Goodbye Capital Controls, Hello IMF Loans, Welcome Back Financial Repression. Notes on Argentina’s 2018/2019 Currency Crash

Autor:	Emiliano Libman, Leonardo Stanley
Jazyk:	Spanish; Castilian
Rok vydání:	2022
Předmět:	Capital Controls Inflation Targeting Foreign Exchange Restrictions Currency Crises IMF programs capital flow bonanzas Economic history and conditions HC10-1085 Economic theory. Demography HB1-3840 Economics as a science HB71-74
Zdroj:	Ensayos de Economía, Vol 32, Iss 60 (2022)
Druh dokumentu:	article
ISSN:	0121-117X 2619-6573
Popis:	This article describes the Argentinean experience during the first two decades of the 21st century. After a successful recovery phase from the 2001 debt crisis, during 2011 Argentina adopted incorrect macroeconomic policies to avoid the contractionary and inflationary effects from a large depreciation of the currency, by implementing a strict system of restrictions on foreign exchange purchase and sale. The restrictions were lifted 4 years after their implementation, and during 2016-2017 Argentina drew heavily from international capital markets until the country suffered a sudden stop of capital flows.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/63b4f3cbcbaf4724a4fb63ffda37caaf Zobrazit plný text záznamu View record in DOAJ