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While the market-friendly policies of the administration of President Mauricio Macri have been welcomed by international investors and local businesses alike, the prevailing view of initial public offerings (IPOs) has become increasingly bearish.

In 2001 an economic depression and the Argentine peso being pegged to the US dollar led to the country defaulting on sovereign debt by approximately $93bn, which prevented Argentina from accessing international markets and resulted in the cancellation of IMF loans. The subsequent crisis deeply impacted credit penetration, with credit to the...

Maintaining robust levels of profitability through the use of financial instruments rather than the development of core competencies, Argentina’s insurance industry has remained relatively stable since 2008. Though technical profits remain low, they were compensated by assets held in government bonds or short-term central bank notes known as Lebacs. The introduction of more...

Argentina is, and historically has been, a country with limited market openings, which was exasperated with the establishment of protectionist measures between 2000 and 2015. Since taking office in late 2015, the administration of President Mauricio Macri has rolled back some of these in an attempt to remove export duties and foreign exchange...

The Argentine financial sector has gone through extensive structural change in the last decades in response to a variety of factors, including financial crises, debt defaults, privatisations and regulatory reforms. As in other emerging markets, the number of financial institutions in operation has declined significantly from 723 in 1977 to 110 in 2000. The 2001 economic crisis...