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May 14, 2018

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Hmmmm....well a possible reason for the persistence of the Blue Market was discussed before (http://noelmaurer.typepad.com/aab/2017/04/observatorio-argentino-34-what-is-the-opposite-of-blue.html) but I don't think it explains the deep dollarization of Argentina's financial system. Perhaps as a result of the crisis in 2001, financial institutions have preferred debt contracts written in dollars rather than pesos? Could it be that debts issued in dollars are more likely to be approved and/or come with more favourable terms?

Maybe Argentina should just dollarize fully now like Ecuador?

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