This paper compares different forecasting approaches for the Argentine monetary aggregate M2, which is a key variable for monetary policy. First, we estimate a conditional equilibrium-correction model of money demand, which is theory consistent and accounts for the main features of the data....

This paper studies the relationship between devaluation and default risks during Argentina's convertibility regime. Before default and devaluation occurred, a harder variant of the currency regime was under discussion. An often-suggested argument among the supporters of dollarization was that...