ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Argentina and East Asia:The Peg Does It Yet Again

Notwithstanding some key differences, an important parallel between the east Asian crisis of 1997-98 and the recent turmoil in Argentina is the pivotal role played by the US dollar pegs in instigating the vulnerabilities which eventually led to the concerned countries succumbing to crisis. What is the appropriate lesson to draw from these experiences?

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