It took about 50 days for the Central Bank (BCRA) to show the first significant nominal decrease in the stock of debt remunerated in pesos.
This huge and heavy liability, a true testimony of the excesses in monetary issuance by the Fernández administration, was reduced from $29.875 billion to...
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Emerging markets have ignored the ‘Buenos Aires consensus’
Serial debt defaulter countries have become remarkable bastions of economic resilience by adopting the prudent macroeconomic policies advocated by the IMF.
Kenneth Rogoff Columnist
As finance ministers and central bankers convened in...