Going through the labyrinth: the political economy of Argentina’s abandonment of the gold standard (1929-1933)
This article is the short but crucial history of four years of transition in a monetary and exchange-rate regime that culminated in 1933 with the final abandonment of the gold standard in Argentina. That process involved decisions made at critical junctures at which the government authorities had li...
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oai-11362-400632020-03-06T16:50:27Z Going through the labyrinth: the political economy of Argentina’s abandonment of the gold standard (1929-1933) Gerchunoff, Pablo Machinea, José Luis POLITICA MONETARIA PATRON ORO HISTORIA ECONOMICA MONETARY POLICY GOLD STANDARD ECONOMIC HISTORY This article is the short but crucial history of four years of transition in a monetary and exchange-rate regime that culminated in 1933 with the final abandonment of the gold standard in Argentina. That process involved decisions made at critical junctures at which the government authorities had little time to deliberate and against which they had no analytical arsenal, no technical certainties and few political convictions. The objective of this study is to analyse those “decisions” at seven milestone moments, from the external shock of 1929 to the submission to Congress of a bill for the creation of the central bank and a currency control regime characterized by multiple exchange rates. The new regime that this reordering of the Argentine economy implied would remain in place, in one form or another, for at least a quarter of a century. 2016-04-20T16:51:13Z 2016-04-20T16:51:13Z 2015-12 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/40063 LC/G.2652-P 6 en CEPAL Review CEPAL Review 117 .pdf application/pdf 1929 ARGENTINA ARGENTINA 1933 |
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English |
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POLITICA MONETARIA PATRON ORO HISTORIA ECONOMICA MONETARY POLICY GOLD STANDARD ECONOMIC HISTORY |
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POLITICA MONETARIA PATRON ORO HISTORIA ECONOMICA MONETARY POLICY GOLD STANDARD ECONOMIC HISTORY Gerchunoff, Pablo Machinea, José Luis Going through the labyrinth: the political economy of Argentina’s abandonment of the gold standard (1929-1933) |
description |
This article is the short but crucial history of four years of transition in a monetary and exchange-rate regime that culminated in 1933 with the final abandonment of the gold standard in Argentina. That process involved decisions made at critical junctures at which the government authorities had little time to deliberate and against which they had no analytical arsenal, no technical certainties and few political convictions. The objective of this study is to analyse those “decisions” at seven milestone moments, from the external shock of 1929 to the submission to Congress of a bill for the creation of the central bank and a currency control regime characterized by multiple exchange rates. The new regime that this reordering of the Argentine economy implied would remain in place, in one form or another, for at least a quarter of a century. |
format |
Texto |
author |
Gerchunoff, Pablo Machinea, José Luis |
author_facet |
Gerchunoff, Pablo Machinea, José Luis |
author_sort |
Gerchunoff, Pablo |
title |
Going through the labyrinth: the political economy of Argentina’s abandonment of the gold standard (1929-1933) |
title_short |
Going through the labyrinth: the political economy of Argentina’s abandonment of the gold standard (1929-1933) |
title_full |
Going through the labyrinth: the political economy of Argentina’s abandonment of the gold standard (1929-1933) |
title_fullStr |
Going through the labyrinth: the political economy of Argentina’s abandonment of the gold standard (1929-1933) |
title_full_unstemmed |
Going through the labyrinth: the political economy of Argentina’s abandonment of the gold standard (1929-1933) |
title_sort |
going through the labyrinth: the political economy of argentina’s abandonment of the gold standard (1929-1933) |
publishDate |
2016 |
url |
http://hdl.handle.net/11362/40063 |
work_keys_str_mv |
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