Tag Archives: Argentina

Will Argentina take all of its bitter medicine?

Argentina’s central bank says it knows it needs to restore credibility, but if the recession persists and with elections next year, could the BCRA use the embedded flexibility in the IMF’s  new monetary system to – again – ease too soon? Gradualism … Continue reading

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Argentina’s banks face strategy dilemma

The slow pace of Argentina’s fiscal reform programme finally caught up with its government last week and, compounded by an error in monetary strategy at the end of last year and a deteriorating risk environment for emerging markets, the country … Continue reading

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Argentina: Two confessions

I am going to confess an unpopular opinion: I am getting worried about Argentina.­ I am also going to confess to embarrassing naivety: I have been testing my hypothesis with the wrong bankers. But first, my concerns about Argentina. The … Continue reading

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Argentina leaves markets worried about ability to grow

“It’s like chemotherapy. If you have it all at once, you are going to kill the patient. You need to find a dose that won’t kill the patient.” The patient being discussed by a senior capital markets banker in New … Continue reading

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Argentina’s delicate balancing

President Mauricio Macri’s economic inheritance was toxic; his policy of gradual fiscal realignment looks like it will lead to success in this year’s crucial mid-term elections, but the country desperately needs investment to maintain the transition. Let me answer in … Continue reading

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Consolidation starting in Argentina as Macro targets Patagonia

Banco Macro has signalled its serious intent to buy Banco Patagonia by proposing an equity sale of up to $750 million to finance the acquisition. According to a regulatory filing made last week, Macro’s board will seek authorization for the … Continue reading

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Supervielle flying in Argentina

Grupo Supervielle is set to continue its rapid, above-industry-average growth in 2017, according to Milton Migotti, head of international trade and financial institutions. The banking group was the first Argentine financial institution to take advantage of improved investor sentiment about … Continue reading

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