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Argentina

Why Argentine orthodoxy has worked no better than Turkish iconoclasm – Failing conventionally

Both countries’ currencies have plunged. Only one is taking the prescribed medicine WHEN an emerging market loses favour with its creditors, how should its government respond? The policy prescriptions do not typically include intimidating the central bank, railing against the “interest-rate lobby”, falling out with allies, eschewing the IMF’s help, …

Argentina Currency Crisis Pain Is Spreading – Bloomberg

Businesses can’t give quotes or financing amid currency rout Country ‘lost its way’ says one disillusioned Macri voter “There’s no clear price reference after the peso plunge.” Tommy Samson is explaining why he’s been forced to scale back business amid Argentina’s financial-market rout. His Buenos Aires firm imports surgical equipment …