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Argentina: The Central Bank in the Foreign Exchange Market

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Publication Date:

Publisher(s): Center for Economic and Policy Research

Author(s): Roberto Frenkel

Topic: Banking and finance (Central banks)

Keywords: Foreign debt; Liquidity; Security issuance

Type: Report

Coverage: Argentina

Abstract:

This article, originally published in Spanish in La NaciĆ³n, December 31, 2006, explains the mechanics of the Argentine Central Bank's intervention in exchange rates markets to target a stable and competitive exchange rate, a macroeconomic policy that has played a significant role in Argentina's economic growth since 2002.