Argentina crisis lessons for Europe: CEPR paper


A paper published by the Centre for Economic Policy Research on October 23 draws on policy lessons from the Argentinean financial crisis in 2001 and its implications on the sovereign debt crisis currently playing out in Europe.

Mark Weisbrot, Rebecca Ray, Juan Montecino and Sara Kozameh, the paper's authors, note that from mid-1998 to the end of 2001, Argentina was trapped in a severe recession, and that attempts to stabilise the economy by maintaining its currency peg to the US dollar backed by

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