RaboResearch - Economic Research

Economic Comment

Argentina defaults again

This week, Argentina was unable to reach an agreement with the holdout creditors from the 2001 default. In effect, this means that the sovereign has now defaulted on its debt obligations for the second time this century.

Country Report

Country Report Argentina

The devaluation of the peso in January is likely to spur already high inflation in Argentina to over 30% and economic growth is expected to contract slightly in 2014. A new economic team has improved monetary policy.

Country Report

Country Report Argentina

As her party is unlikely to obtain a two-thirds majority at the congressional elections of late October, Cristina Kirchner is becoming a lame-duck president. Meanwhile, foreign exchange reserves levels continue to decline.

Economic Report

The Argentine Crisis 2001/2002

In the late 1990s, Argentina’s currency peg to the US dollar, pro-cyclical fiscal policies and extensive foreign borrowing left the country unable to deal with economic shocks. This led to a severe currency, sovereign debt and banking crisis.

Country Report

Country Report Argentina

Argentina’s economy is likely to recover modestly in 2013, but the peso has fallen rapidly on the informal market, as a devaluation is widely expected. Meanwhile, there is the risk that Argentina will enter a technical default.

Country Report

Argentina (Country Report)

Argentina's self-contradictory and interventionist macroeconomic policy mix is under more and more pressure. As the years of high growth seem to have ended, president's Cristina Kirchner's popularity has been falling rapidly.

Country Report

Argentina (Country report)

In mid-April Argentina’s government grabbed international headlines when it partially nationalized YPF, Argentina’s largest energy company. Meanwhile, Argentina’s economic policy framework is resulting in increasing macroeconomic pressures.

Economic Report

Argentina, ten years on

24 December 2011 marks the 10th anniversary of Argentina’s dramatic sovereign default. Ten years later, it seems that Argentina is in a much healthier state. We explain what is behind this 'miracle' and conclude that the boom is coming to an end.

Country Report

Argentina (Country Report)

On 23 October 2011, Cristina Fernández de Kirchner won the presidential elections convincingly with 54% of the votes. Her party also regained the majority in congress which it lost in 2009. This will give Fernández a strong position in the coming years.

Country Report

Argentina (Country update)

On the back of high commodity prices and very expansionary fiscal and monetary policies, Argentina’s economy has been growing rapidly. This has resulted in high inflation and a shrinking current account surplus.