Growth, instability and the convertibility crisis in Argentina

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cepal.bibLevelSección o Parte de un Documento
cepal.callNumberX/C 22(77/2002)
cepal.docTypeRevistas
cepal.idSade20003
cepal.topicEngMACROECONOMICS
cepal.topicSpaMACROECONOMÍA
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.authorFanelli, José María
dc.coverage.spatialEngARGENTINA
dc.coverage.spatialSpaARGENTINA
dc.date.accessioned2014-01-02T18:43:06Z
dc.date.available2014-01-02T18:43:06Z
dc.date.issued2002-08
dc.descriptionIncludes bibliography
dc.description.abstractThe 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.
dc.formatTexto
dc.format.extentpáginas. 25-43
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/G.2180-P
dc.identifier.urihttps://hdl.handle.net/11362/10884
dc.language.isoeng
dc.physicalDescriptionp. 25-43
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfNo77
dc.relation.isPartOfSeriesCEPAL Review
dc.subject.unbisEngCAPITAL MARKETS
dc.subject.unbisEngCURRENCY CONVERTIBILITY
dc.subject.unbisEngECONOMIC RECESSION
dc.subject.unbisEngECONOMIC STABILIZATION
dc.subject.unbisEngMACROECONOMICS
dc.subject.unbisSpaCONVERTIBILIDAD DE LA MONEDA
dc.subject.unbisSpaESTABILIZACION ECONOMICA
dc.subject.unbisSpaMACROECONOMIA
dc.subject.unbisSpaMERCADOS DE CAPITAL
dc.subject.unbisSpaRECESION ECONOMICA
dc.titleGrowth, instability and the convertibility crisis in Argentina
dc.type.coarrevista
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