Harvard’s Jeffrey Sachs argues that Argentina’s brush with economic collapse should force everyone involved with Latin America to reconsider the merits of free market orthodoxy.
Category: Argentina
Swapping Money for Time
Has Argentina’s massive debt exchange enabled it to avoid a debt payments crisis? Or will its escalating interest rates wreck the sovereign’s ability to remain solvent?
Watching, But Not Waiting
Latin debt issuers and their bankers are looking for a definitive resolution to Argentina’s financial straits. but they are still continuing to put bonds into the market at a healthy pace.
Shedding Its Burden
Argentina’s $20 billion debt exchange will give the country time to put its fiscal house in order. But the swap won’t address the challenge of reviving long-term economic growth.
Alive and Innovating
Latin lending has held up well, in spite of turbulence in Argentina and uncertainty over the direction of the US economy. The market is becoming more sophisticated, creating room for innovative deals.
How Not to Help Argentina
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 […]
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 […]
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.
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 […]
