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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 399 Weeks Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Argentina. In January 2002, the government of Argentina broke away from its currency board system that had tied the peso to the U.S. dollar and devalued the peso from APs1.0000/$ to APs1.40000. This caused some Argentine firms with dollar-denominated debt to go bankrupt. Should a U.S. or European parent in good financial health “rescue” its Argentine subsidiary that would otherwise go bankrupt because of the inept nature of Argentine political and economic management in the four or five years prior to January 2002? Assume the parent has not entered into a formal agreement to guarantee the debt of its Argentine subsidiary.
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