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BCRA

ELECTRONIC MONEY THE BEST ANTIDOTE AGAINST CORRUPTION

Although it demands a complex logistics for its manipulation, cash is a great promoter and facilitator of corruption. Therefore, to induce a massive use of electronic money would be a central step toward decency in Argentina. Not only because corruption would be difficult but also tax evasion. (more…)

DOLLAR RISES BECAUSE LOW PRODUCTIVITY NOT DUE TO THE CENTRAL BANK

The devaluation put an end to the artificial increase in the purchasing power in terms of dollars caused by the financing of the fiscal deficit with external debt. To generate sustainable improvements of income in term of dollars, there is no need of better Central Bank presidents but genuine increases in productivity. (more…)

BEFORE THE CENTRAL BANK, PUBLIC SECTOR MUST BE RESTRUCTURED

The agreement with the IMF stipulates that the national Treasury will not be able to receive financing from the Central Bank anymore. This requires accelerating the reduction in public spending. To this end, a more comprehensive restructuring of the public spending must be addressed, including the social spending. (more…)

El problema no es el dólar sino la inflación

La suba del dólar genera preocupación. Sin embargo, como lo demuestra la experiencia de los países vecinos es natural y necesario que el dólar suba cuando hay alta inflación. El Banco Central no va poder tranquilizarlo, si el resto del sector público no baja más rápido el gasto público. (more…)