Maurice Tutor

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Category > Management Posted 04 May 2018 My Price 2.00

catastrophic consequences


The Economist observed the following: “In Argentina, many loans were taken out in dollars: this had catastrophic consequences for borrowers once the peg collapsed.” What does the article mean that Argentina’s “peg collapsed”? Why was this collapse catastrophic for borrowers in Argentina who had taken out dollar loans?

 

 
 

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Maurice Tutor
(5)
Status NEW Posted 04 May 2018 08:05 PM My Price 2.00

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