Inflation and stabilization in Argentina (original) (raw)

Economic Potentiality And Consequences Of Inflation In Argentina

Journal of Business Case Studies (JBCS), 2011

This paper provides insight on Argentina's crisis since the default in an attempt to find a way out of the economic crisis. In 1991 Argentina pegged its peso to the U.S. dollar to stabilize the economic conditions and it set in restrictions on the issuance of money to control hyperinflation. The problem faced by Argentina has come from what will be termed econogenocide, that is, killing ones own economy through its own acts, procedures, policies, and reforms. However, there are more signs that the economy is over the worst. An examination of the policies and procedures that caused the downfall of this nations once thriving economy can show the tell-tale signs that other nations may need to watch out for, and protect against.

Fighting Inflation in Argentina: A brief history of ten stabilization plans

This paper seeks to identify what worked and what didn’t work to stop inflation in Argentina in the last seventy years. The approach is descriptive rather than theoretical and examines the relative performance of the only ten stabilization plans that, during the period 1952-2015, lasted at least 24 months. The paper also compares the performance of these plans along other dimensions, such as economic growth, unemployment and income distribution and evaluates the impact of international economic conditions. The analysis sheds light on the debates shock vs. gradualism and orthodox vs. heterodox and puts the current stabilization plan in a historical context.

Inflation and seigniorage in Argentina

1989

The Policy. Planning, and Research Complcx disuributcs PPR Working Papers to disseminate thc fEndings of work in progress and to enoourage the exchange of ideas among Bank staff and all others intcrested in development issues. These papers carry the names of the authors, ...

A Monetary Constitution for Argentina: Rules for Dollarization

Cato Journal, 1999

When Carlos Menem was first elected President of Argentina in 1989, the economy was in shambles. Since then, his governments have delivered an almost unbelievable set of free-market reforms. In consequence, Argentina’s economic freedom ranking has improved more than any other country in the world in the 1990s, moving from 59th in 1990 to 7th in 1997 (Gwartney and Lawson 1998). The linchpin for Argentina’s economic reforms has been the currency board–like system that was instituted on April 1, 1991. Argentines call this system, and the wider economic reforms it has spurred, ‘‘convertibility,’’ an uncommon term for an unusual system. The system has some peculiar features that most observers neglect. An orthodox currency board system is a monetary institution that issues notes and coins. These notes and coins are backed with a minimum of 100 percent (up to a maximum of 110 percent) of foreign reserve currency, and they are fully convertible into the reserve currency at a fixed exchange...