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28D
28D is the term used to refer to the 28 December 2017 press conference of the Central Bank of Argentina together with the Treasury in which they changed their inflation target. This event is the beginning of the loss of confidence that sparked the beginning of the 2018 Argentine monetary crisis. Background Inflation in 2017 was 25% and the Macri's administration was coming off a major victory in the legislative elections. On 28 December, the change in inflation targets for 2018 was announced, which was 10% annually and was raised to 15%. Many read this measure as it was an advance of the Chief of Cabinet and the Ministers of Treasury and Public Finance on the independence of the Central Bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central ba .... Bibliography 2017 in Arg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Presidency Of Mauricio Macri
The Presidency of Mauricio Macri began on 10 December 2015, when Mauricio Macri was sworn into office on 10 December 2015 to a four-year term as President of Argentina. Macri took office following a 51.34% to 48.66% runoff ballotage win over Daniel Scioli in the 2015 general election. He is Argentina's first democratically elected non- Radical or Peronist president since 1916. In elections of October 2019, he lost his re-election bid for a second term and was succeeded by Alberto Fernández as president. Macri is also the first incumbent president in Argentina and South America's history to be unseated by a challenger and not reaching a second term. President-elect He has promised to reduce inflation, improve conditions for business, and cease the international alignment with Venezuela and Iran. Macri has announced an infrastructure development strategy named ''Plan Belgrano'' (after Manuel Belgrano), a plan aimed at building infrastructure and encouraging industry developme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of Argentina
The Central Bank of the Argentine Republic ( es, Banco Central de la República Argentina, BCRA) is the central bank of Argentina, being an autarchic entity. Article 3 of the Organic Charter lists the objectives of this Institution: “The bank aims to promote, to the extent of its powers and within the framework of the policies established by the national government, monetary stability, financial stability, employment, and economic development with social equity. Establishment Established by six Acts of Congress enacted on May 28, 1935, the bank replaced Argentina's currency board, which had been in operation since 1899. Its first president was Ernesto Bosch, who served in that capacity from 1935 to 1945. The Central Bank's headquarters on San Martín Street (in the heart of Buenos Aires' financial district, known locally as the ''city''), was originally designed in 1872 by architects Henry Hunt and Hans Schroeder. Completed in 1876, the Italian Renaissance-inspired buildi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of The Treasury (Argentina)
The Ministry of Economy ( es, Ministerio de Economía) of Argentina is the country's state treasury and a ministry of the national executive power that manages economic policy. The Ministry of Economy is one of the oldest ministries in the Argentine government, having existed continuously since the formation of the first Argentine executive in 1854, in the presidency of Justo José de Urquiza – albeit under the name of Ministry of the Treasury. The current minister responsible is Sergio Massa, who has served since 2022 in the cabinet of Alberto Fernández. Headquarters The Argentine Ministry of the Treasury has, since the building's 1939 inaugural, been based in a 14-story Rationalist office building designed by local architect Carlos Pibernat. The Economy Ministry building was built on a 0.57 ha (1.4 ac) Montserrat neighborhood lot facing the Casa Rosada presidential office building to the north, and the Defense Ministry (Libertador Building) to the easta government ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inflation Targeting
In macroeconomics, inflation targeting is a monetary policy where a central bank follows an explicit target for the inflation rate for the medium-term and announces this inflation target to the public. The assumption is that the best that monetary policy can do to support long-term growth of the economy is to maintain price stability, and price stability is achieved by controlling inflation. The central bank uses interest rates as its main short-term monetary instrument. An inflation-targeting central bank will raise or lower interest rates based on above-target or below-target inflation, respectively. The conventional wisdom is that raising interest rates usually cools the economy to rein in inflation; lowering interest rates usually accelerates the economy, thereby boosting inflation. The first three countries to implement fully-fledged inflation targeting were New Zealand, Canada and the United Kingdom in the early 1990s, although Germany had adopted many elements of inflat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2018 Argentine Monetary Crisis
Eighteen or 18 may refer to: * 18 (number), the natural number following 17 and preceding 19 * one of the years 18 BC, AD 18, 1918, 2018 Film, television and entertainment * ''18'' (film), a 1993 Taiwanese experimental film based on the short story ''God's Dice'' * ''Eighteen'' (film), a 2005 Canadian dramatic feature film * 18 (British Board of Film Classification), a film rating in the United Kingdom, also used in Ireland by the Irish Film Classification Office * 18 (''Dragon Ball''), a character in the ''Dragon Ball'' franchise * "Eighteen", a 2006 episode of the animated television series ''12 oz. Mouse'' Music Albums * ''18'' (Moby album), 2002 * ''18'' (Nana Kitade album), 2005 * '' 18...'', 2009 debut album by G.E.M. Songs * "18" (5 Seconds of Summer song), from their 2014 eponymous debut album * "18" (One Direction song), from their 2014 studio album ''Four'' * "18", by Anarbor from their 2013 studio album '' Burnout'' * "I'm Eighteen", by Alice Cooper commonly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Embi Argentina
