Talk, University of CEMA, Buenos Aires, Argentina Economic Seminar Analysis, September 14th 2018, Buenos Aires, Argentina. This paper was previously circulated as Welfare Loss of Exchange Rate Controls: The Case of Argentina
Black market premium
2 posts
Abstract: Along history, Argentina’s multiple exchange rate system has created serious economic distortions. The 2011-15 episode does not differ from previous experiences. For instance, private external assets grew 37.7% with respect to 2010 as well as dollarized deposits (75% on average) during 2011-16 while the Black Market Premium reached a […]