Argentina | The IMF Money Is Here… Now What?
Download report Editorial: The IMF Money Is Here… Now What? After many episodes, this season of the IMF novel came to a close. But there are many more seasons in the works. To some extent this one had a happy ending. The board approved the disbursement and Argentina had … Become a member to […]
Argentina | The Week at a Glance- August 22nd, 2023
Download report Editorial: The Problems of Dollarization Javier Milei’s victory brought into focus the dollarization plan for which the candidate for president has been fighting. Our opinion is that dollarization is a plan that should be considered as a last resort because w… Become a member to read the rest of this article
Argentina | A Black Swan With All the Options Open
Editorial: A Black Swan With All the Options Open The result of the primary election in Argentina delivered important surprises. Javier Milei, who was supposed to come third, emerged as the winner. His party obtained 30.04% of the votes followed by Juntos por el Cambio (main … Become a member to read the rest […]
The Central Bank Walks on the Tightrope
Editorial: The Central Bank Walks on the TightropeWhen hiring staff at the Central Bank, they should put experience as a tightrope walker or juggler as exclusive requirements. Clearly that ability came into play in these last few days. On Friday 28th, it managed to wring a billi… Become a member to read the rest […]
Argentina | Distortions Upon Distortions to Muddle Through
Editorial: Distortions Upon Distortions to Muddle Through The government continues negotiating with the IMF, but there is nothing concrete yet. Econviews’ thesis is that one way or another there will be an agreement such that at least the IMF disburses the outstanding 4 billi… Become a member to read the rest of this article
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, that averaged more than 3% per month. It is true that in the last week of October the exchange rate accelerated a little, but too little … Become a member […]
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 will be how Argentina will resolve the many imbalances that are beginning to grow. They are, mainly, the fiscal issue, the monet… Become a member to read the rest of […]
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 see it coming. The sale of reserves was unsustainable, and it did not seem very likely that the government would bless… Become a member to read the rest of this […]
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 contribution requirement. The logic of the measure is that it is not easy for this group reintegrating into the labor market, much more… Become a member to read the rest […]
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 economy with the worst performance in a medium-term perspective compared to a large sample of developed and emerging countries. But it do… Become a member to read the rest of […]