Growth, instability and the convertibility crisis in Argentina
Includes bibliography
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2014
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oai-11362-108842020-03-04T19:57:23Z Growth, instability and the convertibility crisis in Argentina Fanelli, José María CONVERTIBILIDAD DE LA MONEDA ESTABILIZACION ECONOMICA MACROECONOMIA MERCADOS DE CAPITAL RECESION ECONOMICA CAPITAL MARKETS CURRENCY CONVERTIBILITY ECONOMIC RECESSION ECONOMIC STABILIZATION MACROECONOMICS Includes bibliography The Argentine economy is currently going through the deepest and most prolonged recession of the postwar period: a devastating panorama that contrasts vividly with its significant growth in 1991-1998.In this article we will analyse the macroeconomic dimensions of the crisis which led to the abandonment of convertibility.Firstly,we will identify some structural weaknesses of the Argentine economy that are a source of macroeconomic instability.In particular,we will study the role of the imperfect access to international capital markets,the limited openness,the lack of financial depth and the nominal and policy rigidities,as well as the role of the errors in expectations and volatility. Secondly,we will examine the sequence of disturbances (shocks);in 1998-1999,concluding that the simultaneity of many of them aggravated their effects and that,under the convertibility régime,the economy was not prepared to face such consequences.Finally,we will briefly outline the policies that the country should apply in order to restore macroeconomic and financial stability. 2014-01-02T18:43:06Z 2014-01-02T18:43:06Z 2002-08 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/10884 LC/G.2180-P en CEPAL Review CEPAL Review 77 application/pdf ARGENTINA ARGENTINA |
| institution |
Cepal |
| collection |
Cepal |
| language |
English |
| topic |
CONVERTIBILIDAD DE LA MONEDA ESTABILIZACION ECONOMICA MACROECONOMIA MERCADOS DE CAPITAL RECESION ECONOMICA CAPITAL MARKETS CURRENCY CONVERTIBILITY ECONOMIC RECESSION ECONOMIC STABILIZATION MACROECONOMICS |
| spellingShingle |
CONVERTIBILIDAD DE LA MONEDA ESTABILIZACION ECONOMICA MACROECONOMIA MERCADOS DE CAPITAL RECESION ECONOMICA CAPITAL MARKETS CURRENCY CONVERTIBILITY ECONOMIC RECESSION ECONOMIC STABILIZATION MACROECONOMICS Fanelli, José María Growth, instability and the convertibility crisis in Argentina |
| description |
Includes bibliography |
| format |
Texto |
| author |
Fanelli, José María |
| author_facet |
Fanelli, José María |
| author_sort |
Fanelli, José María |
| title |
Growth, instability and the convertibility crisis in Argentina |
| title_short |
Growth, instability and the convertibility crisis in Argentina |
| title_full |
Growth, instability and the convertibility crisis in Argentina |
| title_fullStr |
Growth, instability and the convertibility crisis in Argentina |
| title_full_unstemmed |
Growth, instability and the convertibility crisis in Argentina |
| title_sort |
growth, instability and the convertibility crisis in argentina |
| publishDate |
2014 |
| url |
http://hdl.handle.net/11362/10884 |
| work_keys_str_mv |
AT fanellijosemaria growthinstabilityandtheconvertibilitycrisisinargentina |
| _version_ |
1718440889838206976 |