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...
The Financial Restrictions’ Diminishing Returns
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The Financial Restrictions’ Diminishing Returns
Third week
May 2020
The FX spread reached 100% last week measured as the difference between the parallel dollar and the official rate. It was a little less in its “Blue Chip Swap” and “MEP” variations. According to the records, this represents the greatest spread in 30 years. This difference between the official dollar and the rest creates countless distortions in the economy, which can be a hard place to get out of, aside from temporary improvements.
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