{"id":14115,"date":"2026-08-13T19:06:04","date_gmt":"2026-08-13T22:06:04","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=14115"},"modified":"2026-08-13T19:06:06","modified_gmt":"2026-08-13T22:06:06","slug":"%ea%b2%bd%ec%a0%9c-%ec%86%8c%ec%8b%9d-1-6%eb%85%84-%eb%a7%8c%ec%97%90-%eb%b0%b0%eb%8b%b9%ea%b8%88-%ed%95%b4%ec%99%b8-%ec%86%a1%ea%b8%88-%ea%b0%80%ec%86%8d%ed%99%94","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=14115","title":{"rendered":"[\uacbd\uc81c \uc18c\uc2dd 1] 6\ub144 \ub9cc\uc5d0 \ubc30\ub2f9\uae08 \ud574\uc678 \uc1a1\uae08 \uac00\uc18d\ud654"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"640\" height=\"359\" src=\"https:\/\/hanin.org.ar\/wp-content\/uploads\/2026\/08\/images-23.jpg\" alt=\"\" class=\"wp-image-14116\" style=\"aspect-ratio:1.7828073993471165;width:360px;height:auto\" srcset=\"https:\/\/hanin.org.ar\/wp-content\/uploads\/2026\/08\/images-23.jpg 640w, https:\/\/hanin.org.ar\/wp-content\/uploads\/2026\/08\/images-23-300x168.jpg 300w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">6\ub144 \ub9cc\uc5d0 \uae30\uc5c5\ub4e4\uc758 \ubc30\ub2f9\uae08 \ud574\uc678 \uc1a1\uae08 \uac00\uc18d\ud654<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">-\uc774\ubbf8 33\uc5b5 \ub2ec\ub7ec \uc774\uc0c1 \ud574\uc678\ub85c \uc1a1\uae08<br>\uc678\ud658\uaddc\uc81c \uc644\ud654\ub85c \uadf8\ub3d9\uc548 \uc911\ub2e8\ub410\ub358 \uae30\uc5c5\ub4e4\uc758 \ubc30\ub2f9\uae08 \ud574\uc678 \uc1a1\uae08\uc774 \ub2e4\uc2dc \uac00\ub2a5\ud574\uc84c\ub2e4. \uc9c0\ub09c 6\uc6d4\uc5d0\ub294 \uc0ac\uc0c1 \ucd5c\ub300 \uaddc\ubaa8\ub97c \uae30\ub85d\ud588\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">6\ub144\uac04 \uc774\uc5b4\uc9c4 \uac15\ub825\ud55c \uc678\ud658\uaddc\uc81c \uc774\ud6c4, \uc62c\ud574 \ub4e4\uc5b4 \uae30\uc5c5\ub4e4\uc740 \ub2e4\uc2dc \ud574\uc678 \ubcf8\uc0ac\ub85c \uc774\uc775\uacfc \ubc30\ub2f9\uae08\uc744 \uc1a1\uae08\ud560 \uc218 \uc788\uac8c \ub410\ub2e4.<br>\uc815\ubd80\uac00 \ud5c8\uc6a9\ud55c \uc774\ub7ec\ud55c \uc870\uce58\ub294 \uc544\ub974\ud5e8\ud2f0\ub098 \uc911\uc559\uc740\ud589(BCRA)\uc758 \uc678\ud658\uc218\uc9c0\uc5d0\ub3c4 \ubc18\uc601\ub418\uae30 \uc2dc\uc791\ud588\uc73c\uba70, \uc678\ud658\uc2dc\uc7a5\uc774 \uc810\uc9c4\uc801\uc73c\ub85c \uc815\uc0c1\ud654\ub418\uace0 \uc788\uc74c\uc744 \ubcf4\uc5ec\uc900\ub2e4.<br>\uc62c\ud574 \ub4e4\uc5b4 \uc9c0\uae08\uae4c\uc9c0 \uae30\uc5c5\ub4e4\uc774 \ud574\uc678\ub85c \uc1a1\uae08\ud55c \uae08\uc561\uc740 \uc57d 33\uc5b5 \ub2ec\ub7ec\uc5d0 \ub2ec\ud55c\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\ubc30\ub2f9\uae08 \uc1a1\uae08 \uae09\uc99d<br>\uacf5\uc2dd \uc790\ub8cc\uc5d0 \ub530\ub974\uba74 \uc62c\ud574\uac00 \uc9c4\ud589\ub420\uc218\ub85d \uae30\uc5c5\ub4e4\uc758 \ud574\uc678 \uc1a1\uae08 \uaddc\ubaa8\uac00 \ube60\ub974\uac8c \uc99d\uac00\ud588\ub2e4.