In fact, in Argentina, people started to withdraw their deposits almost a year before the exit from the currency board, fueling capital flight and feeding back into market pressures to abandon the peg to the dollar – a dynamic that could be even faster and more furious in financially integrated European economies.
In fact, in Argentina, people started to withdraw their deposits almost a year before the exit from the currency board, fueling capital flight and feeding back into market pressures to abandon the peg to the dollar – a dynamic that could be even faster and more furious in financially integrated European economies.