Like a modern Houdini, Argentina’s president Javier Milei has escaped serial financial perils, emerging each time with a revised monetary framework. Argentina’s latest monetary scheme, which debuted on January 2, 2026, is designed to patch some of its predecessors’ defects in pursuit of further inflation reductions, more foreign exchange reserves, and renewed economic growth. The scheme could work, especially if backed by continued bilateral and multilateral financial support and a timely return to financing from global capital markets, but it contains new vulnerabilities that make the country’s path to price stability unnecessarily narrow.
Πηγή:www.piie.com