Research current economic data on Argentina. (You may find some information here http://www.focus-economics.com/countries/argentina).Explain why a currency devaluation, whether intentional or not, would be a problem.The economic data of the current account to savings, investment, and the general government budget balance are calculated at the website listed under Item b. Discuss the pros and cons of current account deficits.Does it appear that Argentina’s current economic crisis is caused by economic imbalances or caused by volatile capital flows?Consider the question: Does this mean that developing countries cannot use expansionary macroeconomic policies? Provide an answer to this question.Below is a recommended outline.Cover pageIntroductionA thesis statementPurpose of paperOverview of paperBody (Cite sources using in-text citations.)Provide an overview of this case analysis; summarize the key pointsExplain why a currency devaluation, whether intentional or not, would be a problem.Describe the current financial situation in the country. Analyze the cause of the problem: economic imbalances or volatile capital flowsConsider the question: Does this mean that developing countries cannot use expansionary macroeconomic policies? Provide an answer to this question.Conclusion – Summary of main points (from the body)Lessons Learned and RecommendationsReferences – List the references you cited in the text of your paper according to APA format.(Note: Do not include references that are not cited in the text of your paper)2- Quantitative AnalysisDraw a graph of the supply of and demand for the Canadian dollar by the U.S. market. Diagram the effect of each of the following on exchange rates, state in words whether the effect is long, medium, or short run, and explain your reasoning.More rapid growth in Canada than in the United States.A rise in U.S. interest rates.Goods are more expensive in Canada than in the United States.A recession in the United States.Expectations of a future depreciation in the Canadian dollar.