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Roubini Topic Archive: Argentina

  • Does Argentina’s “Nike Effect” Hold Lessons for Europe?

    What happens when a country faces forced austerity, a banking crisis, a risk of sovereign default, and pressure to abandon a currency peg it has sworn to be eternal and unbreakable? Several European countries are in this position today, but there is nothing really new about it. It’s all happened before, most recently in Argentina in the winter of 2001-02. So what became of Argentina? Are there any lessons there for today’s Europe?

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Thomas Grennes Thoughts From Across the Atlantic

Thomas Grennes is a professor of economics at the North Carolina State University and a former visiting faculty member at the Stockholm School of Economics in Riga. His research has dealt with various aspects of international economics, including open economy macroeconomics, international finance, and international trade in agricultural products. Recent research topics have included macroeconomic aspects of the Great Moderation, offshore outsourcing, sovereign wealth funds, and the relationship between government debt and economic growth. Earlier work dealt with emerging market issues in the Baltic countries and Russia and trade and macro policies in Sub-Saharan Africa. Economic history topics include the Columbian Exchange of plants and animals, the effects on food markets of introducing mechanical refrigeration, and the integration of Tsarist Russia into the world grain market. When he is not involved in economics, he enjoys mountain hiking.

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