Argentina: Economic Developments; April 29, 2015

February 29, 2016

Preview Citation

Format: Chicago

Argentina: Economic Developments; April 29, 2015, (USA: International Monetary Fund, 2016) accessed November 23, 2024

Also available in: español

Summary

This paper presents an overview of Argentina’s economic developments in the past 10 years. Argentina’s impressive growth over the past decade has been accompanied by the accumulation of a number of major vulnerabilities. Policy inconsistencies were exposed in early 2014 when mounting balance-of-payments pressures culminated in a sharp devaluation of the peso. Subsequent to the devaluation, domestic imbalances were exacerbated by a deteriorating external environment. At the same time, the dispute with holdout creditors continued to impede Argentina’s access to international capital markets. The combination of weak external demand, fast eroding competitiveness, and compromised access to international capital markets fueled balance of payments pressures in 2014.

Subject: Currencies, Exchange rates, Exchange restrictions, Foreign exchange, Inflation, Money, Prices

Keywords: Argentina, Capital goods, Caribbean, Central bank, CR, Currencies, Exchange rate depreciation, Exchange rates, Exchange restrictions, Foreign currency, Foreign exchange control, FX position, GDP, Inflation, Inflation expectation, ISCR, Market share, Price, Realigning inflation dynamics, Swap line, U.S. dollar

Publication Details

Pages:

34
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/069
Stock No:

1ARGEA2016006
ISBN:

9781498399746
ISSN:

1934-7685

Notes

Also Available in Spanish

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