Argentina: Debt and Macroeconomic Instability
The paper reviews the Argentine debt experience in the past ten years. The emphasis is on the interaction between relative prices, financial instability, budget .deficits, inflation and debt accumulation. A longer run perspective shows that the continuing fiscal problems have stood in the way of investment and growth.
|Date of creation:||Sep 1987|
|Publication status:||published as Developing Country Debt and the World Economy, edited by Jeffrey D. Sachs, Chicago: The University of Chicago Press, 1989.|
|Contact details of provider:|| Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.|
Web page: http://www.nber.org
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- Summers, Robert & Heston, Alan, 1984. "Improved International Comparisons of Real Product and Its Composition: 1950-1980," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 30(2), pages 207-262, June.
- Nogues, Julio, 1986. "The nature of Argentina's policy reforms during 1976-1981," MPRA Paper 57820, University Library of Munich, Germany.
- Fernandez, Roque B., 1985. "The expectations management approach to stabilization in Argentina during 1976-1982," World Development, Elsevier, vol. 13(8), pages 871-892, August.