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Foreign Banks and Political Sovereignty: The Case of Argentina

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  • Wesley Marshall

Abstract

This paper analyzes a seldom discussed aspect of Argentina's banking crisis of 2001-2002: the conflict that arose between foreign banks and the national government over the economic policies applied in response to the banking crisis. In particular, the paper will examine the foreign banks' strategy to dollarize the economy and to impede the national government's strategy of pesofication.

Suggested Citation

  • Wesley Marshall, 2008. "Foreign Banks and Political Sovereignty: The Case of Argentina," Review of Political Economy, Taylor & Francis Journals, vol. 20(3), pages 349-366.
    • Handle: RePEc:taf:revpoe:v:20:y:2008:i:3:p:349-366
    DOI: 10.1080/09538250802170392
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    Cited by:

    1. Eugenia Correa & Alicia Girón, 2013. "Public expenditure and deficits: the emerging countries’ financial circuits and crises," Chapters, in: Louis-Philippe Rochon & Mario Seccareccia (ed.), Monetary Economies of Production, chapter 12, pages 181-194, Edward Elgar Publishing.
    2. Wesley C. Marshall, 2012. "International Capital Flows and Latin America: Making Sense of Disappointing Results," Chapters, in: Claude Gnos & Louis-Philippe Rochon & Domenica Tropeano (ed.), Employment, Growth and Development, chapter 13, Edward Elgar Publishing.
    3. Bitar, Joseph, 2021. "Foreign Currency Intermediation: Systemic Risk and Macroprudential Regulation," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 2(2).

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