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Monetary policy in Argentina: From the inflation of the 1970s to the default of the new millennium

Author

Listed:
  • Ferrandino, Vittoria
  • Sgro, Valentina

Abstract

Since the end of World War II, Argentina has been through an uninterrupted series of financial/fiscal and monetary crises that have gradually eroded the credibilityof the economic institutions of the country. In the period from 1970 to 1990 alone, the Argentine economy experienced seven currency crises and three banking crises. The main objective of this contribution is to investigate the reasons for economic policy choices that, since the military dictatorship of Colonel Perón, have led the country to default, causing unemployment, runs on banks and popular uprisings.

Suggested Citation

  • Ferrandino, Vittoria & Sgro, Valentina, 2015. "Monetary policy in Argentina: From the inflation of the 1970s to the default of the new millennium," eabh Papers 15-03, The European Association for Banking and Financial History (EABH).
  • Handle: RePEc:zbw:eabhps:1503
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    References listed on IDEAS

    as
    1. Mariano Tommasi & Sebastian Saiegh & Pablo Sanguinetti, 2001. "Fiscal Federalism in Argentina: Policies, Politics, and Institutional Reform," Economía Journal, The Latin American and Caribbean Economic Association - LACEA, vol. 0(Spring 20), pages 157-212, January.
    2. Graciela Kaminsky & Saul Lizondo & Carmen M. Reinhart, 1998. "Leading Indicators of Currency Crises," IMF Staff Papers, Palgrave Macmillan, vol. 45(1), pages 1-48, March.
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    More about this item

    Keywords

    monetary policy; financial crisis; Argentina;
    All these keywords.

    JEL classification:

    • N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean
    • N26 - Economic History - - Financial Markets and Institutions - - - Latin America; Caribbean
    • N46 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Latin America; Caribbean

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