Breaking Bad (the Rules): Argentina Defaults, Inflates (and Grows), 1997-2015 Harvard Case Solution & Analysis

In last phase of October 2011, subsequent to wasting 1 billion of dollar reserves in one month, the Argentine authorities commenced commanding a streak of currency controls, restraining the power to procure foreign currency.

As of October 2011, Argentina's tax collection agency AFIP had been given the capacity to endorse or decline all requests to buy dollars with pesos in the banking system in Argentina. By June 2012, AFIP had eliminated "saving" as a rightful elucidation.

While the official exchange rate was forthcoming six pesos to the dollar, the black market needed practically ten pesos to the dollar-a practically 65% variance. These were not the primary currency constraint that Argentina had imposed on its citizens.

PUBLICATION DATE: December 04, 2013 PRODUCT #: 714036-PDF-ENG

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Breaking Bad (the Rules): Argentina Defaults, Inflates (and Grows), 1997-2015

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