Por Miguel A. Kiguel
Todos sabemos cómo funciona el cepo, y hemos aprendido a vivir con tasas de interés reales negativas, a usar el dólar Contado con Liqui para eludir los controles...
Argentina's Economic Outlook 2Q 2014
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Argentina's Economic Outlook 2Q 2014
Second quarter
2014
The outcome of the negotiations with the holdouts will have a decisive effect on the outlook for the Argentine economy. Argentina has no furthers possibilities to appeal Griesa's ruling and hence the options are either to reach an agreement with the holdouts or to face a new default.
If the outcome is an agreement and Argentina finds a mechanism to pay without triggering the RUFO clause, we anticipate a further rally in the prices of Argentine bonds and a quick recovery in economic activity.