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Allianzen zur Wiederherstellung internationaler Zahlungsfähigkeit: Ein Modell für Argentinien?

  • Sell, Friedrich L.
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    Argentinien hat im Januar 2002 seine Zahlungsunfähigkeit erklärt und hofft seitdem auf neue Kredite des IWF. Anders als früher stellt der IWF nicht nur an die Zentralregierung Vorbedingungen: er fordert nämlich insbesondere, daß die Gebietskörperschaften eine kooperative Politik der Haushaltskonsolidierung betreiben sowie den föderalen Finanzausgleich und die Verteilung der Steuereinnahmen untereinander neu regeln. Diese Probleme lassen sich theoretisch in einem Allianzmodell darstellen, bei dem die Provinzen und der Zentralstaat das öffentliche Gut "Wiederherstellung der internationalen Zahlungsfähigkeit" gemeinsam "herstellen" müssen. Es wird in diesem Beitrag gezeigt, daß die bedingte Kreditzusage des IWF wie ein sich selbst durchsetzender Vertrag ("self-enforcing contract") wirken kann und im betroffenen Land eine positive Externalität auslöst.

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    Paper provided by Universität der Bundeswehr München, Economic Research Group in its series Working Papers in Economics with number 2003,1.

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    Date of creation: 2003
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    Handle: RePEc:zbw:ubwwpe:20031
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