Monthly

Monthly Reports

What's next on monetary policy and exchange rate policies?

September 2018
There was another round of run on the currency during August, which was caused largely by local events. Although other emerging-markets currencies underperformed and put extra pressure on the exchange rate, the Argentine Peso was the worst: YTD it depreciated more than 100%, followed only by the Turkish Lira (75%). ...

Recalculating: new policies, new economic outcomes

July 2018
In Argentina the dollar is king, as some key indicators such as consumer confidence, the government’s positive image and financial stability dance at its tune. There are few countries where consumers, investors and politicians follow so closely the evolution of the exchange rate and where devaluations can topple gov...