Describes the political and economic development in Argentina from 1989 to 1995, with emphasis on the role of a currency board. Completed in the Argentine politicians (Menem, in particular) are considering how to respond to the crisis of tequila in the middle of 1995. Focuses on a compromise between a fixed exchange rate to maintain price stability and the necessary high interest rates on its financial stability. Rewritten version of the previous case. "Hide
by Rafael Di Tella, Ingrid Vogel Source: Harvard Business School 19 pages. Publication Date: December 12, 2001. Prod. #: 702002-PDF-ENG
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