Pages, tagged as «Argentina»

Argentina turned away from monetarism

After Argentinian President Mauricio Macri has conceded defeat in the primary elections, the national currency fell sharply by 30%, and the stock market fell by 38%. Investors see the Fernandez/Kirchner duo as a riskier prospect than free-markets advocate Macri, RISS expert Mikhail Belyaev said. "In fact, it is the collapse of the financial system of the country. According to various estimates, Argentina takes approximately the 25th place in the world GDP ranking, and it is in the list of the world's top ten largest economies that are measured in purchasing power parity terms," he added.