Argentina: The Central Bank in the Foreign Exchange Market
Publisher(s): Center for Economic and Policy Research
Author(s): Roberto Frenkel
Keywords: Foreign debt; Liquidity; Security issuance
This article, originally published in Spanish in La Nación, 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.