Argentine turmoil not caused by overvalued peso

LETTER - Sir, The Argentines are justifiably possessed by a love for the greenback, an infatuation that even the army of psychoanalysts in Buenos Aires will not be able to exorcise. That is the diagnosis offered up by Thomas Catan ("Argentines' love of dollar threatens economic fortune", February 21). Fine.

Letter published in the London Financial Times, 5 March.

From Prof Steve H. Hanke

But Mr Catan's reportage contains more. As he puts it: "But (convertibility) locked in an overvalued currency

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