Argy Bargy

Article Abstract:

A $300 million emergency loan package was put together for Argentina to avoid default. The package was put together by some of the less developed countries (LDCs) who themselves are some of the world's largest debtors. The result of this bail-out scheme was to secure much more favorable interest rates from its creditors. The Argentinians are in a very favorable position because they know that the banks are very reluctant to force Argentina into default because their own first-quarter earnings would be severely hurt. A default by Argentina would be less catastrophic for the country itself, because they are self- sufficient in so many ways. Other LDCs would be hurt if they defaulted because they rely heavily on imports. The favorable terms for the Argentinians may set a precedent for other big international borrowers who would like more favorable interest terms.

Accounting and auditing, Argentina, Loans, Business losses

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More on MQ

Article Abstract:

MQ is a new money supply measure created to keep M1 from becoming distorted. The new types of interest-bearing bank accounts introduced in the early 1980s have been largely responsible for the distortion of M1. MQ is arrived at by evaluating the components of M1 according to how much they are actually used in spending. MQ's growth is catching up to M1's, and it does appear to have reduced the distortion of M1.

Innovations, Money supply

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Markets See Less Inflation than Friedman

Article Abstract:

Monetarists are complaining about the decrease in the velocity of money, though the Federal Reserve appears to have begun trying to stabilize money supply growth. Many monetarists think the expansion of M1 will push up inflation. But other economists argue that changes in the nature of money and trends in M2 suggest only medium-range inflation.

Economic aspects, Economic policy, Statistics, Inflation (Finance), Monetary policy, Inflation (Economics)

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