Don't Cry for Argentina--Not Yet!

ARGENTINIAN economy, 1983-; DEVALUATION of currency; ECONOMIC development; FINANCIAL crises; INTERNATIONAL economic assistance

The author looks at the uncertain economic situation in Argentina, following the recent depreciation of the Argentine peso, losing around 20% of its value against the U.S. dollar between January 19 and 29, 2014. He argues that the country is not in a severe crisis, but explores whether the government will choose a rapprochement with global creditors or move deeper toward domestic economic development. He references the February 15 issue of "The Economist" describing the crisis in the country.