Argentina: The Central Bank in the Foreign Exchange Market


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.