Saturday , 17 November 2018

The Argentine Peso’s Death Spiral

The Argentine Peso’s Death Spiral

A sharp selloff of the Argentine peso is sparking new inflation fears in South America’s second-largest economy. For a country that is heavily dependent on foreign capital and has ...

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Why has Argentina called in the IMF?

Why has Argentina called in the IMF?

It was an announcement Mauricio Macri hoped never to have to make. On May 8th Argentina’s exhausted-looking president declared that Argentina was seeking a credit line from the IM ...

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Argentina seeks $US30b IMF financing to address peso volatility

Argentina seeks $US30b IMF financing to address peso volatility

Financial Review - Argentina asked the International Monetary Fund for financing to help stem a five-month-rout in the peso that is sparking a surge in interest rates and threaten ...

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The dollar puts Macri between the sword and the wall

The dollar puts Macri between the sword and the wall

Last week, we witnessed a true exchange rate as it had not been seen in the country for a long time. In a period of only 5 days, the Central Bank sold 7% of its international rese ...

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Industry Dynamics and the Minimum Wage: A Putty-Clay Approach

Industry Dynamics and the Minimum Wage: A Putty-Clay Approach

Our research presents two new empirical findings on how the restaurant industry, the largest U.S. employer of low-wage labor, responds to minimum wage hikes. First, exit and entry ...

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In spite of everything, Argentina is on the right track

In spite of everything, Argentina is on the right track

Aldo Abram, Director at Libertad y Progreso, referred to the criticism that the national government has received for the increases in tariffs and the gradualism it is applying to ...

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Black clouds in the economic horizon

Black clouds in the economic horizon

ÁMBITO FINANCIERO - In January 2006, on the occasion of the use of international reserves to pay the IMF, I published an article warning that it was a very bad idea to get rid of ...

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Is economic growth slowing down?

Is economic growth slowing down?

EL CRONISTA - The quarterly data of Gross domestic product (GDP) arrives somewhat late. Right now, in March 2018, we only have information for the third quarter of 2017. If we loo ...

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The nonsense of Commercial Wars

The nonsense of Commercial Wars

Donald Trump revives theories that always ended in greater poverty. During my school years, they never taught me what an oxymoron was, neither at my university years. The first ti ...

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The dangerous protectionism of Donald Trump

The dangerous protectionism of Donald Trump

He warned us that he would do it. Donald Trump has unleashed a new trade war. He is a confessed mercantilist. We are only at the second skirmish. The first one was insensitively r ...

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