A Guzmán le creen hasta ahí (propios y extraños): El mercado tomó nota de las declaraciones del ministro Guzmán. El mercado de futuros se ajustó y los bonos “dollar-linked” se pusieron muy...
The Argentine Currency Board
Papers
Back to
Back to :
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.
Other Reports that may be of interest
 |
 Resumen de variables macroeconómicas, del sector financiero y externo para el mes de Febrero 2021.
|