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Ce qu’on en dit après : le « currency board » argentin et sa fin tragique

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  • Jérôme Sgard

    (CERI - Centre de recherches internationales (Sciences Po, CNRS) - Sciences Po - Sciences Po - CNRS - Centre National de la Recherche Scientifique)

Abstract

L'Argentine a mené entre 1991 et 2001 une des expériences de currency board les plus remarquables de la période moderne. Comment rendre compte de cette expérience, prise dans son ensemble ? Qu'apprend-elle sur les avantages et les inconvénients des currency board ? Comment expliquer son échec final et quelles conclusions plus générales en tirer ? Telles sont les questions auxquelles cet article souhaite apporter des éléments de réponse. Pour cela, l'auteur commence par rappeler les principaux caractères de ce modèle, puis met en perspective la trajectoire de l'économie argentine au cours des années 1991-2001 ; enfin, il analyse les principales thèses défendues depuis la fin de 2001, en s'en tenant principalement au débat international.

Suggested Citation

  • Jérôme Sgard, 2004. "Ce qu’on en dit après : le « currency board » argentin et sa fin tragique," Post-Print hal-01019663, HAL.
    • Handle: RePEc:hal:journl:hal-01019663
    DOI: 10.3406/ecofi.2004.4897
    Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-01019663
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    References listed on IDEAS

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    Cited by:

    1. Miller, Marcus & García-Fronti, Javier, 2005. "Credit Crunch and Keynesian Contraction: Argentina in Crisis," CEPR Discussion Papers 4889, C.E.P.R. Discussion Papers.

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