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Argentina´s currency
The "new" currency board will function like this: As soon as 1 ? = 1 U$S the Argentinian peso will be worth half dollar plus half euro in a simple arithmetical sum.
So the value of the peso won´t fluctuate with the values of the ? and u$s. This will give a bit of "competitive" gain, because the value of the changes in the value of the dollar against the ? will be compensated.
The matter is that our larger tradable area, the Mercosur, won´t be included in this board so we wont be able to compensate the depresiation of the real
Atilio Todeschini
- Thread context:
- Re: International Keynesian Possibilities, (continued)
- Argentina´s currency,
Todeschini Federico Wed 25 Apr 2001, 18:57 GMT
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