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The first round of the Presidential elections has suddenly changed the political outlook, as Macri is now the front runner, and his party Cambiemos has a good chance of winning in the second round. All the opinion polls, for whatever value they might have, are showing that Macri is now leading by at least 6 percenta...

Throughout history, Argentina experienced several episodes of devaluation, understood as events where the exchange rate showed a significant discrete jump. Since the fifties, there were ten episodes of devaluation. This means that there was a devaluation, on average, every six years.

The election season is now under full swing. Macri scored victories in the city de of Buenos Aires and in Mendoza, while Scioli is consolidating its leading position within the official Peronist party (FPV) that won in Rio Negro and in Salta. At the moment, it looks that the election is heading towards a two man rac...