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José Luis Machinea
José Luis Machinea (born October 5, 1946) is an Argentine economist and United Nations official. He was Minister of Economy and President of the Central Bank. Career Machinea was born in Buenos Aires, and earned a degree in Economics from the Universidad Católica Argentina in 1968. He first entered public service in 1974, as a member of the Central Bank's Center for Monetary and Banking Policy Studies. He became head of the institution's Statistics and Research Bureau in 1983, and in August 1986, President Raúl Alfonsín appointed the young economist President of the Central Bank. Machinea sought to limit central bank liabilities caused by non-performing loans to the nation's then-myriad State enterprises and agencies. He responded to growing inflation, which had been tamed somewhat in 1986, but which had grown to over 20% a month in mid-1988, by helping outline a ''Plan Primavera'' ("Springtime Plan"). Enacted on August 3, it initially reduced inflation by flooding the mar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minister Of Economy Of Argentina
The Ministry of Economy () 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 Luis Caputo, who has served since 2023 in the cabinet of Javier Milei. 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 building also designed by Pibernat. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Exchange Reserve
Foreign exchange reserves (also called forex reserves or FX reserves) are cash and other reserve assets such as gold and silver held by a central bank or other monetary authority that are primarily available to balance payments of the country, influence the foreign exchange rate of its currency, and to maintain confidence in financial markets. Reserves are held in one or more reserve currencies, nowadays mostly the United States dollar and to a lesser extent the euro. Foreign exchange reserves assets can comprise banknotes, bank deposits, and government securities of the reserve currency, such as bonds and treasury bills. Some countries hold a part of their reserves in gold, and special drawing rights are also considered reserve assets. Often, for convenience, the cash or securities are retained by the central bank of the reserve or other currency and the "holdings" of the foreign country are tagged or otherwise identified as belonging to the other country without them actuall ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
People From Buenos Aires
The term "the people" refers to the public or common mass of people of a polity. As such it is a concept of human rights law, international law as well as constitutional law, particularly used for claims of popular sovereignty. In contrast, a people is any plurality of persons considered as a whole. Used in politics and law, the term "a people" refers to the collective or community of an ethnic group or nation. Concepts Legal Chapter One, Article One of the Charter of the United Nations states that "peoples" have the right to self-determination. Though the mere status as peoples and the right to self-determination, as for example in the case of Indigenous peoples (''peoples'', as in all groups of indigenous people, not merely all indigenous persons as in ''indigenous people''), does not automatically provide for independent sovereignty and therefore secession. Indeed, judge Ivor Jennings identified the inherent problems in the right of "peoples" to self-determination, as i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Living People
Purpose: Because living persons may suffer personal harm from inappropriate information, we should watch their articles carefully. By adding an article to this category, it marks them with a notice about sources whenever someone tries to edit them, to remind them of WP:BLP (biographies of living persons) policy that these articles must maintain a neutral point of view, maintain factual accuracy, and be properly sourced. Recent changes to these articles are listed on Special:RecentChangesLinked/Living people. Organization: This category should not be sub-categorized. Entries are generally sorted by family name In many societies, a surname, family name, or last name is the mostly hereditary portion of one's personal name that indicates one's family. It is typically combined with a given name to form the full name of a person, although several give .... Maintenance: Individuals of advanced age (over 90), for whom there has been no new documentation in the last ten ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1946 Births
1946 (Roman numerals, MCMXLVI) was a common year starting on Tuesday of the Gregorian calendar, the 1946th year of the Common Era (CE) and ''Anno Domini'' (AD) designations, the 946th year of the 2nd millennium, the 46th year of the 20th century, and the 7th year of the 1940s decade. Events January * January 6 – The 1946 North Vietnamese parliamentary election, first general election ever in Vietnam is held. * January 7 – The Allies of World War II recognize the Austrian republic with its 1937 borders, and divide the country into four Allied-occupied Austria, occupation zones. * January 10 ** The first meeting of the United Nations is held, at Methodist Central Hall Westminster in London. ** ''Project Diana'' bounces radar waves off the Moon, measuring the exact distance between the Earth and the Moon, and proves that communication is possible between Earth and outer space, effectively opening the Space Age. * January 11 – Enver Hoxha declares the People's Republic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Nations Economic Commission For Latin America And The Caribbean
