A standoff between Argentina’s government and central bank has sharpened debate in neighboring Brazil over the need for Congress to pass a bill making the country’s central bank formally independent. While most developed nations struggle to ascertain the right level of financial regulation following the Global financial crisis, there is a degree of uniform thought on the issue of central bank independence. This article compares the relative independence of the Argentine central bank, with that of its neighbor in Brazil.
The Guardian – Argentina cenbank crisis sharpens Brazil debate