US EditionArgentina Face and Wages in Debt: Virtues and Defects of Currency Appreciation
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Argentina is experiencing a cycle of “veranito” exchange rate: with high wages in dollars and record foreign tourism, imported consumption is growing. But the economy is still expensive, real wages are not taking off and poverty persists. Paradoxes of a model sustained in the appreciation of the exchange rate. The Argentine economy is on a well-known path, though narrower today: the government is taking advantage of the advantages of exchange ra…
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