By Valeriano F. Garcia
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Extra resources for Black December; Banking Instability, the Mexican Crisis, Its Effect on Argentina
These countries, representing 90 percent of Argentine trade, are: Germany, Brazil, Chile, Spain, Holland, Italy, Japan, Uruguay, and the United States. 24. We are ignoring here changes in the demand for dollar holdings by the population. 25. There is room for substantial expenditure reduction according to a study conducted by FIEL, "La Adminstracion Publica Nacional," 1996. A. Also there is room for reduction in the expenditures of the States. Bibliography Brock, Philip L. 1996. " Paper presented at the first meeting of the Central Bank Research Centers.
23. The real exchange rate is the nominal exchange rate for the United States, weighted by the Argentine trade pattern and multiplied by the ratio of the respective consumer price indexes of Argentina's major trading partners to the Argentine consumer price index. These countries, representing 90 percent of Argentine trade, are: Germany, Brazil, Chile, Spain, Holland, Italy, Japan, Uruguay, and the United States. 24. We are ignoring here changes in the demand for dollar holdings by the population.
1994. "Is the Debt Crisis History? " Policy Research Working Paper 1327. C. Edwards, Sebastian. 1995. Crisis and Reform in Latin America: From Despair to Hope. New York: Oxford University Press. El−rian, Mohamed. 1992. "Restoration of Access to Voluntary Capital Market Financing: The Recent Latin American Experience" International Monetary Fund Staff Paper 39 (1). Fernandez, Roque and Liliana Schumacher. 1997. " In Preventing Banking Sector Distress and Crisis, proceedings of a World Bank conference, edited by S.