Should Argentina scrap the peso and adopt the U.S. dollar?
Description
Absolutely not, says this says this week’s guest. Mark Sobel, U.S. Chairman at OMFIF and former U.S. representative to the IMF, explained, “dollarization is not the answer. What Argentina needs is a flexible exchange rate, not a trap with no exit.”
Sobel joins Jay Sapsford to explore why Argentina keeps stumbling into crisis, the risks of Washington’s latest bailout, and why the peso still matters for the country’s future.
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