<br>2\uc6d4\uc5d0\ub294 \uc774\uc775 \ubc0f \ubc30\ub2f9\uae08 \uba85\ubaa9\uc73c\ub85c 9,700\ub9cc \ub2ec\ub7ec\uac00 \ud574\uc678\ub85c \ube60\uc838\ub098\uac14\ub2e4.<br>3\uc6d4\uc5d0\ub294 8\uc5b5 6,900\ub9cc \ub2ec\ub7ec\ub85c \ud06c\uac8c \uc99d\uac00\ud588\ub2e4.<br>\uc774\ud6c4 4\uc6d4\uc5d0\ub294 3\uc5b5 6,500\ub9cc \ub2ec\ub7ec, 5\uc6d4\uc5d0\ub294 4\uc5b5 7,600\ub9cc \ub2ec\ub7ec\ub85c \uc99d\uac00\uc138\uac00 \ub2e4\uc18c \ub454\ud654\ub410\ub2e4.<br>\uadf8\ub7ec\ub098 6\uc6d4\uc5d0\ub294 \ub2e4\uc2dc \uae09\uc99d\ud574 10\uc5b5 1,500\ub9cc \ub2ec\ub7ec\ub77c\ub294 \ucd5c\uace0\uce58\ub97c \uae30\ub85d\ud588\ub2e4.<br>\uc774\uc5d0 \ub530\ub77c \uc62c\ud574 \uc0c1\ubc18\uae30 \ud574\uc678\ub85c \uc1a1\uae08\ub41c \uc774\uc775 \ubc0f \ubc30\ub2f9\uae08\uc740 \uc57d 28\uc5b5 2,300\ub9cc \ub2ec\ub7ec\uc5d0 \ub2ec\ud588\ub2e4.<br>\uc774\ub294 2016\ub144 \uc774\ud6c4 \uac00\uc7a5 \ub192\uc740 \uc218\uc900\uc774\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">7\uc6d4\uae4c\uc9c0 33\uc5b5 \ub2ec\ub7ec<br>7\uc6d4 \ub4e4\uc5b4 \ubc30\ub2f9\uae08 \ud574\uc678 \uc1a1\uae08\uc561\uc740 \ub2e4\uc2dc \uc99d\uac00\ud588\ub2e4.<br>\uc544\ub974\ud5e8\ud2f0\ub098 \uc911\uc559\uc740\ud589\uc740 \ucd5c\uadfc \ubc1c\ud45c\ud55c \ud1b5\ud654\uc815\ucc45\ubcf4\uace0\uc11c\uc5d0\uc11c 7\uc6d4\uae4c\uc9c0 \ubc30\ub2f9\uae08 \ud574\uc678 \uc1a1\uae08\uc561\uc774 33\uc5b5 \ub2ec\ub7ec\uc5d0 \ub2ec\ud588\ub2e4\uace0 \ubc1d\ud614\ub2e4.<br>\uc911\uc559\uc740\ud589\uc740 \ub2e4\uc74c\uacfc \uac19\uc774 \uc124\uba85\ud588\ub2e4.<br>\u201c\uc911\uc559\uc740\ud589\uc774 \uc2dc\ud589\ud55c \uc678\ud658\uaddc\uc81c \uc644\ud654\ub85c \uae30\uc5c5\ub4e4\uc740 6\ub144 \ub9cc\uc5d0 \ub2e4\uc2dc \ubc30\ub2f9\uae08\uc744 \ud574\uc678\ub85c \uc1a1\uae08\ud558\uae30 \uc2dc\uc791\ud560 \uc218 \uc788\uac8c \ub410\ub2e4.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\uc678\ud658\uaddc\uc81c \uc644\ud654<br>\uc774 \uac19\uc740 \uc790\uc720\ud654 \uc870\uce58\ub294 \uc9c0\ub09c\ud574 4\uc6d4 \ubc1c\ud45c\ub410\ub2e4.<br>\ub2f9\uc2dc \uc815\ubd80\ub294 \uac1c\uc778 \uc800\ucd95\uc790\ub4e4\uc5d0\uac8c \uc801\uc6a9\ub418\ub358 \uc678\ud658\uaddc\uc81c, \uc774\ub978\ubc14 \u2018\uc138\ud3ec(cepo cambiario)\u2019\ub97c \ud574\uc81c\ud558\ub294 \ub3d9\uc2dc\uc5d0 \uad6d\uc81c\ud1b5\ud654\uae30\uae08(IMF)\uacfc \uc0c8\ub85c\uc6b4 \ud569\uc758\ub97c \uccb4\uacb0\ud588\ub2e4.