Editors Note: On April 2-5, 2016, Ernesto Talvi participated in the Latin America Shadow Financial Regulatory Committee (CLAAF), held in Washington, D.C. The committee is composed of a group of prestigious independent Latin American economists, former policymakers, and academics with strong expertise in the field of macroeconomics, banking and finance and whose goal is to identify and analyze challenges and risks for the region. The following documentPolicy Statement Number 35was released at a press conference held at the Center for Global Development immediately following the meetings. It discusses the actions taken so far by the Argentine government and recommends a series of policy actions to establish credibility, modernize th…
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