... of the government's ability to pay debts and also maintain the peso's fixed exchange rate with the US dollar. The economic situation begins to worsen in 2001 because of the wide spreads on Argentine bonds, the banks with draws were outrageous, and consumers and investors were not confident with the economy situation. This happen in the fall of 2001, the economy ... consumer withdrawing all their funds, unemployment rate soaring, the exports and imports had an impact, budget rate, poverty contribute to the crisis and production or products. Many thinks that Argentina adoption of the Unit...

• Word Count: 503
• Approx Pages: 2
• Grade Level: Undergraduate