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The Argentinian Peso Crisis (2014)

Authors
  • Dapontas, Dimitrios
Type
Published Article
Journal
Annals of the Alexandru Ioan Cuza University - Economics
Publisher
De Gruyter Open
Publication Date
Dec 01, 2014
Volume
61
Issue
2
Pages
149–159
Identifiers
DOI: 10.2478/aicue-2014-0011
Source
De Gruyter
Keywords
License
Green

Abstract

The flow work is focused around discovering the aspects that fixed Argentina's during the recent (2014) crisis nation's destiny. Variables focused around prior analysis utilizing the logistic regression model conveyed for a twelve years period (2002-2013 to clarify the occurrence and checking whether conceivable elements could be foreseeable. The results demonstrate that foreign exchange reserves reduction, monetary aggregates (M3) raise, crises in trading partners, oil price and consumer price index level seem to boost early 2014 turbulence and they also predicted accurately the forthcoming crisis. Also the development of the phenomenon was rapid giving positive signs later than the previous works suggested. The capital flight named as the major factor that led to depreciation is statistically unimportant.

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