Argentina
Argentinian MP tries to block new central bank governor
Leader of Argentinian opposition party files request to stop appointment of new central bank governor, saying he is ill-suited for the role and will be a ‘tool’ of the government
Former Argentine governor under federal investigation
Juan Carlos Fábrega is under investigation from a federal prosecutor, accused of corruption and connections in the black market
IMF calls for ‘modified pari passu clauses’ in new international sovereign bonds
Executive board supports contractual reforms making process of sovereign debt restructuring ‘more orderly’; Staff paper outlines stronger collective action clauses
Argentina’s central bank governor quits after Presidential criticism
Juan Carlos Fábrega resigns after Argentina’s president accuses the central bank of giving ‘confidential information’ to banks
Argentina central bank staff strike over pay
More than 80% of employees are on strike, according to a workers' union; central bank says the demonstration has not affected their activities
Argentinian government will use 42% of central bank’s dollar reserves in 2015
The Central Bank of Argentina will lose $11.9 billion of its international reserves in 2015. In exchange, they will receive bonds with an amortisation period of 10 years
Argentinian authorities tighten access to US dollars
Companies and banks that buy more than $150,000 have to report the transaction to the central bank, and individuals that want to buy dollars need to earn at least $1,047 per month
Argentina’s central bank lowers cap on commercial bank dollar holdings
The objective is to improve the ‘market conditions’ of the economy, says a central bank official, but Steve Hanke argues it is a measure to prevent the dollarisation of the country
Argentina default may threaten central bank reserves
Developments this week could spell trouble for central bank; analyst says markets have overlooked Argentina's ‘heavy' debt repayment schedule going into next year
'Cornered' Argentina introduces new inflation index
New inflation index announced by the government yesterday is a step in the right direction, according to analysts, who nevertheless remain concerned about how data is collected
Argentina lifts capital controls as peso's slide continues
Argentina lifts capital controls a day after central bank quits trying to prop up the currency
New Argentine governor unlikely to press for independence
Latest central bank chief expected to be subordinate to new economy minister, who believes the central bank has a major role to play in boosting economic growth and investment
Crisis showed need for ‘more and better' stats, says IMF
Forum on improving statistics held in Washington in the same week as Myanmar joined the GDDS initiative; Argentina remains in the doghouse over inadequate GDP and inflation data
‘Striking similarities' between eurozone and the pre-1914 gold standard
Both monetary arrangements provide underdeveloped peripheral countries with easy access to capital from the core countries, triggering asset price booms via the banking system in peripheral countries
Portrait of Eva Peron to appear on Argentine banknote
Argentine president decides Evita Peron will be first female to feature on Argentine banknote; commemorative issuance at first with plans for image to appear on all 100 peso notes
Countries named and shamed over Basel regulation delays
Basel Committee releases progress update on regulation implementation; highlights slow progress in some countries
Argentina crisis lessons for Europe: CEPR paper
Centre for Economic Policy Research study says beleaguered eurozone countries can learn from Argentina’s financial crisis
Boston Fed paper reviews Argentina's economic collapse
Boston Federal Reserve study shows higher input costs exacerbated macroeconomic downturn in Argentina during the early 2000s
EMEs more sensitive to risk premiums: IMF paper
IMF study shows a lower risk premium can reduce inflation in emerging economies
Thieves seize 500,000 pesos from Argentina coffers: reports
Central Bank of Argentina robbed of 500,000 pesos' worth of withdrawn bills, say reports; central bank declines to comment
Argentina’s Blejer likens Greece bailout to ponzi scheme
Former Central Bank of Argentina president Mario Blejer compares Greece bailout to ponzi scheme; analyst expects restructuring of debt to be delayed until 2013
FSB reviews OTC reform
Financial Stability Board progress report says implementation of OTC derivative reform varies across countries
Argentina raises deposit insurance ceiling: reports
Central Bank of Argentina quadruples cap on bank deposit insurance to better reflect falling peso
Argentinean central bank okays $7.5 billion loan to state
Central Bank of Argentina approves loan of $7.5 billion of reserves to repay bondholders; move is central bank’s latest measure to bail out government