US EditionArgentina in Currency Competition: The Future of Foreign Exchange Policy and Dollarization
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Theme[1] The new Argentine monetary-exchange regime, in transition to a scheme of currency competition, flotation of weight and inflation goals – similar to that in Peru and Uruguay – will require regular intervention in the exchange market by the Central Bank. In the long term, insofar as confidence in weight is regained, the economy will tend to dedollarize in a slow, gradual and natural way, which enters into tension with the objective of a f…
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