<?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>2619-6573</journal-id>
<journal-title><![CDATA[Ensayos de Economía]]></journal-title>
<abbrev-journal-title><![CDATA[Ens. Econ.]]></abbrev-journal-title>
<issn>2619-6573</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional de Colombia]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2619-65732022000100014</article-id>
<article-id pub-id-type="doi">10.15446/ede.v32n60.92592</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Goodbye Capital Controls, Hello IMF Loans, Welcome Back Financial Repression. Notes on Argentina's 2018/2019 Currency Crash]]></article-title>
<article-title xml:lang="es"><![CDATA[Adiós a los controles de capital, hola préstamos del FMI, bienvenida de vuelta a la represión financiera. Notas sobre el quiebre de la moneda Argentina 2018/2019]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Stanley]]></surname>
<given-names><![CDATA[Leonardo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Libman]]></surname>
<given-names><![CDATA[Emiliano]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,University of London  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>United Kingdom</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad de San Martin  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Argentina</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2022</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2022</year>
</pub-date>
<volume>32</volume>
<numero>60</numero>
<fpage>14</fpage>
<lpage>37</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S2619-65732022000100014&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S2619-65732022000100014&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S2619-65732022000100014&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This article describes the Argentinean experience during the first two decades of the 21st century. After a successful recovery phase from the 2001 debt crisis, during 2011 Argentina adopted incorrect macroeconomic policies to avoid the contractionary and inflationary effects from a large depreciation of the currency, by implementing a strict system of restrictions on foreign exchange purchase and sale. The restrictions were lifted 4 years after their implementation, and during 2016-2017 Argentina drew heavily from international capital markets until the country suffered a sudden stop of capital flows. JEL: F21; F32; F53.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Este artículo describe la experiencia argentina durante las dos primeras décadas del siglo XXI. Luego de una recuperación exitosa de la crisis de 2001, a partir del ano 2011 Argentina adoptó una política macroeconômica incorrecta, implementando un esquema de restricciones a la compra - venta de divisas. Cuatro anos luego de introducidas, las restricciones fueron levantadas, y durante 2016-2017 Argentina retornó a los mercados financieros internacionales, hasta que el país sufrió de un freno a los ingresos de capitales. JEL: F21; F32; F53.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[capital controls]]></kwd>
<kwd lng="en"><![CDATA[Inflation Targeting]]></kwd>
<kwd lng="en"><![CDATA[foreign exchange restrictions]]></kwd>
<kwd lng="en"><![CDATA[currency crises]]></kwd>
<kwd lng="en"><![CDATA[IMF programs]]></kwd>
<kwd lng="en"><![CDATA[capital flow bonanzas]]></kwd>
<kwd lng="es"><![CDATA[controles de capitales]]></kwd>
<kwd lng="es"><![CDATA[metas de inflación]]></kwd>
<kwd lng="es"><![CDATA[restricciones en el mercado de cambios]]></kwd>
<kwd lng="es"><![CDATA[crisis cambiarias]]></kwd>
<kwd lng="es"><![CDATA[programas del FMI]]></kwd>
<kwd lng="es"><![CDATA[auge de flujo de capitales]]></kwd>
</kwd-group>
</article-meta>
</front><back>
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