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...
When It Rains, It Pours: the Economy in Times of Coronavirus
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When It Rains, It Pours: the Economy in Times of Coronavirus
March 2020
After two weeks of gradually ramping up social distancing measures, on March 19th President Fernández announced a nationwide mandatory quarantine. Although the quarantine ends on March 31st (coincidentially the set deadline for the debt restructuration) the evidence from Asia and Europe suggests it may be necessary to extend the measure. Days before, Minister of Economy Guzmán and Minister of Production Kulfas had presented an emergency economic package, which includes special bonuses for retirees with minimum pensions and welfare recipients, strengthening unemployment insurance, favoring public works and a freeze on prices for basic goods during 30 days. Private and public banks will offer ARS 350 billion on soft loans for struggling companies.
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