It takes more than two to tango: Cry, but not for Argentina, nor for the holdouts

Jeffrey Frankel, 22 July 2014

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US federal courts have ruled that Argentina is prohibited from making payments to fulfil 2005 and 2010 agreements with its creditors to restructure its debt, so long as it is not also paying the few creditors that have all along been holdouts from those agreements.

Topics: Development, Global governance
Tags: Argentina, sovereign debt, US

External integration, structural transformation, and economic development: Evidence from Argentina 1870-1914

Pablo Fajgelbaum, Stephen Redding, 12 July 2014

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External economic integration is often argued to be an important driver of economic development, as it raises income through specialisation in comparative-advantage sectors, provides low-cost access to imported goods, and shapes the pattern of structural transformation from agricultural into non-agricultural activities.

Topics: Development, Economic history, International trade
Tags: Argentina, comparative advantage, integration, specialisation, trade costs

Sustaining trade reform: Institutional lessons from Peru and Argentina

Elías A. Baracat, J. Michael Finger, Julio J. Nogués, Raúl León Thorne, 28 October 2013

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Beyond removing restrictions, trade reform in Latin American in the 1980s and 1990s was also an attempt to reform the culture of policy management, and in some countries to introduce an optimistic, ‘Asian’ perspective into trade politics. In Peru, reforms have been sustained over several changes of president.

Topics: Institutions and economics, International trade
Tags: Argentina, Latin America, Peru, reform, trade liberalisation, WTO

Greece’s predicament: Lessons from Argentina

Mickey Levy, Peter Kretzmer, 16 May 2012

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Argentina’s deepening recession, run on banks and associated social unrest in 2000-1 stemming from its own policy mistakes forced it to default and abandon its US dollar currency peg. The Argentine peso depreciated dramatically. Inflation soared temporarily, battering standards of living.

Topics: Europe's nations and regions, Monetary policy
Tags: Argentina, default, Eurozone crisis, Greece

Argentina's latest looming crisis

Eduardo Levy Yeyati, 7 November 2011

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Argentina tends to elicit extreme views from economic analysts and commentators, ranging from reborn enthusiasts that marvel at the country`s unexpected performance to the point of promoting an “Argentine solution” to European problems, to sceptics that continue to expect a sudden stop to the ongoing bonanza.

Topics: Global crisis, International finance
Tags: Argentina

How Argentina left its Eurozone

Eduardo Levy Yeyati, 2 October 2011

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The European predicament is:

Topics: EU policies, Europe's nations and regions, Monetary policy
Tags: Argentina, devaluation, Eurozone crisis, fiscal union

Argentina and Greece: More similarities than differences in the initial conditions

Miguel Kiguel, 16 August 2011

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The parallels between the sagas of Argentina and the Eurozone are important and instructive. Cavallo (2011) has broached the issues; here I offer an alternate view of the lessons for Europe. This is based on my somewhat different view of the key flaws that led to the demise of Argentina’s experiment with a currency board.

Topics: Europe's nations and regions, Global crisis
Tags: Argentina, Eurozone crisis, Greece

Are capital controls effective?

Eduardo Levy Yeyati, 20 January 2011

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“Not only are they ineffective but, in addition, they raise domestic interest rates.” This type of internally inconsistent commentary is not unusual when discussing capital controls – a subject marked with strong beliefs and weak data.

Topics: International finance
Tags: Argentina, capital controls, Chile, protectionism, US

Argentina’s border emergency-kit in times of global crisis: In case of fire, break the glass

Demián Dalle, Federico Lavopa, 11 January 2011

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After the outbreak of the global financial and economic crisis in mid-2008, unilateral and discriminatory trade measures multiplied in number.

Topics: International trade
Tags: Argentina, Global Trade Alert, protectionism

Leaving the euro: What’s in the box?

Eduardo Levy Yeyati, Mario I. Blejer, 21 July 2010

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The turmoil in Europe is not abating. True, some calm has returned to the markets after the initial storm, but tenacious misgivings about the euro project in general are growing, driven by disenchantment with the policy responses and a realisation of the magnitude of the problem.

Topics: Europe's nations and regions, Exchange rates
Tags: Argentina, currency crisis, Eurozone crisis, Fiscal crisis

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