Four individuals (i.e., Amy, Brad, Chris, and Dale) just founded a firm. Thanks to their prestige as College graduates, they manage to secure an interesting contract with the International Monetary Fund (IMF). In particular, they will have to prepare training material on the recent financial history of Argentina covering the 1990s and 2000s. To start the elaboration of that material, they are discussing relevant aspects of the Argentine Peso Crisis (2002).

a.From the historical viewpoint, what moment in the world monetary history best relates to the monetary policy choices made in Argentina in the 1990s? Please explain.

b.What was the social event (i.e., the point of no return) that led to the Argentine Peso Crisis of 2002? Please explain.