Argentina
Argentine economy 'to shrink by 5%'
ARGENTINA - Argentina's economy is set to contract sharply this year, despite the devaluation of the peso. The country has been in recession for four years now
US economists to free up Argentine bank system
ARGENTINA - Adam Lerrick and Allan Meltzer, two prominent US economists, have proposed a new scheme to allow Argentines to use the money locked up in the banking system without triggering a collapse of the banks - arguably the single largest problem…
Argentina rush to contain rage over bank deposits
ARGENTINA - Argentina's new government rushed on Monday to soothe public rage over its decision to drastically reduce the dollar value of bank deposits, saying it was studying measures to ease the pain.
Argentina to ban purchase of dollars with cheques
ARGENTINA - Central Bank Director Aldo Pignanelli said that the bank will not be allowed from tomorrow to accept payment by cheque for the dollars they sell.
IMF: Argentina may spark inflation with note print
ARGENTINA - IMF Deputy Managing Director Anne Krueger said that the Argentine authorities may spark inflation if they start printing money, and thus neutralise any other economic measure taken to overcome the country's financial crisis.
Argentines angry at peso conversion
ARGENTINA - Argentines have reacted with hostility to the government's announcement that all US dollar bank accounts will be turned into the local currency, the peso.
Argentine police probe capital flight
ARGENTINA - Argentine police, probing claims of massive capital flight, have raided local offices of several major international banks.
Argentina may float currency freely soon
ARGENTINA - Argentina's President Eduardo Duhalde has said that it may float the peso entirely in a few months time.
Argentina's president calls for unity
ARGENTINA - Argentina's President, Eduardo Duhalde, has called for an "historic national dialogue" to take the country out of the worst economic crisis of its history.
IMF Press Briefing on Argentina
PRESS BRIEFING - Transcript of a Press Briefing (Teleconference) on Argentina given by Anne O. Krueger, First Deputy Managing Director, International Monetary Fund, Washington, D.C. 11 January 2002.
Argentina lashes out at IMF
ARGENTINA - The interim government in Argentina has criticised the International Monetary Fund and asked it to let them get on with trying to dig the country out of its economic crisis.
Argentina's peso trades again
ARGENTINA - After three weeks which have seen Argentina default on its debts, four presidents come and go, and rioting spread in the streets, the country's currency markets are again open for business.
Argentina's central bank delays trading restart
ARGENTINA - Argentina has once again delayed the resumption of currency trading, disappointing Argentine people and businesses.
Argentina postpones currency trading
ARGENTINA - Argentina's central bank has suspended the country's foreign exchange markets until Thursday, claiming it needs more time to work out currency trading rules following the abolition of the one-to-one peso-dollar link last weekend.
Argentina's woes are not solved
ARTICLE - The new Argentine government of President Eduardo Duhalde has started decisively. It took little time to devalue the peso and sketch out a new economic strategy. But the policy remains full of holes. Rather than follow the successful recent…
IMF begins mission to Argentina
ARGENTINA - An International Monetary Fund (IMF) mission is in Argentina to gather information about the debt-ridden country's new economic policies.
Cautious reaction to peso devaluation
ARGENTINA - The Argentine people have reacted cautiously to their new government's decision to devalue the peso and end 10 years of parity with the US dollar in a dramatic bid to save the collapsing economy.
Argentina's route to salvation
ARGENTINA - A competitive exchange rate, a more open economy and sound banks should be the priorities, says Ricardo Haussmann professor of economic development at Harvard in Todays's Financial Times.
How to Dollarize in Argentina
‘How to Dollarize in Argentina’ by Kurt Schuler and Steve H Hanke. As the policies of the Argentine government are at a dead end and the peso is widely distrusted, Schuler and Hanke present their proposals for dollarization.
Argentina to unveil new economic plan on Friday
ARGENTINA - Congressman Jorge Remes Lenicov will be sworn in Thursday as Argentina's new economy minister and on Friday he will unveil a new series of economic measures, Buenos Aires Governor Carlos Ruckauf confirmed in an interview.
President hints at end of peso peg
ARGENTINA - Argentina has its fifth president in less than two weeks, veteran politician Mr Eduardo Duhalde immediately reaffirmed the moratorium on paying the country's US$132 billion ($258.9 billion) in public debt until its shattered economy resumes…
Hanke's View on Argentina
In a paper published earlier this month by Cato in their foreign policy series Professor Steve Hanke outlines his views on solutions for the crisis in Argentina. In 1991 Professor Hanke advised the then Argentine government on the establishment of the…
Argentine president asks IMF for 'patience'
Argentine president Rodriguez Saa asked the IMF for 'patience' in dealing with the country's default as the central bank takes steps to alleviate debt repayment problems within the country. However, Argentine citizens seem to be expecting devaluation.
Confusion over 'argentino'
Uncertainty surrounds Argentina's new currency dubbed the 'argentino' and claims for its role in an 'orderly exit' from the peso-dollar peg.