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Argentina: Too Little, Too Late

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Editorial The Central Bank has changed the game. For the first time in a long time, it decided to devalue faster and timidly change the interest rate structure. It left the monetary policy rate at 38% but raised the reverse repo rate from 19 to 24%. Somehow, both measures are …   Become a member […]

Argentina: The Week at a Glance

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Editorial: Local Debt Restructuring Underway, Foreign Debt Still Gridlocked Last Friday the executive submitted the bill to restructure the dollar debt under local law. This is a step in the right direction because it also fulfills the promise of matching the conditions of the pr…   Become a member to read the rest of this […]