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History of Creation of the Central Bank of Argentina


  • Patricio Catriel Liddle

    (University of Buenos Aires)

  • Juan José Pita

    (University of Buenos Aires)


We performed a retrospective analysis of Argentina’s monetary system, focusing on its limitations to satisfy the requirements of the national economy. We describe the various aspects associated with the need to establish a central bank as the governing body of that system. At the same time we present the different conceptions of functions and objectives of such entity, as reflected in the discussions and draft legislation previous to its creation, taking into account the international context as a guideline to understand these differences. Finally, the paper provides a description of the institution that was finally created and details its first operations and tools for the implementation of monetary policy.

Suggested Citation

  • Patricio Catriel Liddle & Juan José Pita, 2011. "History of Creation of the Central Bank of Argentina," Ensayos Económicos, Central Bank of Argentina, Economic Research Department, vol. 1(64), pages 117-139, October -.
  • Handle: RePEc:bcr:ensayo:v:1:y:2011:i:64:p:117-139

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    References listed on IDEAS

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    More about this item


    central bank; Otto Niemeyer; Raúl Prebisch; Argentina´s monetary system;

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean
    • N26 - Economic History - - Financial Markets and Institutions - - - Latin America; Caribbean


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