report August 23, 2021 Argentina: Pro-investment legislation? That’s new! The government announced this week that it will soon send to the Congress the Law that encourages investments in oil and gas. It is not a Hail Mary play, nor will it be a breaking point, but it is... By Alejandro Giacoia, Andrés Borenstein, Isaías Marini, Lorena Giorgio, Miguel A. Kiguel EconViews
report August 19, 2021 Argentina: One Year After the Restructuring, Still Orphans of a Plan A year ago, Argentina reached an agreement with its main creditors and restructured the public debt in default. That allowed to almost clear the maturities schedule completely. The first year in which the market will see Argentine dollars will... By Alejandro Giacoia, Andrés Borenstein, Isaías Marini, Lorena Giorgio, Miguel A. Kiguel EconViews
report August 10, 2021 Argentina: Elections and Trash Under the Carpet The economy is already in electoral mode. June was a very good month in terms of economic activity, recovering the setback of May and even more. July was not so good from the point of view of the production... By Alejandro Giacoia, Andrés Borenstein, Isaías Marini, Lorena Giorgio, Miguel A. Kiguel EconViews
report August 2, 2021 Argentina: The season of FX stress begins The last 4 business days of last week the Central Bank had to sell dollars in the FX market so as not to alter the routine of daily devaluation of 3 or 4 cents. The last time it had... By Alejandro Giacoia, Andrés Borenstein, Isaías Marini, Lorena Giorgio, Miguel A. Kiguel EconViews
report July 27, 2021 Argentina: The Economy Dancing the election music On the weekend the first stage of the primaries closed and therefore the candidates for the legislative elections in November are already outlined. The economy began to rebound in June and the data looks very different from the first... By Alejandro Giacoia, Andrés Borenstein, Isaías Marini, Lorena Giorgio, Miguel A. Kiguel EconViews
report July 23, 2021 Argentina: Special Analysis on Lithium in Argentina I. The economy and the elections: playing poker with no aces? The electoral calendar is moving ahead, and soon we will know the candidates for the primaries that will take place on September 12th. These elections are important. They... By Alejandro Giacoia, Andrés Borenstein, Isaías Marini, Lorena Giorgio, Miguel A. Kiguel EconViews
report July 19, 2021 Argentina: The “Cepo” Reloaded Last weekend the Central Bank and the Securities Commission tightened exchange restrictions, putting more limits on the operation with the most traded sovereign bonds, which are usually used by firms to buy dollars. In addition, it was sought to... By Alejandro Giacoia, Andrés Borenstein, Isaías Marini, Lorena Giorgio, Miguel A. Kiguel EconViews
report July 12, 2021 Argentina: Mercosur, in intensive care Editorial Uruguay has officially said it would seek unilateral trade agreements with other parties. It was a low-risk bet considering how things had been going in Mercosur. It is an open secret that the Uruguayans wanted to have a... By Alejandro Giacoia, Andrés Borenstein, Isaías Marini, Lorena Giorgio, Miguel A. Kiguel EconViews
report July 5, 2021 Argentina: Cash, Ideology and the Golden Geese Cash, Ideology and the Golden Geese The government made three decisions in recent days that in the short term won’t change anyone’s life, much less the urban middle class, but that can have potentially negative effects in the medium... By Alejandro Giacoia, Andrés Borenstein, Isaías Marini, Lorena Giorgio, Miguel A. Kiguel EconViews
report June 29, 2021 Argentina: Of Economic Programs, Jobs, and Exchange Rates Of Economic Programs, Jobs, and Exchange Rates This week the Undersecretary of the Treasury of the United States asked Argentina to make an economic plan that boosts private employment. That plan would count with the support of his country... By Alejandro Giacoia, Andrés Borenstein, Isaías Marini, Lorena Giorgio, Miguel A. Kiguel EconViews
