<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0120-2596</journal-id>
<journal-title><![CDATA[Lecturas de Economía]]></journal-title>
<abbrev-journal-title><![CDATA[Lect. Econ.]]></abbrev-journal-title>
<issn>0120-2596</issn>
<publisher>
<publisher-name><![CDATA[Universidad de Antioquia]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0120-25962020000100223</article-id>
<article-id pub-id-type="doi">10.17533/udea.le.n9208</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[On Argentina&#8217;s Currency Crisis of 2018]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Castillo-Ponce]]></surname>
<given-names><![CDATA[Ramon Amadeo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[S. Lai]]></surname>
<given-names><![CDATA[Kon]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,California State University  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Estados Unidos</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,California State University  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Estados Unidos</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2020</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2020</year>
</pub-date>
<numero>92</numero>
<fpage>223</fpage>
<lpage>233</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S0120-25962020000100223&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S0120-25962020000100223&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S0120-25962020000100223&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract Argentina painfully became the world&#8217;s riskiest sovereign borrower behind Venezuela in 2018. Its national currency, the Argentine peso, lost more than 50 % in value against the dollar in just the first 8 months of the year, contributing to rising inflation and soaring interest rates. Argentina had to ask for financial assistance from the International Monetary Fund (IMF), and the country obtained a $50-billion bailout package in June, the biggest loan in the IMF&#8217;s history. In addition to the IMF&#8217;s financing deal, Argentina&#8217;s central bank jacked up its benchmark interest rate to 60 % &#8212; the highest in the world &#8212; in late August in a struggle to fight galloping inflation and stabilize the peso, which plunged to record lows.]]></p></abstract>
</article-meta>
</front>
</article>
