Alberola, Enrique; Lopez, Humberto; Serven, Luis - Economics Research, World Bank Group - 2004
Between 1990 and 2001 the Argentine peso appreciated by 80 percent in real terms, and its overvaluation has been singled out as one of the main suspects in the debate on the causes of the Argentina collapse of late 2001. This paper assesses the degree of real misalignment in Argentina over the...