Reference no: EM133020743
From HBR: Breaking Bad (rules): Argentina Default, 2015, provide an explanation of the following:
What caused the breakdown of Argentina's economy and society?
What are the reasons for fixing Argentina's exchange rate in the first place?
Who are the winners and losers of the 2002 devaluation?
Why do economists and Kirchner so often disagree? Who is right?
Why is there so much inflation in 2014? Why are they running out of foreign reserves?
What type of exchange rate did Argentina have at time of 2001 crisis? What benefits and costs does such a system have? Would a Gold Standard system help in preventing such a crisis?
What is the Friedman Trilemma (or Mundell-Fleming Trilemma)? Does China's exchange rate system consistent with the Trilemma? What about Hong Kong? Should Hong Kong dollar peg against Chinese currency Yuan instead of US$?
What caused the Crisis in Argentina?
Who benefited from the crisis?
What was Nestor Kirchner's strategy? Did it make sense according to economic principles? What were the results of his strategy?
What was Cristina Kirchner's strategy? Did it work?
Do you think that Argentina is able to break the bad rules?