Argentina
Argentine reserves spared as US court overturns ruling
Central bank will not have to pay creditors out of its reserves, US appeals court rules, although the decision is not meant to allow Argentina to ‘continue shirking’ its debts
Argentine central bank denies falsification as presidential challenger attacks governor
The conservative challenger in Argentina’s presidential election has attacked the central bank’s governor while the bank has denied newspaper charges of falsifying US dollar trading figure
Argentine economists offer alternative to DSGE model on macro and financial interactions
BIS working paper sets out a structural model augmented with a financial sector, which the authors say is more practical in many ways than DSGE models
Central banks expect South American inflation to stabilise
Inflation rising in several countries in South America, but central bank heads in region suggest it will ‘moderate’ when supply shocks dissipate and exchange rates normalise
Argentina cabinet chief rejects analysis in IMF report
Argentina needs ‘tighter macroeconomic policies, a weaker exchange rate and less microeconomic distortion,’ argues IMF outlook; cabinet chief dismisses analysis
Argentina boosts central bank reserves with bond issuance
Proceeds from Argentina's bond auction earlier this week have been deposited in the central bank reserves, putting them out of reach of holdout funds suing the South American country
Argentines ask central bank for higher-denomination banknotes
Argentine bankers’ associations urge the central bank to print higher-denomination banknotes, as ATMs filled with 100 peso notes struggle to meet public demand
Central Bank of Argentina publishes secret minutes from last dictatorship
Argentina’s central bank releases minutes from secret board meetings during the country’s last dictatorship, which will "shed some light on one of Argentina’s darkest periods", says governor
Vanoli says Argentina seeking alternatives on bonds
Argentina is looking for financial entities that are not affected by the New York judge rulings and can help the country issue new debt, central bank governor says
British minister brands Argentina’s new Falklands banknote a ‘stunt’
The Central Bank of Argentina has issued a new 50 peso banknote featuring the Falkland Islands, which sparked criticism, with a British minister branding it a ‘stunt’
Central Bank of Argentina promises to allow importers access to dollars
After three days of refusing all requests for dollars from domestic companies looking to finance imports, the Central Bank of Argentina promises to start gradually opening the tap
Central Bank of Argentina uses PBoC swap agreement for external financing
With Argentina suffering a default in July and without access to markets, its central bank is drawing on a swap agreement with the PBoC to bolster its reserves
Argentina’s central bank denies being an ‘alter ego’ of the government
Central Bank of Argentina lawyers look to dismiss a complaint from the holdout funds in New York, rejecting the notion the institution is an ‘alter ego’ of the Argentine government
Argentina governor wants new growth model for LatAm
Central Bank of Argentina governor believes Latin American countries need to invest in infrastructure and boost internal production
Lagarde lauds new Mexican bonds with ‘strengthened' collective action clauses
Mexico issued $2 billion in 10-year bonds with new collective action clauses, which Lagarde says ‘will play a critical role in enhancing the architecture for sovereign debt markets’
Argentine governor says peso becoming more predictable
Central Bank of Argentina governor Alejandro Vanoli believes the peso is becoming more predictable due to his efforts to control the exchange illegal market
Argentina enjoys a rare period of ‘currency peace’
Peso sees a recovery in the black market after the central bank cracks down; economists suggest a boost in dollar reserves is the main reason for the appreciation
Central Bank of Argentina borrows $814m through China swap line
Argentina’s central bank has activated is currency swap agreement with China, and will receive the equivalent of $814 million in a move that will boost its currency reserves
Argentinian MP tries to block new central bank governor
Leader of Argentinian opposition party files request to stop appointment of new central bank governor, saying he is ill-suited for the role and will be a ‘tool’ of the government
Former Argentine governor under federal investigation
Juan Carlos Fábrega is under investigation from a federal prosecutor, accused of corruption and connections in the black market
IMF calls for ‘modified pari passu clauses’ in new international sovereign bonds
Executive board supports contractual reforms making process of sovereign debt restructuring ‘more orderly’; Staff paper outlines stronger collective action clauses
Argentina’s central bank governor quits after Presidential criticism
Juan Carlos Fábrega resigns after Argentina’s president accuses the central bank of giving ‘confidential information’ to banks
Argentina central bank staff strike over pay
More than 80% of employees are on strike, according to a workers' union; central bank says the demonstration has not affected their activities
Argentinian government will use 42% of central bank’s dollar reserves in 2015
The Central Bank of Argentina will lose $11.9 billion of its international reserves in 2015. In exchange, they will receive bonds with an amortisation period of 10 years