Domingo Cavallo, Argentina’s embattled economy minister, has a phrase for the market turbulence that engulfed the country in April: “financial hysteria.” He first used the phrase last November, months before […]
Category: Argentina
Posted inMagazine
Sovereign Report
Argentina’s Roller Coaster Ride The outlook for Argentina continued its stormy course in April, going from gloomy to optimistic in a matter of days after the country announced a planned […]
Posted inMagazine
Banking on the Greenback
Central American countries are scrapping their currencies and adopting the dollar instead to buttress economic reforms and strengthen their financial systems. However, as Argentina’s troubles have shown, this is a high-risk strategy.
Posted inMagazine
Business & Banking
Argentina?s Financial Woes Run Deep As if Argentina?s economic health was not bad enough, its financial system is enmeshed in an international money laundering scandal. The US Senate?s Permanent Subcommittee […]
Posted inMagazine
FrontNotes
Argentina is leading the Latin American news again these days. Domingo Cavallo is back in the role of economy minister, this time armed with special congressional powers to dig the […]
Posted inMagazine
Sovereign Report
Argentina on the Rebound On March 29, Argentina?s Congress approved a package of emergency measures known as the Competitiveness Law, granting the government special powers to cope with the country?s […]
Posted inMagazine
The LatinFinance Investment Management Review
Conservative, cautious and bearish were the most common buzzwords used by Latin American portfolio managers to describe the investment environment last year. The deepening fiscal crisis in Argentina and the […]
Posted inMagazine
Ready to Rehabilitate Argentina
The international debt markets responded enthusiastically to Argentina’s $4.2 billion bond swap that reshaped the country’s repayment schedule. The deal was a strong show of investor support and could revive the economy.
Posted inMagazine
Sovereign Report
Argentina Argentina successfully staged the first of three planned debt exchanges for the year in February, swapping $4.2 billion in debt. The exchange is part of a $39.7 billion rescue […]
Posted inMagazine
A Reversal of Fortunes
Investor attitudes toward Latin American sovereign bonds have done an about face as Argentina stabilizes its
finances and US interest rates fall. As a result, piles of cash have poured into Latin government bonds