This study aims to show the extraordinary complexity of an exit from the euro by Italy through a comparison with Argentina in the nineties when they adopted a currency convertibility with the dollar. After abandoning that regime in 2002 and having defaulted on debt, the country continued to grow at high rates within a few years. According to some, the Argentine experience shows that leaving the euro and debt restructuring could "revive" Italy. This conclusion is profoundly wrong. To find out more about this comparison visit the full report below or click HERE.
|Working Paper.pdf||1.37 MB|