<br>\ub2f9\uc2dc \uc911\uc559\uc740\ud589\uc740 \uae30\uc5c5\ub4e4\uc774 \uc678\ud658\uc2dc\uc7a5\uc5d0 \uc811\uadfc\ud574 2025\ub144 1\uc6d4 1\uc77c \uc774\ud6c4 \uc2dc\uc791\ub41c \ud68c\uacc4\uc5f0\ub3c4\uc5d0\uc11c \ubc1c\uc0dd\ud55c \uc774\uc775\uc744 \ud574\uc678\ub85c \uc1a1\uae08\ud560 \uc218 \uc788\ub3c4\ub85d \ud5c8\uc6a9\ud588\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\uadf8\ub3d9\uc548 \uc313\uc600\ub358 \ubbf8\uc1a1\uae08 \uc774\uc775<br>\uadf8\uc804\uae4c\uc9c0 \uae30\uc5c5\ub4e4\uc740 \uc678\ud658\uaddc\uc81c\ub85c \uc778\ud574 \uc218\ub144 \ub3d9\uc548 \ubc1c\uc0dd\ud55c \uc774\uc775\uc744 \ud574\uc678 \ubcf8\uc0ac\ub85c \ubcf4\ub0b4\uc9c0 \ubabb\ud558\uace0 \uad6d\ub0b4\uc5d0 \uc720\ubcf4\ud574 \ub193\uc544\uc57c \ud588\ub2e4.<br>\uc2e4\uc81c\ub85c 2020\ub144\ubd80\ud130 2025\ub144\uae4c\uc9c0 \ud574\uc678\ub85c \uc1a1\uae08\ub41c \uc774\uc775\uacfc \ubc30\ub2f9\uae08\uc740 \uc0ac\uc2e4\uc0c1 \uac70\uc758 \uc5c6\uc5c8\ub2e4.<br>\uc815\ubd80\ub294 \uc774\ub807\uac8c \ub204\uc801\ub41c \ubbf8\uc1a1\uae08 \ubc30\ub2f9\uae08 \ubb38\uc81c\ub97c \ud574\uacb0\ud558\uae30 \uc704\ud574 \u2018\uc790\uc720\ub85c\uc6b4 \uc544\ub974\ud5e8\ud2f0\ub098 \uc7ac\uac74 \ucc44\uad8c(Bopreal)\u2019 \uc81c4\ucc28 \uc2dc\ub9ac\uc988\ub3c4 \ubc1c\ud589\ud588\ub2e4.<br>\ubc1c\ud589 \ud55c\ub3c4\ub294 \ucd5c\ub300 30\uc5b5 \ub2ec\ub7ec\uc774\uba70, \uc5ec\ub7ec \ubaa9\uc801 \uac00\uc6b4\ub370 \ud558\ub098\uac00 2024\ub144 12\uc6d4\uae4c\uc9c0 \ub204\uc801\ub41c \ubc30\ub2f9\uae08 \uc9c0\uae09\uc744 \uc815\uc0c1\ud654\ud558\ub294 \uac83\uc774\uc5c8\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201c\uc678\ud658\uc2dc\uc7a5 \uc815\uc0c1\ud654 \uacfc\uc815\u201d<br>Outlier\uc758 \ub300\ud45c \uac00\ube0c\ub9ac\uc5d8 \uce74\ub9c8\ub1e8(Gabriel Caama\u00f1o)\ub294 \ub2e4\uc74c\uacfc \uac19\uc774 \uc124\uba85\ud588\ub2e4.<br>\u201c\uc774\ub294 \uc678\ud658\uc2dc\uc7a5 \uc811\uadfc\uc774 \uc815\uc0c1\ud654\ub418\ub294 \uacfc\uc815\uc758 \uc77c\ubd80\ub2e4. \uc624\ub79c \uae30\uac04 \uc1a1\uae08\ud558\uc9c0 \ubabb\ud558\uace0 \uc313\uc5ec \uc788\ub358 \uc774\uc775\uc774 \ub9ce\uc558\uae30 \ub54c\ubb38\uc5d0 \uc774 \ubd80\ubd84\uc5d0\uc11c \uc678\ud654 \uc218\uc694\uac00 \uc99d\uac00\ud558\ub294 \uac83\uc740 \uc608\uc0c1\ud560 \uc218 \uc788\uc5c8\ub358 \uc77c\uc774\ub2e4.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\uc911\uc559\uc740\ud589 \uc5ed\uc2dc \ucd5c\uadfc \ubcf4\uace0\uc11c\uc5d0\uc11c \u201c\uae30\uc5c5\ub4e4\uc5d0 \ub300\ud55c \uc678\ud658\uac70\ub798\uc758 \uc790\uc720 \ud655\ub300\u201d\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \uc911\uc559\uc740\ud589\uc774 \ud604\uc7ac\uae4c\uc9c0 \uc678\ud658\ubcf4\uc720\uc561 \ud655\ucda9\uc744 \uc704\ud574 135\uc5b5 \ub2ec\ub7ec \uc774\uc0c1\uc744 \ub9e4\uc785\ud558\ub294 \ub370 \uc9c0\uc7a5\uc774 \uc5c6\uc5c8\ub2e4\uace0 \uac15\uc870\ud588\ub2e4.