Argentina: A Tanzi chronicle

Vito Tanzi, the former long-time Director of the IMF’s Fiscal Affairs Department, knows Argentina well. Over the past four decades, he traveled to Argentina about thirty times and lived there for a combined period of more than one year. This book is a history of Argentina from the perspective of his periodic visits and contacts. […]

The Credit Rating Agencies and the Sovereign Ceiling

Once again, during an episode of financial turmoil, the credit rating agencies have become the target of criticism, this time on account of apparently lenient ratings granted to complex financial instruments backed by “subprime” mortgages. Whether the charges are justified or not, part of the problem lies on the narrow opinion that the ratings convey. […]