1. Argentina
Argentina In the last decade Argentina has suffered recurring economic problems of inflation, high external debt, capital flight, and budget deficits. ... Domestic and foreign investors were skeptical of the government's ability to pay debts and also maintain the peso's fixed exchange rate with the US dollar. ... Argentina defaulted on its debt of one hundred and forty one billion dollars to the United States; this caused the peso to depreciate in value. It then forced banks to convert U.S. dollar deposits into cheap pesos, impoverishing millions. ... Many thinks that Argentin...
- Word Count: 503
- Approx Pages: 2
- Grade Level: Undergraduate