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Argentina: Debt and Macroeconomic Instability

  • Rudiger Dornbusch
  • Juan Carlos de Pablo

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.

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File URL: http://www.nber.org/papers/w2378.pdf
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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 2378.

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Date of creation: Sep 1987
Date of revision:
Publication status: published as Developing Country Debt and the World Economy, edited by Jeffrey D. Sachs, Chicago: The University of Chicago Press, 1989.
Handle: RePEc:nbr:nberwo:2378
Note: ITI IFM
Contact details of provider: Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.
Phone: 617-868-3900
Web page: http://www.nber.org
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  1. 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.
  2. 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 207-62, June.
  3. Nogues, Julio, 1986. "The nature of Argentina's policy reforms during 1976-1981," MPRA Paper 57820, University Library of Munich, Germany.
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