Argentina President Christina Kirchner found some Yale-trained talent in her own backyard to serve as central bank president.
“Everyone knows that I am convinced that the central bank and the monetary, exchange rate and financial policy are fundamental for deepening the development policies,” Mercedes Marco del Pont said when appointed. “I believe in the operating autonomy of the central bank but I don’t think it can be independent from the whole of the nation’s economic policies,” she said. “We will propose a coordination just like what’s done in all the civilized countries on the planet.”
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All aboard the Failboat.
Argentina heard the call.
Sucks for them.
Translation: “I am taking my marching orders from the IMF and World Bank. All hail Basel and its central bank cadres.”
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