606:"During the 1990s Argentina made deep structural changes... As a result more than 90 billion dollars of direct foreign investment contributed with the generation of annual growth rates around 4%. Since 1998 Argentine economy suffered... the fall of commodity prices after the Asian crisis, devaluation of the euro and the real, and higher interest rates over the sovereign debt. ... it is very easy easy to manage a convertibility-like currency board with an influx of foreign capitals, but very difficult to do the same leaves ."
456:... poses a small problem. I admit I wrote that line myself and then didn't revise it as much as I should. The fact is, exports grew at first, then should have grown more given that international prices of commodities were high, then stalled, and then sank when Brazil devalued the real; convertibility played a part. Some analysists say one thing, other say another; in general, orthodox neoliberal economists defend convertibility and heterodox progressive economists portray it as the root of all evil. The real problem is
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that's too hypothetical. Also, selling more and getting more profit, but in devalued pesos, wouldn't have been as good. The exports that did best, remember, were those of fuel and energy... from companies bought up by foreign investors, or by
Argentine corporations which kept their funds dollarized and abroad. That was the problem of convertibility in a historically unstable country like Argentina: it was practically built to encourage
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in dollars instead of pesos, though actual dollar bills were not in wide circulation. The problem began when people took their dollars away from the banks and "sequestered" them in safes or sent them abroad (the
Central Bank had no means to get more dollars and thus the theoretical convertibility was in jeopardy, and the country was already indebted in dollars and could not bring more in).
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investment, and with a terrible unemployment rate. This year the estimate is, I think, over $ 34 billion, while the GDP is only now reaching pre-crisis levels, foreign investment is still low and unemployment over 12%. It's quite obvious that the high exchange rate alone is responsible for much of this surge.
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There were peso-denominated accounts and dollar-denominated accounts. If you had pesos, however, you could ask for them to be converted to dollars at the 1:1 rate (plus a small bank fee, as usual). The only advantage of an account in pesos was a higher interest rate. In theory, you could pay anything
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I have re-written the article in a more chronological order and have improved the general quality. It still needs someone with specialist knowledge of the subject to give it a complete overhaul, especially on the subject of the freezing of deposits as I don't know if what I have written is correct as
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want to incorporate into the page, is that convertibility encouraged conspicuous, irresponsible, First-Worldly consumption in a country that did not want to be reminded of its place well inside the Third World. We in
Argentina have paid dearly for this, and although I don't intend to get my personal
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I think this is intended to indicate that the sums on account were denominated in U.S. dollars, ie the sums on account were presented as values in U.S. dollers, and convertable to local currency on withdrawl at the then ruling exchange rate? If this is the correct interpretation, then the text could
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I think this is intended to indicate that the sums on account were denominated in U.S. dollars, ie the sums on account were presented as values in U.S. dollers, and convertable to local currency on withdrawl at the then ruling exchange rate? If this is the correct interpretation, then the text could
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The best years of convertibility, export-wise, were 1998 and 2001 (about $ 26.5 billion each). In 2002, after the convertibility collapsed, exports decreased a bit, and then in 2003 they increased 15%, well over the previous records — this while the country was cut off from all external funding or
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convertibility, but the cheap dollar and stable economy allowed industries to get money at low interest, invest, and get many of their supplies and machines from abroad. The problem was the trade balance, because imports increased a lot more (267%) and except in 1995-1996 the trade balance account
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I would rather not say that exports were harmed by the low exchange rate. The connection is not as direct. Of course, with a higher exchange rate exports would have been much more profitable in local terms, so exports increased less than most think they would've with a higher exchange rate. But
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Some analysts (I don't have the source here, but I read the thing yesterday somewhere) think the peso was not overvalued, and that the problem was the lack of a responsible economic plan. I went to the INDEC and found that exports more than doubled (121% increase) between 1991 (the beginning of
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It's usually recommended that you don't do partial edits, leaving sections "to be completed". Better write a very short summary as free text (not a bullet lists of items). You can also write offline comfortably in a text editor, and then paste the whole thing into the article so as to have a
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I haven't been able to find any information related to the "Acephaly Act" that was noted in this article under the sub-section "The RodrĂguez Saá Administration." Could the poster please cite where he/she obtained this information or link the actual text of the Act. Thank you so much!
