the Independent Evaluation Office (OIE), established three years ago within the International Monetary Fund (IMF), published in mid-summer 2004 a remarkable report on the institution’s work in Argentina in 1 during the Currency Board period — this excessively rigid monetary regime, adopted following hyperinflation in 1989-1990, and which ended in December 2001 in a context of bank collapse, default on external debt and social distress 2 (...).