Izquierdo, Alejandro; Talvi, Ernesto; Calvo, Guillermo A. - 2003
We offer an alternative explanation for t he fall of Argentina's Convertibility Program based on the country … prices is larger the more closed an economy is in terms of its sup ply of tradable goods. By contrasting Argentina … of 1998, we identify key vulnerability indicators that separated Argentina from its peers. We also provide an explanation …