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Its not clear what country these riots took place, or in what year. Also the ousted presidents full name, and if possible a link to a page on him. (I presume the year is 2001, but that is guesswork only) It still needs further editing, the
English is still rather twisted.
704:- why did they do this? Some more explanation might be in order. They all went to withdraw their money, but why? And how come the withdrawing stopped? I heard something about the banks refusing to give people their money. Did the banks decide this or did the government?
702:"This entire crisis came to a head on November 29, 2001, when Argentines took to banks and financial institutions to withdraw millions of pesos and dollars from their accounts. Had the withdrawal continued, Argentina's entire banking system would have collapsed."
581:, which seems like a more appropriate place to discuss this matter. Maybe the above discussion should be moved/copied there. Again, in that article the claim that exports were made uncompetitive by the exchange rate was written by me in the first place.
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In response to that, you can find it in
Spanish as "Ley de AcefalĂa Presidencial" under the number 20972. It was sanctioned in the year 1975 but, I would assume as a consequence of the events of December 2001, was modified in early 2002 by Law no. 25716
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has been adding important content and doing some refactoring — I suggest that you register with a username, so that you have a Talk page for discussion and important messages, and since it's customary for users who make such extensive edits.
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I've come to realize that "Acephaly" is not actually the name of the act as implied by the capitalization of the term. Does anyone know the real name of the law? Does it even exist? If so, it really needs to be linked or cited...please.
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Tobias, did you even read what I wrote just above? Saying that something "is claimed by some people" is no good. Better not having it at all than having it like that, because all sorts of disputable things are "claimed by some people".
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convertibility) and 1997 (just before the recession hit). Fuel and energy exports increased 329%; industrial manufactures 179%. Agricultural and primary products performed worse, but still increased over 70%. Why? Certainly not
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is a redirect to this article, but is not mentioned in the article, leaving the reader none the wiser to its meaning. I would take the redirect to RfD, but the term obviously is sometimes used in
English-language sources
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Suggest this article's current name ("December 2001 Argentina riots") amended to "December 2001 riots in
Argentina" as this avoids using "Argentina" as an adjectival (i.e. it's less awkward-sounding English).
754:; a discussion will now take place over on Commons about whether to remove the file. This gives you an opportunity to contest the deletion, although please review Commons guidelines before doing so.
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The original author is obviously personally familiar with the events. The rest of us need a bit more help to understand the events, and put them into context. I'd suggest replacing
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982:) to refer to the 2001 riots, so it would be better to work it into the article somewhere. Should it be mentioned in bold in the lede? If not, where does it belong? –
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Can somebody with more familiarity with recent South
American history confirm the correctness of my inferences from this article, and I'll tidy it up further.
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Lo lei de principio a fin, uno de os articulos mejor redactados del tema. Esto realmente me trae recuerdos de lo que fueron esos años. --
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I think its obvious that the over-valuation of the Peso hurt the
Argentine exportations. I don't see any POV there. I would remove the
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I have finished filling out the subsections; something came up while I was writing them yesterday and I had no time to complete them.
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Exports were comparatively high-priced; that may have been uncompetitive (I'll try to look up sources for that). But imports
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use some additional explanation to this effect. Or were accounts payable in real folding US dollers? or something else?
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use some additional explanation to this effect. Or were accounts payable in real folding US dollers? or something else?
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https://web.archive.org/web/20051109185014/http://www.wdm.org.uk:80/campaigns/cambriefs/debt/stateunrest3/unrest3i.htm
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https://web.archive.org/web/20071024022128/http://archives.cnn.com:80/2001/WORLD/americas/12/20/argentina/index.html
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Perhaps a small resume (or link to another article) of what happened next , would be a better end for this article.
