Why is Argentina’s currency so consistently unstable across decades?

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I’m looking less for a list of proximate causes (inflation, corruption) and more for an explanation of what is different about Argentina compared to neighboring countries like Chile and Brazil, which don’t have the same level of currency instability.

In: Economics

3 Answers

Anonymous 0 Comments

Basically multiple governments have effectively printed or borrowed money unsustainably in order to fund politically promised social welfare programs.

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