Argentina’s president elect aims to dismantle complex capital controls
‘Macri-economics’ faces complex challenges, observers say
Argentina's president-elect Mauricio Macri has vowed to lift capital controls in the country when he takes office, with one former central bank economist arguing the sooner they are removed, the "better for everyone".
Speaking to Central Banking, the former economist said the controls had created a "huge set of distortions" within the economy and were hindering the country's recovery from high inflation.
Argentina saw controls implemented in 2005, when a deposit scheme was introduced to try and
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