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.
It takes more than two to tango: Cry, but not for Argentina, nor for the holdouts
Jeffrey Frankel, 22 July 2014
External integration, structural transformation, and economic development: Evidence from Argentina 1870-1914
Pablo Fajgelbaum, Stephen Redding, 12 July 2014
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.
Sustaining trade reform: Institutional lessons from Peru and Argentina
Elías A. Baracat, J. Michael Finger, Julio J. Nogués, Raúl León Thorne, 28 October 2013
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.
Greece’s predicament: Lessons from Argentina
Mickey Levy, Peter Kretzmer, 16 May 2012
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.
Argentina's latest looming crisis
Eduardo Levy Yeyati, 7 November 2011
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.
How Argentina left its Eurozone
Eduardo Levy Yeyati, 2 October 2011
The European predicament is:
Argentina and Greece: More similarities than differences in the initial conditions
Miguel Kiguel, 16 August 2011
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.
Are capital controls effective?
Eduardo Levy Yeyati, 20 January 2011
“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.
Argentina’s border emergency-kit in times of global crisis: In case of fire, break the glass
Demián Dalle, Federico Lavopa, 11 January 2011
After the outbreak of the global financial and economic crisis in mid-2008, unilateral and discriminatory trade measures multiplied in number.
Leaving the euro: What’s in the box?
Eduardo Levy Yeyati, Mario I. Blejer, 21 July 2010
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.
- Secular stagnation: Facts, causes, and cures – a new Vox eBookTeulings, Baldwin
- Can large primary surpluses solve Europe’s debt problem?Eichengreen, Panizza
- The unrecognised benefits of grade inflationBoleslavsky, Cotton
- The US manufacturing base is surprisingly strongMoran, Oldenski
- Long-term damage of the US court’s Argentinian debt rulingFrankel
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
- Debt, deleveraging, and the liquidity trap: A new modelKrugman