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The IMF’s 2018 Stand-By Arrangement with Argentina: An Ultra Vires Act?

A good paper by Karina Patricio and Chris Marsh that deserves a wider readership, in particular if you are interested on the International Monetary Fund (IMF) and it's policies. The paper argues that the IMF agreement is legally void, and might lend support (the authors do not say so) to a more radical view, suggesting that Argentina should not pay. From the abstract:The 36-month exceptional access Stand-By Arrangement (SBA) with the Republic of Argentina approved by the International...

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