<br>\uc911\uc559\uc740\ud589\uc740 \ub610\ud55c 2026\ub144 \ub4e4\uc5b4 \ud574\uc678 \uc218\uc785\ub300\uae08 \uc9c0\uae09 \uc815\uc0c1\ud654\uc5d0\uc11c\ub3c4 \u201c\uc911\uc694\ud55c \uc9c4\uc804\u201d\uc774 \uc788\uc5c8\ub2e4\uace0 \ubc1d\ud614\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\ub2e8\uae30\uc801\uc73c\ub85c \ud070 \ubb38\uc81c\ub294 \uc5c6\uc5b4<br>Quantum Finanzas\uc758 \uacbd\uc81c\ud559\uc790 \ud398\ub974\ub09c\ub3c4 \ubc14\uc5d0\ub974(Fernando Baer)\ub294 \ub2e4\uc74c\uacfc \uac19\uc774 \ubd84\uc11d\ud588\ub2e4.<br>\u201c\uc6b0\uc120 \ud604\uc7ac \ub098\ud0c0\ub098\ub294 \ud604\uc0c1\uc740 \ube44\uc815\uc0c1\uc801\uc774\uc5c8\ub358 \uacfc\uc815\uc774 \uc815\uc0c1\ud654\ub418\uace0 \uc788\ub294 \uac83\uc73c\ub85c \ubcfc \uc218 \uc788\ub2e4. \ubb3c\ub860 \uc544\ub974\ud5e8\ud2f0\ub098\uc5d0\uc11c\ub294 \uc774\ub7f0 \ube44\uc815\uc0c1\uc801\uc778 \uc0c1\ud669\uc774 \uadf8\ub807\uac8c \ub4dc\ubb38 \uac83\ub3c4 \uc544\ub2c8\ub2e4.<br>\uc77c\ubd80 \uae30\uc5c5\uc758 \uacbd\uc6b0 \uacfc\uac70 \uc5ec\ub7ec \ud574 \ub3d9\uc548 \uc1a1\uae08\ud558\uc9c0 \ubabb\ud588\ub358 \uc790\uae08\uae4c\uc9c0 \ub204\uc801\ub3fc \uc788\uc5c8\uae30 \ub54c\ubb38\uc5d0 \uc774\uc81c \uc774\ub7ec\ud55c \uc790\uae08 \ud750\ub984\uc774 \ub098\ud0c0\ub098\uae30 \uc2dc\uc791\ud55c \uac83\uc774\ub2e4.<br>\ud765\ubbf8\ub85c\uc6b4 \uc810\uc740 \uc774 \uacfc\uc815\uc774 \uc911\uc559\uc740\ud589\uc774 \uc678\ud654\ub97c \ub9e4\uc785\ud558\uace0 \uc678\ud658\ubcf4\uc720\uc561\uc744 \ucd95\uc801\ud558\ub294 \uc0c1\ud669\uc5d0\uc11c \ub3d9\uc2dc\uc5d0 \uc9c4\ud589\ub410\ub2e4\ub294 \uac83\uc774\ub2e4.<br>\uc911\uae30\uc801\uc73c\ub85c \uc678\ud654\uac00 \ub300\uaddc\ubaa8\ub85c \ube60\uc838\ub098\uac04\ub2e4\uba74 \ubb38\uc81c\uac00 \ub420 \uc218 \uc788\uc9c0\ub9cc, \ub2e8\uae30\uc801\uc73c\ub85c \uacb0\uc815\uc801\uc778 \ubb38\uc81c\ub294 \uc544\ub2c8\ub2e4.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\uc5c5\uc885\ubcc4 \ubc30\ub2f9\uae08 \ud574\uc678 \uc1a1\uae08<br>6\uc6d4 \ud55c \ub2ec\uc744 \uae30\uc900\uc73c\ub85c \uc5c5\uc885\ubcc4 \ud574\uc678 \uc1a1\uae08 \uaddc\ubaa8\ub97c \ubcf4\uba74 \ub2e4\uc74c\uacfc \uac19\ub2e4.<br>\uc5d0\ub108\uc9c0 \uc5c5\uc885: 1\uc5b5 6,500\ub9cc \ub2ec\ub7ec<br>\uc2dd\ud488\u00b7\uc74c\ub8cc\u00b7\ub2f4\ubc30 \uc5c5\uc885: 1\uc5b5 3,500\ub9cc \ub2ec\ub7ec<br>\uad11\uc5c5: \uc57d 1\uc5b5 2,500\ub9cc \ub2ec\ub7ec<br>\uae08\uc735\uae30\uad00: \uc57d 1\uc5b5 1,200\ub9cc \ub2ec\ub7ec<br>\uc774 \uac19\uc740 \uc5c5\uc885\ub4e4\uc740 \uc62c\ud574 \ub0b4\ub0b4 \uc8fc\uc694 \ud574\uc678\uc1a1\uae08 \uc5c5\uc885\uc73c\ub85c \ub098\ud0c0\ub0ac\ub2e4.