report March 3, 2023 Argentina: The FX Spread Widens and Messes (even more) The Economy The official exchange rate remains tamed. On average, the dollar rose 1% in October, 1.1% in September and 1% in August. Well below inflation, By Alejandro Giacoia, Andrés Borenstein, Isaías Marini, Lorena Giorgio, Miguel A. Kiguel EconViews
report October 25, 2021 Argentina: Orderly or Messy Adjustment? When the legislative elections of November 14 pass, all eyes will return almost exclusively to the economy. Once the results are digested, the question By Alejandro Giacoia, Andrés Borenstein, Isaías Marini, Lorena Giorgio, Miguel A. Kiguel EconViews
report October 13, 2021 Argentina: New “Cepo”, Old Problems, No Solutions Last week the Central Bank again intensified the “cepo”, cutting import payments and making the operation of alternative dollars even more restrictive. You could By Alejandro Giacoia, Andrés Borenstein, Isaías Marini, Miguel A. Kiguel EconViews
report October 4, 2021 Argentina: Transitory Needs and Permanent Problems This week the government announced a plan for 55-year-old women and 60-year-old men to obtain their retirement if they are unemployed and meet a By Alejandro Giacoia, Andrés Borenstein, Isaías Marini, Miguel A. Kiguel EconViews
report September 27, 2021 Argentina: Open for Business “High-Beta” is one of the most used analogies to describe the Argentine economy. There is a mathematical reason for that. Argentina is not the By Alejandro Giacoia, Andrés Borenstein, Isaías Marini, Miguel A. Kiguel EconViews
report September 24, 2021 Argentina: Special Analysis on Public debt. Will it be sustainable this time? I. A poor election and a Government under pressure Inflation, the exchange rate, and economic activity are moving in election mode. The government is By Alejandro Giacoia, Andrés Borenstein, Isaías Marini, Lorena Giorgio, Miguel A. Kiguel EconViews
report September 21, 2021 Argentina: More Short-Term Uncertainty, an Opportunity in the Long Term The results of the primary elections were surprising, as well as how quickly internal tensions escalated within the ruling coalition. The market's vote was By Alejandro Giacoia, Andrés Borenstein, Isaías Marini, Lorena Giorgio, Miguel A. Kiguel EconViews
report September 14, 2021 Argentina: The Current Rate of Intervention Is Unsustainable The BCRA sold more than 800 million dollars since the FX market changed from positive to negative on August 26. There are several factors By Alejandro Giacoia, Andrés Borenstein, Isaías Marini, Miguel A. Kiguel EconViews
report September 8, 2021 Argentina: Waiting for the budget On September 15, 3 days after the primary elections, Congress will receive from Martín Guzmán the budget bill for 2022. Although the budget has By Alejandro Giacoia, Andrés Borenstein, Isaías Marini, Lorena Giorgio, Miguel A. Kiguel EconViews
report August 31, 2021 Argentina: Agreement With the IMF: One More Round Is Missing This week, Argentine financial asset prices soared. Some say that the polls are bad for the government and that is good for the markets. By Alejandro Giacoia, Andrés Borenstein, Isaías Marini, Lorena Giorgio, Miguel A. Kiguel EconViews
report August 26, 2021 Argentina: Special Analysis on Construction and Real Estate I. Is there a way to turnaround the economy? Inflation, the exchange rate, and economic activity are moving in election mode. The government is By Alejandro Giacoia, Andrés Borenstein, Isaías Marini, Lorena Giorgio, Miguel A. Kiguel EconViews
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 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 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 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 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 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 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, 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 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 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 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 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 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 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 By Alejandro Giacoia, Andrés Borenstein, Isaías Marini, Lorena Giorgio, Miguel A. Kiguel, Rafael Aguilar EconViews
