Case Study Analysis and Solutions

Case ID: 714036

Abstract:
Case Solution & Analysis for Breaking Bad (the Rules): Argentina Defaults, Inflates (and Grows), 1997-2015 by Rafael Di Tella, Fernanda Miguel
"In late October 2011, after losing 1 billion of dollar reserves in one month, the Argentine government began imposing a series of currency controls, limiting the ability to buy foreign currency. As of October 2011, Argentina's tax collection agency AFIP had been granted the power to approve or reject all requests to buy dollars with pesos in Argentina's banking system. By June 2012, AFIP had removed ""saving"" as a legitimate explanation. While the official exchange rate was approaching six pesos to the dollar, the black market was demanding almost ten pesos to the dollar-a nearly 65% difference. These were not the first currency restrictions that Argentina had imposed on its citizens."

Keywords:
Business & government relations, Deflation, Inflation, Breaking Bad (the Rules) Argentina Defaults Inflates (and Grows) 1997-2015 Case Solution

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