<br>\uc774 \ubc16\uc5d0\ub3c4 \uc720\uc9c0\uc791\ubb3c\u00b7\uace1\ubb3c \uad00\ub828 \uae30\uc5c5\uacfc \ube44\ucca0\uae08\uc18d \ubc0f \uae08\uc18d\uac00\uacf5 \uad00\ub828 \uae30\uc5c5\uc5d0\uc11c\ub3c4 \uc774\uc775\uacfc \ubc30\ub2f9\uae08\uc758 \ud574\uc678 \uc1a1\uae08\uc774 \uc9c0\uc18d\uc801\uc73c\ub85c \uc774\ub8e8\uc5b4\uc84c\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\uae30\uc0ac \ud575\uc2ec<br>6\ub144 \ub3d9\uc548 \uc0ac\uc2e4\uc0c1 \ub9c9\ud600 \uc788\ub358 \uae30\uc5c5\ub4e4\uc758 \uc774\uc775\u00b7\ubc30\ub2f9\uae08 \ud574\uc678 \uc1a1\uae08\uc774 \uc678\ud658\uaddc\uc81c \uc644\ud654\uc640 \ud568\uaed8 \ubcf8\uaca9\uc801\uc73c\ub85c \uc7ac\uac1c\ub410\ub2e4.<br>2026\ub144 \uc0c1\ubc18\uae30\uc5d0\ub9cc 28\uc5b5 2,300\ub9cc \ub2ec\ub7ec, 7\uc6d4\uae4c\uc9c0\ub294 \uc57d 33\uc5b5 \ub2ec\ub7ec\uac00 \ud574\uc678\ub85c \uc1a1\uae08\ub410\ub2e4.<br>\uadf8\ub7fc\uc5d0\ub3c4 \uc911\uc559\uc740\ud589\uc740 \ub3d9\uc2dc\uc5d0 135\uc5b5 \ub2ec\ub7ec \uc774\uc0c1\uc744 \ub9e4\uc785\ud574 \uc678\ud658\ubcf4\uc720\uc561\uc744 \ub298\ub838\ub2e4\ub294 \uc810\uc744 \uac15\uc870\ud558\uace0 \uc788\ub2e4.<br>\ub530\ub77c\uc11c \ud604\uc7ac\uc758 \ubc30\ub2f9\uae08 \uc1a1\uae08 \uc99d\uac00\ub294 \ub2e8\uc21c\ud55c \uc790\ubcf8\uc720\ucd9c\uc774\ub77c\uae30\ubcf4\ub2e4\ub294, \uc218\ub144\uac04 \uc678\ud658\uaddc\uc81c\ub85c \ub204\uc801\ub410\ub358 \ubbf8\uc1a1\uae08 \uc774\uc775\uc774 \ud574\uc18c\ub418\uba74\uc11c \uc544\ub974\ud5e8\ud2f0\ub098 \uc678\ud658\uc2dc\uc7a5\uc774 \uc815\uc0c1\uc801\uc778 \uad6c\uc870\ub85c \ub3cc\uc544\uac00\ub294 \uacfc\uc815\uc774\ub77c\ub294 \uac83\uc774 \uae30\uc0ac\uc5d0\uc11c \uc18c\uac1c\ud55c \uc804\ubb38\uac00\ub4e4\uc758 \ud3c9\uac00\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>6\ub144 \ub9cc\uc5d0 \uae30\uc5c5\ub4e4\uc758 \ubc30\ub2f9\uae08 \ud574\uc678 \uc1a1\uae08 \uac00\uc18d\ud654 -\uc774\ubbf8 33\uc5b5 \ub2ec\ub7ec \uc774\uc0c1 \ud574\uc678\ub85c \uc1a1\uae08\uc678\ud658\uaddc\uc81c \uc644\ud654\ub85c \uadf8\ub3d9\uc548 \uc911\ub2e8\ub410\ub358 \uae30\uc5c5\ub4e4\uc758 \ubc30\ub2f9\uae08 \ud574\uc678 \uc1a1\uae08\uc774 \ub2e4\uc2dc \uac00\ub2a5\ud574\uc84c\ub2e4. \uc9c0\ub09c 6\uc6d4\uc5d0\ub294 \uc0ac\uc0c1 \ucd5c\ub300 \uaddc\ubaa8\ub97c \uae30\ub85d\ud588\ub2e4. 6\ub144\uac04 \uc774\uc5b4\uc9c4 \uac15\ub825\ud55c \uc678\ud658\uaddc\uc81c \uc774\ud6c4, \uc62c\ud574 \ub4e4\uc5b4 \uae30\uc5c5\ub4e4\uc740 \ub2e4\uc2dc \ud574\uc678 \ubcf8\uc0ac\ub85c \uc774\uc775\uacfc \ubc30\ub2f9\uae08\uc744 \uc1a1\uae08\ud560 \uc218 \uc788\uac8c \ub410\ub2e4.\uc815\ubd80\uac00 \ud5c8\uc6a9\ud55c \uc774\ub7ec\ud55c \uc870\uce58\ub294 \uc544\ub974\ud5e8\ud2f0\ub098 \uc911\uc559\uc740\ud589(BCRA)\uc758 \uc678\ud658\uc218\uc9c0\uc5d0\ub3c4 \ubc18\uc601\ub418\uae30 \uc2dc\uc791\ud588\uc73c\uba70, \uc678\ud658\uc2dc\uc7a5\uc774 \uc810\uc9c4\uc801\uc73c\ub85c \uc815\uc0c1\ud654\ub418\uace0 \uc788\uc74c\uc744 \ubcf4\uc5ec\uc900\ub2e4.