To save Argentina’s decimated banking system, economist Steve Hanke proposes repealing the Central Bank’s ability to issue pesos and giving solvent banks the ability to issue dollar-denominated notes.
Category: Argentina
No Leaders, No Money, No Hope
A deepening financial crisis is adding another layer of complexity to Argentina’s troubles, made worse by the government’s extraordinary incompetence.
No More Easy Money
The upheaval in Argentina has terrified providers of trade finance who are charging more for loans or want borrowers to set up complex structures to lay off risk. Cheap money across the region is a thing of the past.
Revenge of the ‘Mad Intellectuals’
A group of American economists has dominated the debate over the policies that Latin American governments, especially Argentina’s, should adopt. Any policy they suggested would have worked better that what is in place.
Slow Contamination
It is not true that the collapse in Argentina has spared the financial markets in the rest of Latin America and beyond. The difference between this and previous international financial […]
A Country Crashed and Burned
With the Argentine economy quickly crumbling and the rules changing with such bewildering speed, little is certain in the debt negotiations of local companies and their creditors.
Investment Management Review
Against the odds, the best Latin American funds posted respectable returns last year. And despite Argentina?s troubles, economic fundamentals in the region?s main markets look strong and stocks and bonds stand to benefit.
Disintegration of Trust
Confidence in Argentina’s government, the judiciary, the currency and the banking system has collapsed. The public sector, banks, companies and individuals are nearly all bankrupt. Employment is becoming even scarcer; […]
Once and Future Euro Debt
Europe should represent a fantastic new opportunity for Latin American debt issuers, with the advent of a single currency and its increasingly integrated capital markets. However, the chaos in Argentina […]
Topping Out at the Bottom
For the real emerging market gamblers, Argentina offered up a wild ride last year. Many investors came out ahead, but the outlook for the emerging market asset class is uncertain.
