1) The #MSCI reclassification of #Argentina to "emerging market" status is viewed as a general thumbs-up from Wall Street. But as @reorgresearch notes in a recent report, it reflects specific and significant policy changes.
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2) For example, under President
@mauriciomacri,#Argentina eliminated restrictions on the repatriation of earnings and freed investors from needing@BancoCentral_AR approval to bring funds home from#Argentina.Show this thread
3) Importantly, the #MSCI decision also reflected confidence that these and related reforms are durable. Last year, it delayed #Argentina's reclassification, noting that the changes to capital controls did not yet seem "irreversible."
