Can Argentina’s Experience Help Predict the Effects of a Potential Grexit?
Sebastian Dullien (),
Martin Rapetti () and
Pablo Schiaffino ()
Intereconomics: Review of European Economic Policy, 2016, vol. 51, issue 4, 229-236
Abstract In the debate about a possible exit of Greece from the euro area, Argentina is often referred to as an example–both by those in favour of and those warning of the adverse effects of a Grexit. Yet, while Argentina pulled off an impressive economic recovery after its 2001-02 crisis–one that goes beyond a mere commodity boom–there are important structural differences between the two countries, which still render a potential Grexit a very risky endeavour.
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