Academic journal article NBER Reporter

The Argentina Crisis. (Conferences)

Academic journal article NBER Reporter

The Argentina Crisis. (Conferences)

Article excerpt

A conference on Argentina's financial and currency crisis, organized by NBER Research Associates Jeffrey A. Frankel, Harvard University, and Sebastian Edwards, University of California at Los Angeles, took place in Cambridge on July 17. This gathering was the eighth in a series of country-specific meetings of the NBER Project on Economic and Financial Crises in Emerging Market Countries, directed by Frankel and NBER President Martin Feldstein. Like earlier meetings on Mexico, Thailand, Brazil, Korea, Indonesia, Malaysia, and Turkey, this occasion brought together academics, former officials from the country in question, international bankers, and Washington officials, in the hopes of developing an in-depth understanding of the origins of Argentina's crisis and lessons for the future.

The one day meeting was divided into four sessions. In Session 1, a panel consisting of Guiliermo Mondino, formerly Secretary of Finance, Argentina, Miguel Sebastian, Grupo BBVA, Allan Meltzer, Carnegie Mellon University, and Eduardo Levy-Yeyati, until recently of the Central Bank of Argentina, analyzed the crisis in Argentina's banking system.

In Session 2, the experts discussed the experience of the 19912001 hard peg to the U.S. dollar. The panel consisted of Pedro Pou, former head of Argentina's central bank, Alberto Ades, Goldman Sachs, Kristin Forbes, NBER and MIT, and recently at the U.S. Treasury, and Ted Truman, Institute for International Economics and formerly U. …

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