Financial repertoires in the making: Understanding the US dollar's popularization in Argentina

At the beginning of May 2018, after the FederalReserve Bank had announced an increase in thebenchmark interest rate, Argentina experienceda currency crisis that the central bank was unable to quell.As a result, the value of Argentina?s currency, the peso, fellnearly by 8 percent in one day against t...

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Detalles Bibliográficos
Autores: Luzzi, Mariana Dora, Wilkis, Ariel
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2018
País:Argentina
Institución:Consejo Nacional de Investigaciones Científicas y Técnicas
Repositorio:CONICET Digital (CONICET)
Idioma:inglés
OAI Identifier:oai:ri.conicet.gov.ar:11336/177869
Acceso en línea:http://hdl.handle.net/11336/177869
Access Level:acceso abierto
Palabra clave:ECONOMY
FINANCE
DOLAR
https://purl.org/becyt/ford/5.4
https://purl.org/becyt/ford/5
Descripción
Sumario:At the beginning of May 2018, after the FederalReserve Bank had announced an increase in thebenchmark interest rate, Argentina experienceda currency crisis that the central bank was unable to quell.As a result, the value of Argentina?s currency, the peso, fellnearly by 8 percent in one day against the US dollar, adevaluation noticeably higher than those experienced byother Latin American countries. For several days, in whathas become a regular event over thepast few decades, journalists eagerlydiscussed the peso dollar exchangerate, which also had a prominent placein the news. In one prime time current affairs program, a journalist observed that during the first week ofMay, 3 percent of Twitter exchanges inBuenos Aires had included the word dollar, a percentage equivalent to that of New York City