Hyperinflation, Currency Board, and Bust : The Case of Argentina

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Tác giả: Jutta Maute

Ngôn ngữ: eng

ISBN-13: 978-3631754474

ISBN: b13965

Ký hiệu phân loại: 330.09 Historical, geographic, persons treatment of economics as a discipline

Thông tin xuất bản: Bern : Peter Lang International Academic Publishers, 2018

Mô tả vật lý: 1 electronic resource (290 p.)

Bộ sưu tập: Tài liệu truy cập mở

ID: 241038

This book focuses on «Convertibilidad», the latest Argentine experience of exchange rate based stabilisation, and aims at isolating the main causes for its tragic collapse in 2001-2002. The characteristics of Argentina's high and hyperinflation during the 1980s are analysed, and the theory of currency boards is expounded. The stabilisation tool, an institutionally highly credible currency board arrangement (CBA), though highly effective, could not be an optimal long-term solution, given the country's structural and trade characteristics. The analysis of the causes of the CBA's collapse yields a complex picture of interacting factors, among them invaliding ones that had created multiple vulnerabilities over years, and triggering ones that unfolded their worst potential in meeting such vulnerable conditions.
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