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ingredients in the recent macroeconomic collapse. They show that in the final years of convertibility, Argentina was not hit … crisis reflects primarily the high vulnerability to disturbances built into Argentina's policy framework. Three key sources …
Persistent link: https://www.econbiz.de/10012748269
ingredients in the recent macroeconomic collapse. They show that in the final years of convertibility, Argentina was not hit … crisis reflects primarily the high vulnerability to disturbances built into Argentina's policy framework. Three key sources …
Persistent link: https://www.econbiz.de/10012573342
The 2010 European debt crisis has revived the discussion concerning the optimum adjustment strategy in the face of asymmetric shocks. Whereas Mundell's (1961) seminal theory on optimum currency areas suggests depreciation in the face of crisis, the most recent emergence of competitive...
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