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Publication Date:
Publisher: Center for Economic and Policy Research
Author(s): Roberto Frenkel
Research Area: Banking and finance
Keywords: Foreign debt; Liquidity; Security issuance
Type: Report
Coverage: Argentina
Abstract:
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.