This paper examines Argentina's current economic expansion, which is now more than five and a half years old, and that far exceeded the expectations of most economists and the business media. There are a number of policy choices that seem to have contributed to the recovery, some of them unorthodox and controversial. Among these were the Central Bank's targeting of a stable and competitive exchange rate; Argentina's break with the International Monetary Fund (IMF) and its policy prescriptions; and the default on its debt and maintenance of a hard line with its international creditors. The paper suggests that Argentina's experience could have important implications for other developing countries.
WHAT TO READ NEXT
Published By
Copyright
- Copyright 2007 Center for Economic and Policy Research. All rights reserved.
Document Type
Language
Geography
Linked Data show/hide