report June 28, 2021 Argentina: The Descent Into Insignificance and the (Long) Road to Recovery Argentina backed down two categories in the world of financial investments. It is now a "stand alone" market, which could be interpreted in a free translation as "unclassifiable". Or, more formally, "independent", although we do not know of what... By Alejandro Giacoia, Andrés Borenstein, Isaías Marini, Lorena Giorgio, Miguel A. Kiguel EconViews
report June 23, 2021 Argentina: Special Analysis on the Equilibrium Real Exchange Rate A Soft Transition to the Elections: The Calm That Precedes the Storm? I. Can anything go wrong before the elections? It seems that the government has enough instruments to maintain key economic variables under control until the elections. The official... By Alejandro Giacoia, Andrés Borenstein, Isaías Marini, Lorena Giorgio, Miguel A. Kiguel EconViews
report June 23, 2021 Argentina: Of Economic Programs, Jobs, and Exchange Rates Of Economic Programs, Jobs, and Exchange Rates This week the Undersecretary of the Treasury of the United States asked Argentina to make an economic plan that boosts private employment. That plan would count with the support of his country... By Alejandro Giacoia, Andrés Borenstein, Isaías Marini, Lorena Giorgio, Miguel A. Kiguel EconViews
report June 23, 2021 Argentina: Special Analysis on the Equilibrium Real Exchange Rate A Soft Transition to the Elections: The Calm That Precedes the Storm? I. Can anything go wrong before the elections? It seems that the government has enough instruments to maintain key economic variables under control until the elections. The official... By Alejandro Giacoia, Andrés Borenstein, Isaías Marini, Lorena Giorgio, Miguel A. Kiguel, Rafael Aguilar EconViews
report June 14, 2021 Argentina: Lost in the Jungle The government has failed to define an economic program. Beyond the multiple dialectical errors of the president and the curious diplomatic alignment that Argentina has been taking, the truth is that while the world is at full speed thinking... By Alejandro Giacoia, Andrés Borenstein, Isaías Marini, Lorena Giorgio, Miguel A. Kiguel EconViews
report June 7, 2021 Argentina: A Small Step Editorial: A Small Step The Central Bank announced last week a marginal loosening of the capital controls for exporting companies. Those who have increased the exports in 2021 compared to 2020 in the industrial, oil and gas or mining... By Alejandro Giacoia, Andrés Borenstein, Isaías Marini, Lorena Giorgio, Miguel A. Kiguel EconViews
report May 31, 2021 Argentina: Leliqs Are Out, Bonds Are in, a Substitution with Impact Editorial: Leliqs Are Out, Bonds Are in, a Substitution with Impact Last Thursday, the Central Bank decided to change its reserve requirements policy. From now on it gives banks the option to use sovereign bonds with a maturity above... By Alejandro Giacoia, Andrés Borenstein, Isaías Marini, Lorena Giorgio, Miguel A. Kiguel, Rafael Aguilar EconViews
report May 26, 2021 Argentina: Special Analysis on the Argentine Banking System In Search of a Program: Hope in Paris, Not So Much in Buenos Aires I. Politics and economic decisions Who is in command? This is a critical question when it comes to economic policies. Minister Guzman is formally the Minister... By Alejandro Giacoia, Andrés Borenstein, Isaías Marini, Lorena Giorgio, Miguel A. Kiguel, Rafael Aguilar EconViews
report May 26, 2021 Argentina: The Same Mistake Time After Time Editorial: The Same Mistake Time After Time Argentina continues to stumble over the same stone. It is often said that no single instrument can be used to solve many problems. But sometimes just one policy error creates a lot... By Alejandro Giacoia, Andrés Borenstein, Isaías Marini, Lorena Giorgio, Miguel A. Kiguel, Rafael Aguilar EconViews
report May 17, 2021 Argentina: The Paris Club and the Fund – Parallel Lives Editorial: The Paris Club and the Fund: Parallel Lives Argentina is trying not to default with the Paris Club. That is good news because it implies that at the end of the day there is an interest in maintaining... By Alejandro Giacoia, Andrés Borenstein, Isaías Marini, Lorena Giorgio, Miguel A. Kiguel, Rafael Aguilar EconViews
Argentina Argentina’s Top Economist on Debt Restructuring Post-Covid-19 Economy Outlook Miguel A. Kiguel