The United Nations Economic Commission for Latin America and the Caribbean (UNECLAC, ECLAC or ''CEPAL'', in Spanish: ''Comisión Económica para América Latina y el Caribe'') is a United Nations regional commission to encourage economic cooperation. The ECLAC includes 46 member states (20 in Latin America, 13 in the Caribbean and 13 from outside the region), and 14 associate members which are various non-independent territories, associated island countries and a commonwealth in the Caribbean. The ECLAC publishes statistics covering the countries of the regionCEPALSTAT page at official ECLAC site and makes cooperative agreements with nonprofit institutions. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inflation
In economics, inflation is an increase in the average price of goods and services in terms of money. This increase is measured using a price index, typically a consumer price index (CPI). 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 CPI inflation is deflation, a 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. Changes in inflation are widely attributed to fluctuations in Real versus nominal value (economics), real demand for goods and services (also known as demand shocks, including changes in fiscal policy, fiscal or monetary policy), changes in available supplies such as during energy crisis, energy crises (also known as supply shocks), or changes in inflation expectations, which may be self-fulfilling. Moderat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Néstor Kirchner
Néstor Carlos Kirchner Ostoić (; 25 February 195027 October 2010) was an Argentine lawyer and politician who served as the president of Argentina from 2003 to 2007. A member of the Justicialist Party, he previously served as Governor of Santa Cruz Province from 1991 to 2003, and mayor of Río Gallegos from 1987 to 1991. He later served as first gentleman of Argentina during the early tenure of his wife, Cristina Fernández de Kirchner, the first (and only) person to serve in this role. Ideologically, he identified himself as a Peronist and a progressive, with his political approach called Kirchnerism. Born in Río Gallegos, Santa Cruz, Kirchner studied law at the National University of La Plata. He met and married Cristina Fernández at this time, returned with her to Río Gallegos at graduation, and opened a law firm. Commentators have criticized him for a lack of legal activism during the Dirty War, an issue he would involve himself in as president. Kirchner ran fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Price Control
Price controls are restrictions set in place and enforced by governments, on the prices that can be charged for goods and services in a market. The intent behind implementing such controls can stem from the desire to maintain affordability of goods even during shortages, and to slow inflation, or alternatively to ensure a minimum income for providers of certain goods or to try to achieve a living wage. There are two primary forms of price control: a price ceiling, the maximum price that can be charged; and a price floor, the minimum price that can be charged. A well-known example of a price ceiling is rent control, which limits the increases that a landlord is permitted by government to charge for rent. A widely used price floor is minimum wage (wages are the price of labor). Historically, price controls have often been imposed as part of a larger incomes policy package also employing wage controls and other regulatory elements. Although price controls are routinely used by go ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Argentine Economic Crisis (1999-2002)
Argentina has faced several economic crises, such as: * The Rodrigazo (1975) * The 1989 hyperinflation in Argentina * The 1998–2002 Argentine great depression The 1998–2002 Argentine great depression was an economic depression in Argentina, which began in the third quarter of 1998 and lasted until the second quarter of 2002. It followed fifteen years of Economic history of Argentina#Stagnation (197 ... * The 2018–present Argentine monetary crisis {{disambiguation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deregulation
Deregulation is the process of removing or reducing state regulations, typically in the economic sphere. It is the repeal of governmental regulation of the economy. It became common in advanced industrial economies in the 1970s and 1980s, as a result of new trends in economic thinking about the inefficiencies of government regulation, and the risk that regulatory agencies would be controlled by the regulated industry to its benefit, and thereby hurt consumers and the wider economy. Economic regulations were promoted during the Gilded Age, in which progressive reforms were claimed as necessary to limit externalities like corporate abuse, unsafe child labor, monopolization, and pollution, and to mitigate boom and bust cycles. Around the late 1970s, such reforms were deemed burdensome on economic growth and many politicians espousing neoliberalism started promoting deregulation. The stated rationale for deregulation is often that fewer and simpler regulations will lead to raise ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Default (finance)
In finance, default is failure to meet the legal obligations (or conditions) of a loan, for example when a home buyer fails to make a mortgage payment, or when a corporation or government fails to pay a bond which has reached maturity. A national or sovereign default is the failure or refusal of a government to repay its national debt. The biggest private default in history is Lehman Brothers, with over $600 billion when it filed for bankruptcy in 2008 (equivalent to over $ billion in ). The biggest sovereign default is Greece, with $138 billion in March 2012 (equivalent to $ billion in ). Distinction from insolvency, illiquidity and bankruptcy The term "default" should be distinguished from the terms "insolvency", illiquidity and "bankruptcy": * Default: Debtors have been passed behind the payment deadline on a debt whose payment was due. * Illiquidity: Debtors have insufficient cash (or other "liquefiable" assets) to pay debts. * Insolvency: A legal term meani ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
