Hyperinflation, Currency Board, and Bust The Case of Argentina

• Main Author: Maute, Jutta (auth)
• Format: Electronic Book Chapter
• Language: English
• Published: Bern Peter Lang International Academic Publishing Group 2018
• Series: Hohenheimer volkswirtschaftliche Schriften
• Subjects: Monetary economics; Development economics & emerging economies; Environmental economics; Political economy; Argentina; Argentinien; Board; Bust; Case; Currency; Currency Board; Fixed Exchange Rates; Geschichte 1980-2002; Hyperinflation; IMF; Inflation; IWF; Konvertierbarkeit; Maute; Währung; Washington Consensus; Wechselkurs
• Online Access: DOAB: download the publication; DOAB: description of the publication

Summary

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.

Physical Description

1 electronic resource (290 p.)

ISBN

b13965
9783631754474

Access

Open Access