In the late 1990s, Argentina suffered a serious recession, but the country was able, unlike Brazil, to prevent a sharp devaluation of its currency. This is most likely because:

Question

Quizplus · Accepted Answer

Argentina's ability to prevent a sharp devaluation of its currency during the late 1990s recession likely stemmed from pursuing a contractionary monetary policy, which helps to increase interest rates and maintain the currency's value.

In the Late 1990s, Argentina Suffered a Serious Recession, but the Country