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"It gives Argentina the flexibility to absorb external shocks better".
Finally, there is the risk of external shocks.
Jordan's geographical position also makes it vulnerable to external shocks.
That made adjustment hard when external shocks hit.
"We clearly have experienced significant external shocks," he said.
Problems in markets were only caused by external shocks and, worst of all, state interference.
The modern day external shocks are clear: energy depletion, climate change, ageing populations and migration.
Specifically, we can't expect to insulate fully all institutions from all external shocks, however large.
Moody's Investors Service raised Mexico's foreign currency ratings, citing its reduced vulnerability to external shocks.
"The economy of Japan is proving disappointingly fragile to external shocks".
The world recession added more external shocks to the Spanish economy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com