Argentina’s Big Dollarization Risk
null By Mary Anastasia O’GradyNov. 26, 2023 4:41 pm ETShareResizeListen(2 min)The week’s best and worst from Kim Strassel, Allysia Finley and Dan Henninger.The most notable part of Javier Milei’s victory speech on Nov. 19 was what he didn’t say. Argentina’s president-elect promised to rebuild the country, reconcile fiscal accounts and bring liberty to long-suffering Argentines. But he never mentioned dollarization, which had been a key plank in his platform.On Thursday news broke that Milei adviser and dollarization advocate Emilio Ocampo declined the post of central-bank president. This is a sharp departure from expectations created in September when Mr. Milei said the former Morgan Stanley managing director would be the man for the job.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8Continue reading your article witha WSJ subscriptionSubscribe NowAlready a subscriber? Sign InAbout this articleThe Americas“The Americas” column is commen
Nov. 26, 2023 4:41 pm ET
The most notable part of Javier Milei’s victory speech on Nov. 19 was what he didn’t say. Argentina’s president-elect promised to rebuild the country, reconcile fiscal accounts and bring liberty to long-suffering Argentines. But he never mentioned dollarization, which had been a key plank in his platform.
On Thursday news broke that Milei adviser and dollarization advocate Emilio Ocampo declined the post of central-bank president. This is a sharp departure from expectations created in September when Mr. Milei said the former Morgan Stanley managing director would be the man for the job.
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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About this article
Mary Anastasia O'Grady writes "The Americas," a weekly column on politics, economics and business in Latin America and Canada that appears every Monday in the Journal. Ms. O'Grady joined the paper in August 1995 and became a senior editorial page writer in December 1999. She was appointed an editorial board member in November 2005. She is also a member of the board of directors of the Indianapolis-based Liberty Fund.
In 2012 Ms. O’Grady won the Walter Judd Freedom Award from The Fund for American Studies. In 2009 Ms. O'Grady received the Thomas Jefferson Award from The Association of Private Enterprise Education. In 2005 Ms. O'Grady won the Bastiat Prize for Journalism awarded by the International Policy Network for her articles on the World Bank, the underground economy in Brazil and the bad economic advice the U.S. often gives to Latin American countries. In 1997 Ms. O'Grady won the Inter American Press Association's Daily Gleaner Award for editorial commentary.
Ms. O'Grady received a bachelor's degree in English from Assumption College and an M.B.A. in financial management from Pace University.
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