Argentina: the risk of contagion
MARKET VOICE
Default and devaluation do not occur in a vacuum. Lara Rhame (above), examines the ripple effects of Argentina’s crisis in Latin America and beyond
The impact of Argentina winding down has reverberated through markets for the past year, if not longer. The economic problems (the currency peg combined with a bulging dollar-denominated debt burden) have been well-mapped by analysts. Even though Argentina started 2001 with central bank reserves almost double the number of pesos in
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