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N° 2001 - 07 |
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| October |
Exit Options for Argentina with a Special
Focus
on Their Impact on External Trade |
| Sophie Chauvin |
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| The prolonging economic recession in Argentina
has put under question the relevance of its exchange rate regime. This raises
the issue on exit options from a currency board arrangement. While dollarization
has been highly debated, other exit options might be considered. The exchange
rate is also a key macroeconomic variable which influences a country competitiveness
with spillover effects on its balance of payments position. Thus the shift from
a currency board arrangement to another exchange rate regime might impact Argentina's
external trade. To address these issues, we assess export equation with exchange
rate variable for Argentina based on gravity models. Then we present various exit
options scenarios to gauge the impact an exchange rate regime shift might have
on Argentina's exports. |
Abstract |
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| Trade, Exchange Rate Regimes, Argentina |
Keywords |
| F1, F3, O54 |
JEL classification |
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