singled out as one of the main suspects in the debate on the causes of the Argentina collapse of late 2001. Alberola, Lopez …, and Serveacute;n assess the degree of real misalignment in Argentina over the convertibility period using a model in which … real appreciation of the peso, between 1990 and 1993, was consistent with the productivity increases that Argentina enjoyed …

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 Convertibility period using a model in which the equilibrium … appreciation of the peso, between 1990 and 1993, was consistent with the productivity increases that Argentina enjoyed following …