Argentina
Argentinian authorities tighten access to US dollars
Companies and banks that buy more than $150,000 have to report the transaction to the central bank, and individuals that want to buy dollars need to earn at least $1,047 per month
Argentina’s central bank lowers cap on commercial bank dollar holdings
The objective is to improve the ‘market conditions’ of the economy, says a central bank official, but Steve Hanke argues it is a measure to prevent the dollarisation of the country
Argentina default may threaten central bank reserves
Developments this week could spell trouble for central bank; analyst says markets have overlooked Argentina's ‘heavy' debt repayment schedule going into next year
'Cornered' Argentina introduces new inflation index
New inflation index announced by the government yesterday is a step in the right direction, according to analysts, who nevertheless remain concerned about how data is collected
Argentina lifts capital controls as peso's slide continues
Argentina lifts capital controls a day after central bank quits trying to prop up the currency
New Argentine governor unlikely to press for independence
Latest central bank chief expected to be subordinate to new economy minister, who believes the central bank has a major role to play in boosting economic growth and investment
Crisis showed need for ‘more and better' stats, says IMF
Forum on improving statistics held in Washington in the same week as Myanmar joined the GDDS initiative; Argentina remains in the doghouse over inadequate GDP and inflation data
‘Striking similarities' between eurozone and the pre-1914 gold standard
Both monetary arrangements provide underdeveloped peripheral countries with easy access to capital from the core countries, triggering asset price booms via the banking system in peripheral countries
Portrait of Eva Peron to appear on Argentine banknote
Argentine president decides Evita Peron will be first female to feature on Argentine banknote; commemorative issuance at first with plans for image to appear on all 100 peso notes
Countries named and shamed over Basel regulation delays
Basel Committee releases progress update on regulation implementation; highlights slow progress in some countries
Argentina crisis lessons for Europe: CEPR paper
Centre for Economic Policy Research study says beleaguered eurozone countries can learn from Argentina’s financial crisis
Boston Fed paper reviews Argentina's economic collapse
Boston Federal Reserve study shows higher input costs exacerbated macroeconomic downturn in Argentina during the early 2000s
EMEs more sensitive to risk premiums: IMF paper
IMF study shows a lower risk premium can reduce inflation in emerging economies
Thieves seize 500,000 pesos from Argentina coffers: reports
Central Bank of Argentina robbed of 500,000 pesos' worth of withdrawn bills, say reports; central bank declines to comment
Argentina’s Blejer likens Greece bailout to ponzi scheme
Former Central Bank of Argentina president Mario Blejer compares Greece bailout to ponzi scheme; analyst expects restructuring of debt to be delayed until 2013
FSB reviews OTC reform
Financial Stability Board progress report says implementation of OTC derivative reform varies across countries
Argentina raises deposit insurance ceiling: reports
Central Bank of Argentina quadruples cap on bank deposit insurance to better reflect falling peso
Argentinean central bank okays $7.5 billion loan to state
Central Bank of Argentina approves loan of $7.5 billion of reserves to repay bondholders; move is central bank’s latest measure to bail out government
High inflation stirs banknote shortage in Argentina: reports
Inflationary pressures in Argentina create shortage of high-denomination banknotes forcing long queues at cash machines
Argentina’s Marcó del Pont nominated for full term
Argentine President nominates central bank governor Mercedes Marcó del Pont for full six-year term, even as inflation soars and currency value drops; deputy, board members also nominated
S&P boosts Argentine rating one notch
Credit ratings agency Standard and Poor’s lifts Argentina’s sovereign credit rating from B- to B; cites strong economic recovery and solid debt management strategy
France’s Redouin favours central banks’ new dual role
Banque de France first deputy governor Jean-Paul Redouin says having financial stability and monetary policy under one roof will strengthen surveillance of financial sector
Marcó Del Pont: Argentina averted a full blown crisis
Central Bank of Argentina governor Mercedes Marcó del Pont says country’s resilience during crisis owed much to good policies
Argentina dips into central bank profit to finance expenditure
Central Bank of Argentina transfers $760m from last year’s profits to government to find expenditure; government unwilling to tap bond markets until yields come down sufficiently