Mario I. Blejer is a former Governor of the Central Bank of Argentina.
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Mario I. Blejer
Commentaries by Mario I. Blejer
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Central Banks’ Outdated Independence
BUENOS AIRES – The global financial crisis has raised fundamental questions regarding central banks’ mandates. Over the past few decades, mo…
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The Eurozone’s Fork in the Road
BUENOS AIRES – Many observers have recently declared that the eurozone debt crisis is practically resolved, or at least on hold for a few ye…
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Keep the IMF Out of Europe
BUENOS AIRES – A short-lived rumor recently suggested that the International Monetary Fund was putting together a €600 billion ($803 billion…
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The Talmud and Greek Debt
BUENOS AIRES – There are two ways to look at Greece’s majestically unsustainable sovereign-debt mountain. There is, first, a pragmatic and s…
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In Cautious Praise of Latin America
BUENOS AIRES/WASHINGTON, DC – US President Barack Obama’s trip this month to Brazil, Chile, and El Salvador is a good opportunity to assess …
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Refugees of the Currency War, Unite!
BUENOS AIRES – Today’s global currency war resembles real war in two important respects: a face-off over the structural imbalances between t…
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Latin America’s Currency Roller Coaster
BUENOS AIRES – Ever since World War II, the countries of Latin America have served as something of a currency laboratory. Across the region,…
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Argentina’s Warning to Would-Be Euro Deserters
BUENOS AIRES – The tensions between the eurozone’s north and south, and the complex and politically costly transfers of money required to da…
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Is Europe Doing Everything Wrong?
BARCELONA – The countries on the so-called “periphery” of the eurozone (Greece, Spain, Portugal, Ireland, and perhaps some others) need to c…
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Today’s Monetary Choices
Following the Asian financial crises and its global repercussions, which included the collapse of fixed exchange rates in Russia and Brazil,…
Central Banks’ Outdated Independence
Carol Maczinsky: The systems which work have independence, listen to the Sirens as you like but not when you are in control of a ship.
Central Banks’ Outdated Independence
Robert Pringle: Mario offers an excellent account of what is happening; but the enormity of what is involved in effectively abandoning the inflation targeting framework needs to be fully taken on board. If we do reje…