Institutionalising change: the challenge for Argentina
Martín Redrado sets out what is needed for a meaningful and resilient new ‘charter’ for the Central Bank of Argentina
Argentina needs to turn the debate over the forthcoming new ‘central bank charter’ into a turning point in our economic history. Bringing order to the immediate situation is not enough: we need to build an approach that outlasts individual governments and restores to Argentines an institution that is essential to developing a sustainable growth strategy.
International experience in emerging economies shows that one of the principal risks facing monetary authorities stems from the management of
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