Re: MERVAL Indice Merval
Publicado: Vie Sep 14, 2018 5:12 pm
pampelazo escribió:
No hay que ser tan alarmista
MSCI (MSCI.N), the global stock index provider, is closely monitoring how Argentina is navigating its financial turmoil, reiterating the decision to reclassify it as an emerging market could be reversed should it restrict market access, the company’s chief executive told Reuters on Friday.
Argentina was downgraded to a “frontier market” status in 2009 after former populist President Cristina Fernandez imposed capital controls, which international investors hate.
“We are definitely monitoring the country daily and very carefully for any signals of conditions that would create lack of accessibility for international investors into their equity markets,” MSCI’s Fernandez said.
“We will be watching that and can definitely reverse our decision before it gets implemented” in May 2019, he added.
“If you go back 10, maybe 20 years, countries like this, their first reaction would have been to start slapping all sort of tariffs or controls” but they are now focusing on long-term fixes rather than a “short-term band-aid,” Fernandez said.
“I would not blame the conditions in Argentina on external factors”
https://www.reuters.com/article/us-msci ... SKCN1LU2KO