\uc62c\ud574 \ub4e4\uc5b4 \uc9c0\uae08\uae4c\uc9c0 \uae30\uc5c5\ub4e4\uc774 \ud574\uc678\ub85c \uc1a1\uae08\ud55c \uae08\uc561\uc740 \uc57d 33\uc5b5 \ub2ec\ub7ec\uc5d0 \ub2ec\ud55c\ub2e4. \ubc30\ub2f9\uae08 \uc1a1\uae08 \uae09\uc99d\uacf5\uc2dd \uc790\ub8cc\uc5d0 \ub530\ub974\uba74 \uc62c\ud574\uac00 \uc9c4\ud589\ub420\uc218\ub85d \uae30\uc5c5\ub4e4\uc758 \ud574\uc678 \uc1a1\uae08 \uaddc\ubaa8\uac00 \ube60\ub974\uac8c \uc99d\uac00\ud588\ub2e4.2\uc6d4\uc5d0\ub294 \uc774\uc775 \ubc0f \ubc30\ub2f9\uae08 \uba85\ubaa9\uc73c\ub85c 9,700\ub9cc \ub2ec\ub7ec\uac00 \ud574\uc678\ub85c \ube60\uc838\ub098\uac14\ub2e4.3\uc6d4\uc5d0\ub294 8\uc5b5 6,900\ub9cc \ub2ec\ub7ec\ub85c \ud06c\uac8c \uc99d\uac00\ud588\ub2e4.\uc774\ud6c4 4\uc6d4\uc5d0\ub294 3\uc5b5 6,500\ub9cc \ub2ec\ub7ec, 5\uc6d4\uc5d0\ub294 4\uc5b5 7,600\ub9cc \ub2ec\ub7ec\ub85c \uc99d\uac00\uc138\uac00 \ub2e4\uc18c \ub454\ud654\ub410\ub2e4.\uadf8\ub7ec\ub098 6\uc6d4\uc5d0\ub294 \ub2e4\uc2dc \uae09\uc99d\ud574 10\uc5b5 1,500\ub9cc \ub2ec\ub7ec\ub77c\ub294 \ucd5c\uace0\uce58\ub97c \uae30\ub85d\ud588\ub2e4.\uc774\uc5d0 \ub530\ub77c \uc62c\ud574 \uc0c1\ubc18\uae30 \ud574\uc678\ub85c \uc1a1\uae08\ub41c \uc774\uc775 \ubc0f \ubc30\ub2f9\uae08\uc740 \uc57d 28\uc5b5 2,300\ub9cc \ub2ec\ub7ec\uc5d0 \ub2ec\ud588\ub2e4.\uc774\ub294 2016\ub144 \uc774\ud6c4 \uac00\uc7a5 \ub192\uc740 \uc218\uc900\uc774\ub2e4. 7\uc6d4\uae4c\uc9c0 33\uc5b5 \ub2ec\ub7ec7\uc6d4 \ub4e4\uc5b4 \ubc30\ub2f9\uae08 \ud574\uc678 \uc1a1\uae08\uc561\uc740 \ub2e4\uc2dc \uc99d\uac00\ud588\ub2e4.\uc544\ub974\ud5e8\ud2f0\ub098 \uc911\uc559\uc740\ud589\uc740 \ucd5c\uadfc \ubc1c\ud45c\ud55c \ud1b5\ud654\uc815\ucc45\ubcf4\uace0\uc11c\uc5d0\uc11c 7\uc6d4\uae4c\uc9c0 \ubc30\ub2f9\uae08 \ud574\uc678 \uc1a1\uae08\uc561\uc774 33\uc5b5 \ub2ec\ub7ec\uc5d0 \ub2ec\ud588\ub2e4\uace0 \ubc1d\ud614\ub2e4.\uc911\uc559\uc740\ud589\uc740 \ub2e4\uc74c\uacfc \uac19\uc774 \uc124\uba85\ud588\ub2e4.\u201c\uc911\uc559\uc740\ud589\uc774 \uc2dc\ud589\ud55c \uc678\ud658\uaddc\uc81c \uc644\ud654\ub85c \uae30\uc5c5\ub4e4\uc740 6\ub144 \ub9cc\uc5d0 \ub2e4\uc2dc \ubc30\ub2f9\uae08\uc744 \ud574\uc678\ub85c \uc1a1\uae08\ud558\uae30 \uc2dc\uc791\ud560 \uc218 \uc788\uac8c \ub410\ub2e4.\u201d \uc678\ud658\uaddc\uc81c \uc644\ud654\uc774 \uac19\uc740 \uc790\uc720\ud654 \uc870\uce58\ub294 \uc9c0\ub09c\ud574 4\uc6d4 \ubc1c\ud45c\ub410\ub2e4.\ub2f9\uc2dc \uc815\ubd80\ub294 \uac1c\uc778 \uc800\ucd95\uc790\ub4e4\uc5d0\uac8c \uc801\uc6a9\ub418\ub358 \uc678\ud658\uaddc\uc81c, \uc774\ub978\ubc14 \u2018\uc138\ud3ec(cepo cambiario)\u2019\ub97c \ud574\uc81c\ud558\ub294 \ub3d9\uc2dc\uc5d0 \uad6d\uc81c\ud1b5\ud654\uae30\uae08(IMF)\uacfc \uc0c8\ub85c\uc6b4 \ud569\uc758\ub97c \uccb4\uacb0\ud588\ub2e4.