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...
Doing Nothing Is Not an Option
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Doing Nothing Is Not an Option
Third week
November 2021
The midterm elections have passed. While the Government improved on its numbers from September, it still faced defeat and gave up seats in Congress. The President has announced he will present an economic plan, including an IMF deal, in early December. One of the many pressing questions is what will happen with the exchange rate. The situation is pressing because an FX spread above 100% is very tough to uphold. As we have already pointed out many times, the spread generates perverse incentives and ends up disorganizing the economy.
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