On November 12, the Deputy Governor of the BCRA, Vladimir Werning, presented “Stabilization Agenda: Convergence of Financial Markets (Stages 1 & 2) and Economic Fundamentals (Stage 3)” at the 18th Symposium on Capital Markets and Corporate Finance organized by the Argentine Institute of Finance Executives (Instituto Argentino de Ejecutivos en Finanzas, IAEF).
AGENDA
1 | Financial Markets: Lower Domestic Uncertainty despite Higher External Uncertainty
2 | Fiscal Fundamentals: Zero Deficit (Credible) + Debt Stock (Moderate) + Growth (Incipient)
3 | Foreign Exchange Fundamentals: Capital Account Flows (Financing + Repatriation) Emerge
4 | Monetary Fundamentals: LHS (ARS) and RHS (USD) Remonetization Progress
5 | Banking Fundamentals: Improved Liquidity Flow through the Domestic Financial Plumbing
6 | Macroeconomic Fundamentals: Inflation Converges and Economic Recession Ends
7 | Political Fundamentals: Popular Support for the Reform Program Remains Strong