\ub2f9\uc2dc \uc911\uc559\uc740\ud589\uc740 \uae30\uc5c5\ub4e4\uc774 \uc678\ud658\uc2dc\uc7a5\uc5d0 \uc811\uadfc\ud574 2025\ub144 1\uc6d4 1\uc77c \uc774\ud6c4 \uc2dc\uc791\ub41c \ud68c\uacc4\uc5f0\ub3c4\uc5d0\uc11c \ubc1c\uc0dd\ud55c \uc774\uc775\uc744 \ud574\uc678\ub85c \uc1a1\uae08\ud560 \uc218 \uc788\ub3c4\ub85d \ud5c8\uc6a9\ud588\ub2e4. \uadf8\ub3d9\uc548 \uc313\uc600\ub358 \ubbf8\uc1a1\uae08 \uc774\uc775\uadf8\uc804\uae4c\uc9c0 \uae30\uc5c5\ub4e4\uc740 \uc678\ud658\uaddc\uc81c\ub85c \uc778\ud574 \uc218\ub144 \ub3d9\uc548 \ubc1c\uc0dd\ud55c \uc774\uc775\uc744 \ud574\uc678 \ubcf8\uc0ac\ub85c \ubcf4\ub0b4\uc9c0 \ubabb\ud558\uace0 \uad6d\ub0b4\uc5d0 \uc720\ubcf4\ud574 \ub193\uc544\uc57c \ud588\ub2e4.\uc2e4\uc81c\ub85c 2020\ub144\ubd80\ud130 2025\ub144\uae4c\uc9c0 \ud574\uc678\ub85c \uc1a1\uae08\ub41c \uc774\uc775\uacfc \ubc30\ub2f9\uae08\uc740 \uc0ac\uc2e4\uc0c1 \uac70\uc758 \uc5c6\uc5c8\ub2e4.\uc815\ubd80\ub294 \uc774\ub807\uac8c \ub204\uc801\ub41c \ubbf8\uc1a1\uae08 \ubc30\ub2f9\uae08 \ubb38\uc81c\ub97c \ud574\uacb0\ud558\uae30 \uc704\ud574 \u2018\uc790\uc720\ub85c\uc6b4 \uc544\ub974\ud5e8\ud2f0\ub098 \uc7ac\uac74 \ucc44\uad8c(Bopreal)\u2019 \uc81c4\ucc28 \uc2dc\ub9ac\uc988\ub3c4 \ubc1c\ud589\ud588\ub2e4.\ubc1c\ud589 \ud55c\ub3c4\ub294 \ucd5c\ub300 30\uc5b5 \ub2ec\ub7ec\uc774\uba70, \uc5ec\ub7ec \ubaa9\uc801 \uac00\uc6b4\ub370 \ud558\ub098\uac00 2024\ub144 12\uc6d4\uae4c\uc9c0 \ub204\uc801\ub41c \ubc30\ub2f9\uae08 \uc9c0\uae09\uc744 \uc815\uc0c1\ud654\ud558\ub294 \uac83\uc774\uc5c8\ub2e4. \u201c\uc678\ud658\uc2dc\uc7a5 \uc815\uc0c1\ud654 \uacfc\uc815\u201dOutlier\uc758 \ub300\ud45c \uac00\ube0c\ub9ac\uc5d8 \uce74\ub9c8\ub1e8(Gabriel Caama\u00f1o)\ub294 \ub2e4\uc74c\uacfc \uac19\uc774 \uc124\uba85\ud588\ub2e4.\u201c\uc774\ub294 \uc678\ud658\uc2dc\uc7a5 \uc811\uadfc\uc774 \uc815\uc0c1\ud654\ub418\ub294 \uacfc\uc815\uc758 \uc77c\ubd80\ub2e4. \uc624\ub79c \uae30\uac04 \uc1a1\uae08\ud558\uc9c0 \ubabb\ud558\uace0 \uc313\uc5ec \uc788\ub358 \uc774\uc775\uc774 \ub9ce\uc558\uae30 \ub54c\ubb38\uc5d0 \uc774 \ubd80\ubd84\uc5d0\uc11c \uc678\ud654 \uc218\uc694\uac00 \uc99d\uac00\ud558\ub294 \uac83\uc740 \uc608\uc0c1\ud560 \uc218 \uc788\uc5c8\ub358 \uc77c\uc774\ub2e4.\u201d \uc911\uc559\uc740\ud589 \uc5ed\uc2dc \ucd5c\uadfc \ubcf4\uace0\uc11c\uc5d0\uc11c \u201c\uae30\uc5c5\ub4e4\uc5d0 \ub300\ud55c \uc678\ud658\uac70\ub798\uc758 \uc790\uc720 \ud655\ub300\u201d\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \uc911\uc559\uc740\ud589\uc774 \ud604\uc7ac\uae4c\uc9c0 \uc678\ud658\ubcf4\uc720\uc561 \ud655\ucda9\uc744 \uc704\ud574 135\uc5b5 \ub2ec\ub7ec \uc774\uc0c1\uc744 \ub9e4\uc785\ud558\ub294 \ub370 \uc9c0\uc7a5\uc774 \uc5c6\uc5c8\ub2e4\uace0 \uac15\uc870\ud588\ub2e4.