Embi ( kz, Ембі, ''Embı'') is a town in Mugalzhar District in Aktobe Region of western Kazakhstan. The town is on the left bank of the Emba River. Population: History Embi (or Emba) was founded in the 1900s, when the railroad connecting Orenburg and Tashkent was built. At the time, it was a part of Turgay Oblast. After a number of administrative transformations, in 1936 Embi ended up in Kazakh Soviet Socialist Republic. Embi was a part of Aktobe Region. In 1937, it was granted status of urban-type settlement. By 1958, it belonged to Zhoryn District, which was eventually abolished and merged into Oktyabrsky District (which was later renamed Mugalzhar District). In 1967, Embi was granted town status. The former military installation to the south of Embi known as "Embi-5" was renamed Zhem and was granted town status. During the 2022 Kazakh protests, protesters in Embi demanded removal of the mayor. On 13 March 2022, Embi held a free and fair election, in which independent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inflation
In economics, inflation is an increase in the general price level of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of inflation is deflation, a sustained decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. As prices do not all increase at the same rate, the consumer price index (CPI) is often used for this purpose. The employment cost index is also used for wages in the United States. Most economists agree that high levels of inflation as well as hyperinflation—which have severely disruptive effects on the real economy—are caused by persistent excessive growth in the money supply. Views on low to moderate rates of inflation are more varied. Low or moderate inflation may be a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2017 Argentine Legislative Election
Legislative elections were held in Argentina on 22 October 2017 to elect half of the Chamber of Deputies and one third of the Senate. The result was a victory for the ruling Cambiemos alliance, being the most voted force in 13 of the 24 districts. Background The elections took place during the presidency of Mauricio Macri whose ''Cambiemos'' coalition also governed the City of Buenos Aires and Buenos Aires Province. As Cambiemos was a new coalition with few noteworthy political figures, several members of the cabinet were asked to resign from their positions and run for Congress in their respective districts instead. Peronist factions were divided in two main groups; the Citizen's Unity, led by the former president Cristina Kirchner, led the parliamentary opposition to Macri's administration. Another group was composed of politicians from the Justicialist Party and the Renewal Front. Electoral system Chamber of Deputies The 257 members of the Chamber of Deputies are electe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chief Of The Cabinet Of Ministers
The Chief of the Cabinet of Ministers of the Argentine Nation ( es, Jefe de Gabinete de Ministros de la Nación Argentina; JGM), more commonly known simply as the Cabinet Chief ( es, Jefe de Gabinete) is a ministerial office within the government of Argentina tasked with overseeing the government's general administration and acting as a link between the national executive and the Argentine National Congress. The position was created by the 1994 amendment to the Argentine Constitution. The Cabinet Chief is not a prime minister, as in Argentina's presidential democracy the role of head of government is still bestowed upon the president. However, the Cabinet Chief is still constitutionally obligated to give account of the general course of the government's policies before Congress, and may be removed through a vote of no confidence (''moción de censura'') with an absolute majority in both chambers of Congress. The current Cabinet Chief is Juan Manzur, who was sworn in on 20 Sept ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minister Of Economy (Argentina)
The Ministry of Economy ( es, Ministerio de Economía) of Argentina is the country's state treasury and a ministry of the national executive power that manages economic policy. The Ministry of Economy is one of the oldest ministries in the Argentine government, having existed continuously since the formation of the first Argentine executive in 1854, in the presidency of Justo José de Urquiza – albeit under the name of Ministry of the Treasury. The current minister responsible is Sergio Massa, who has served since 2022 in the cabinet of Alberto Fernández. Headquarters The Argentine Ministry of the Treasury has, since the building's 1939 inaugural, been based in a 14-story Rationalist office building designed by local architect Carlos Pibernat. The Economy Ministry building was built on a 0.57 ha (1.4 ac) Montserrat neighborhood lot facing the Casa Rosada presidential office building to the north, and the Defense Ministry (Libertador Building) to the easta government build ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2017 In Argentina
The following lists events that happened in Argentina in 2017. Incumbents *President: Mauricio Macri *Vice President: Gabriela Michetti Governors *Governor of Buenos Aires Province: María Eugenia Vidal *Governor of Catamarca Province: Lucía Corpacci *Governor of Chaco Province: Domingo Peppo * Governor of Chubut Province: Mario Das Neves (until 3 October); Mariano Arcioni (starting 3 October) * Governor of Córdoba: Juan Schiaretti * Governor of Corrientes Province: Ricardo Colombi (until 10 December); Gustavo Valdés (starting 10 December) *Governor of Entre Ríos Province: Gustavo Bordet *Governor of Formosa Province: Gildo Insfrán *Governor of Jujuy Province: Gerardo Morales *Governor of La Pampa Province: Carlos Verna *Governor of La Rioja Province: Ricardo Quintela *Governor of Mendoza Province: Alfredo Cornejo *Governor of Misiones Province: Hugo Passalacqua *Governor of Neuquén Province: Omar Gutiérrez * Governor of Río Negro Province: Alberto Weretilnec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2017 In Economic History
Seventeen or 17 may refer to: *17 (number), the natural number following 16 and preceding 18 * one of the years 17 BC, AD 17, 1917, 2017 Literature Magazines * ''Seventeen'' (American magazine), an American magazine * ''Seventeen'' (Japanese magazine), a Japanese magazine Novels * ''Seventeen'' (Tarkington novel), a 1916 novel by Booth Tarkington *''Seventeen'' (''Sebuntiin''), a 1961 novel by Kenzaburō Ōe * ''Seventeen'' (Serafin novel), a 2004 novel by Shan Serafin Stage and screen Film * ''Seventeen'' (1916 film), an American silent comedy film *''Number Seventeen'', a 1932 film directed by Alfred Hitchcock * ''Seventeen'' (1940 film), an American comedy film *''Eric Soya's '17''' (Danish: ''Sytten''), a 1965 Danish comedy film * ''Seventeen'' (1985 film), a documentary film * ''17 Again'' (film), a 2009 film whose working title was ''17'' * ''Seventeen'' (2019 film), a Spanish drama film Television * ''Seventeen'' (TV drama), a 1994 UK dramatic short starring Christien ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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