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complete structure all at once. After that, if the article seems long and complex (which it should), we can file a
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to delete these "External links modified" talk page sections if they want to de-clutter talk pages, but see the
467:". Passive voice and indefinite qualifiers are not a good idea; we need sources. I'm going to look for them (
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https://web.archive.org/web/20070615180050/http://www.sunysb.edu/sociol/faculty/Auyero/Food%20Riots%203.pdf
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To take part in any discussion, or to review a more detailed deletion rationale please visit the relevant
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before doing mass systematic removals. This message is updated dynamically through the template
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it was hard to work out from the original article. It could also do with being renamed. --
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If you found an error with any archives or the URLs themselves, you can fix them with
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266:"in the bank titled in U.S. dollars." is my best translation of the original phrase.
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with "be the freezing of bank deposit accounts by the economy minister
Domingo"
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It'd be extremely helpful if everybody signed their posts using four tildes ~~~~.
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http://servicios.infoleg.gob.ar/infolegInternet/anexos/80000-84999/81152/norma.htm
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522:. Get your pesos here, turn them quickly into dollars, and store them elsewhere.
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902:. No special action is required regarding these talk page notices, other than
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then you may need to upload it to Knowledge (Commons does not allow fair use)
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I've gone ahead and added mention of it to the lead together with citation.
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This is Bot placed notification, another user has nominated/tagged the image
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opinion stated as fact, neither do I want to treat the matter lightly. --
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http://www.wdm.org.uk/campaigns/cambriefs/debt/stateunrest3/unrest3i.htm
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http://archives.cnn.com/2001/WORLD/americas/12/20/argentina/index.html
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245:"be the freezing of bank deposits by the economy minister Domingo"
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We should be careful not to repeat everything already explained in
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http://www.sunysb.edu/sociol/faculty/Auyero/Food%20Riots%203.pdf
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https://www.argentina.gob.ar/normativa/nacional/ley-20972-81179
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and contribute to a wider array of articles like those on our
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When you have finished reviewing my changes, please set the
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http://www.tribalmessenger.org/headlines/argentine-riots.htm
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the 1-to-1 rate, while instrumental to overcome the chronic
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for additional information. I made the following changes:
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is a good place if you like dig those things up). I think
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with "The currency drain took place all through 2001"
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was in the red. Those were dollars going away forever.
257:"The leaking of deposits took place all through 2001"
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is the ousted president and the country concerned is
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Gotan Project did a song and video clip about this:
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On second thought, I've placed a note about this at
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It is Argentina, here are some external articles by
107:. If you would like to participate, you can improve
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906:using the archive tool instructions below. Editors
765:If the image isn't freely licensed and there is no
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556:definitely encouraged by the low exchange rate.
254:with "stem the currency drain on the banks."
892:This message was posted before February 2018.
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808:I have just modified 3 external links on
719:File:De.la.rua.ogv Nominated for Deletion
429:The changed that Tobias made to this (in
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583:Mea culpa, mea culpa, mea maxima culpa.
251:"stop deposit leaking from the banks."
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674:http://youtube.com/watch?v=0uvagiSClgY
881:to let others know (documentation at
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446:it is claimed by some people to have
332:Argentina - The Revolution has Begun
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769:then it cannot be uploaded or used.
531:Just my two (devalued) centavos. --
38:It is of interest to the following
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1027:Top-importance Argentine articles
812:. Please take a moment to review
594:Well, I made a change again. See
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475:would need that too. --
784:CommonsNotificationBot
28:This article is rated
183:comment was added by
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904:regular verification
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894:After February 2018
873:parameter below to
489:phrase of Tobias. -
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948:InternetArchiveBot
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634:Excelente articulo
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554:were
431:bold
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