Argentina: The challenge and the opportunity

Maurice Obstfeld

No WP26-12, Working Paper Series from Peterson Institute for International Economics

Abstract: Once one of the world's 10 wealthiest nations, Argentina has never fully recovered from its post-World War I decline. Now, as Washington renews its focus on Latin America, libertarian president Javier Milei is betting on close ties with the Trump administration to secure lasting economic stability in Argentina, but sustained US support is not assured. Milei should revamp Argentina's exchange rate regime and monetary policy to build on his successes and strengthen his chances in the 2027 election.

Keywords: Argentina; inflation stabilization; economic reform; exchange rate; foreign exchange intervention; Trump corollary (search for similar items in EconPapers)
JEL-codes: E31 E52 E63 F5 (search for similar items in EconPapers)
Date: 2026-07
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