As expected, the Fund's Board of Directors approved the review of Argentina's program, although it made it clear that Massa failed to meet all goals. The IMF applauds the fiscal effort promised by...
The Trends Behind the Forced FX Equilibrium
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The Trends Behind the Forced FX Equilibrium
Fourth week
February 2020
In the short term we face a situation of “forced” equilibrium in the FX market, which is conditioned by the restrictions and taxes that affect the demand of dollars. In the long term, these restrictions and costs must be granted flexibility due to their harmful effects, discouraging exports and affecting the behavior of businesses and individuals.