Editor's Note: Argentina is a country that is accustomed to move in the ends. A convertibility furious its currency that already not resisted greater prolongation in time went without mincing to a furious devaluation also, that many became rich overnight overnight, but others lost all their savings, so extremist was also the situation for the Argentine population. And the model suffers again today. They can send me your comments to: have been exhausted the effects positive from the Crisis Argentina Buenos Aires, Argentina on May 6, 2008 I know many people who suffered harshly the crisis that Argentina went through in 2001. One of them, a neighbor of mine, lost much of the savings of his life with the famous financial corralon established by the then Minister of economy, Domingo Cavallo. I also have friends that cost a lot get a job for quite some time. Even in the neighborhood where I live, there is a supermarket that was looted in the midst of the crisis. It is true crises aren't good and generate many costs to society, as it is clear in these cases I know in depth, but in the case of the Argentine crisis, derivations of the same that had provoked you a series of positive effects to the economy were also generated.

The explosion of the convertibility (thats what was, an explosion of the model), allowed freeing the exchange rate against the US dollar, which in a few weeks trading to $3.70 for each green ticket went from 1 to 1. And beyond that the speculations of analysts at that time indicated that the dollar could continue its flight toward the $7, with consequences (hyper) inflation, the truth is that you allowed him to the Argentine economy a substantial competitiveness improvement and thus having a higher external demand, at a time where domestic demand was going through a deep crisis and where the financial system was totally unable to powerat least, try to encourage it. Product of the crisis, was also achieved balance the fiscal accounts.