\uc911\uc559\uc740\ud589\uc740 \ub610\ud55c 2026\ub144 \ub4e4\uc5b4 \ud574\uc678 \uc218\uc785\ub300\uae08 \uc9c0\uae09 \uc815\uc0c1\ud654\uc5d0\uc11c\ub3c4 \u201c\uc911\uc694\ud55c \uc9c4\uc804\u201d\uc774 \uc788\uc5c8\ub2e4\uace0 \ubc1d\ud614\ub2e4. \ub2e8\uae30\uc801\uc73c\ub85c \ud070 \ubb38\uc81c\ub294 \uc5c6\uc5b4Quantum Finanzas\uc758 \uacbd\uc81c\ud559\uc790 \ud398\ub974\ub09c\ub3c4 \ubc14\uc5d0\ub974(Fernando Baer)\ub294 \ub2e4\uc74c\uacfc \uac19\uc774 \ubd84\uc11d\ud588\ub2e4.\u201c\uc6b0\uc120 \ud604\uc7ac \ub098\ud0c0\ub098\ub294 \ud604\uc0c1\uc740 \ube44\uc815\uc0c1\uc801\uc774\uc5c8\ub358 \uacfc\uc815\uc774 \uc815\uc0c1\ud654\ub418\uace0 \uc788\ub294 \uac83\uc73c\ub85c \ubcfc \uc218 \uc788\ub2e4. \ubb3c\ub860 \uc544\ub974\ud5e8\ud2f0\ub098\uc5d0\uc11c\ub294 \uc774\ub7f0 \ube44\uc815\uc0c1\uc801\uc778 \uc0c1\ud669\uc774 \uadf8\ub807\uac8c \ub4dc\ubb38 \uac83\ub3c4 \uc544\ub2c8\ub2e4.\uc77c\ubd80 \uae30\uc5c5\uc758 \uacbd\uc6b0 \uacfc\uac70 \uc5ec\ub7ec \ud574 \ub3d9\uc548 \uc1a1\uae08\ud558\uc9c0 \ubabb\ud588\ub358 \uc790\uae08\uae4c\uc9c0 \ub204\uc801\ub3fc \uc788\uc5c8\uae30 \ub54c\ubb38\uc5d0 \uc774\uc81c \uc774\ub7ec\ud55c \uc790\uae08 \ud750\ub984\uc774 \ub098\ud0c0\ub098\uae30 \uc2dc\uc791\ud55c \uac83\uc774\ub2e4.\ud765\ubbf8\ub85c\uc6b4 \uc810\uc740 \uc774 \uacfc\uc815\uc774 \uc911\uc559\uc740\ud589\uc774 \uc678\ud654\ub97c \ub9e4\uc785\ud558\uace0 \uc678\ud658\ubcf4\uc720\uc561\uc744 \ucd95\uc801\ud558\ub294 \uc0c1\ud669\uc5d0\uc11c \ub3d9\uc2dc\uc5d0 \uc9c4\ud589\ub410\ub2e4\ub294 \uac83\uc774\ub2e4.\uc911\uae30\uc801\uc73c\ub85c \uc678\ud654\uac00 \ub300\uaddc\ubaa8\ub85c \ube60\uc838\ub098\uac04\ub2e4\uba74 \ubb38\uc81c\uac00 \ub420 \uc218 \uc788\uc9c0\ub9cc, \ub2e8\uae30\uc801\uc73c\ub85c \uacb0\uc815\uc801\uc778 \ubb38\uc81c\ub294 \uc544\ub2c8\ub2e4.\u201d \uc5c5\uc885\ubcc4 \ubc30\ub2f9\uae08 \ud574\uc678 \uc1a1\uae086\uc6d4 \ud55c \ub2ec\uc744 \uae30\uc900\uc73c\ub85c \uc5c5\uc885\ubcc4 \ud574\uc678 \uc1a1\uae08 \uaddc\ubaa8\ub97c \ubcf4\uba74 \ub2e4\uc74c\uacfc \uac19\ub2e4.\uc5d0\ub108\uc9c0 \uc5c5\uc885: 1\uc5b5 6,500\ub9cc \ub2ec\ub7ec\uc2dd\ud488\u00b7\uc74c\ub8cc\u00b7\ub2f4\ubc30 \uc5c5\uc885: 1\uc5b5 3,500\ub9cc \ub2ec\ub7ec\uad11\uc5c5: \uc57d 1\uc5b5 2,500\ub9cc \ub2ec\ub7ec\uae08\uc735\uae30\uad00: \uc57d 1\uc5b5 1,200\ub9cc \ub2ec\ub7ec\uc774 \uac19\uc740 \uc5c5\uc885\ub4e4\uc740 \uc62c\ud574 \ub0b4\ub0b4 \uc8fc\uc694 \ud574\uc678\uc1a1\uae08 \uc5c5\uc885\uc73c\ub85c \ub098\ud0c0\ub0ac\ub2e4.\uc774 \ubc16\uc5d0\ub3c4 \uc720\uc9c0\uc791\ubb3c\u00b7\uace1\ubb3c \uad00\ub828 \uae30\uc5c5\uacfc \ube44\ucca0\uae08\uc18d \ubc0f \uae08\uc18d\uac00\uacf5 \uad00\ub828 \uae30\uc5c5\uc5d0\uc11c\ub3c4 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