... a 54% slump in new car sales since 2001, now accepts grain instead of pesos for the farmers' favorite, the pick-up truck. Other purchases exchanged for grain include farm equipment, seed and property. It may seem like an archaic system, but this is doing business Argentine-style in the 21st century. The Common Market of the South (Mercado Comun del Sur ... during various episodes of international financial turbulence. The motivation for that is the peso parity against the dollar that made the peso a strong currency excellent to be take out during bad periods. It is also worth noting tha...

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• Approx Pages: 13
• Grade Level: Undergraduate