central bank has had to respond to the currency

weakening steadily and then faster and faster by raising interest rates an extraordinary

three times. The policy rate now stands at 40%. That's created worries not just about Argentina,

but about emerging markets more broadly.

Simon Cox joins me down the line.

Simon, last week's orbit of a wobble in emerging markets.

What was that about? There were a couple of a wobble in emerging markets. What was that about?

There were a couple of reasons, one global, the other more specific to Argentina.

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