| spelling |
oapen-20.500.12657-268252022-04-26T12:37:22Z Hyperinflation, Currency Board, and Bust Maute, Jutta Argentina Argentinien Board Bust Case Currency Currency Board Fixed Exchange Rates Geschichte 1980-2002 Hyperinflation Hyperinflation IMF Inflation IWF Konvertierbarkeit Maute Währung Washington Consensus Wechselkurs bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCB Macroeconomics::KCBM Monetary economics bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCM Development economics & emerging economies bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCN Environmental economics bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCP Political economy 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. 2019-01-10 23:55 2020-01-16 13:07:42 2020-04-01T11:25:35Z 2020-04-01T11:25:35Z 2018 book 1003220 OCN: 1082957316 9783631754474 http://library.oapen.org/handle/20.500.12657/26825 eng Hohenheimer volkswirtschaftliche Schriften application/pdf n/a 1003220.pdf Peter Lang International Academic Publishers 10.3726/b13965 10.3726/b13965 e927e604-2954-4bf6-826b-d5ecb47c6555 9783631754474 56 290 Bern open access
|
| description |
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.
|
