The government's main concern is clearly the value of the market dollar; the informal, the MEP and BCS. Beyond the monetary illusion that invades society and that makes possible headlines such as "...
The Argentine Currency Board
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The Argentine Currency Board
Kiguel, 1999.
This paper evaluates the usefulness of a currency board regime based on Argentina’s experience. Argentina adopted the currency board in March 1991 to put an end to a long history of large macroeconomic imbalances and high inflation that culminated in the hyperinflation process of 1989-91. The regime has been extremely successful in restoring macroeconomic stability and ensuring low inflation. The adoption of a tight fiscal stance, and of sound polices to strengthen the financial system were critical to ensure the resilience of the economy to respond to adverse external shocks.
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