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  • 标题:Goodbye Capital Controls, Hello IMF Loans, Welcome Back Financial Repression. Notes on Argentina’s 2018/2019 Currency Crash
  • 本地全文:下载
  • 作者:Emiliano Libman ; Leonardo Stanley
  • 期刊名称:Ensayos de Economía
  • 印刷版ISSN:0121-117X
  • 出版年度:2022
  • 卷号:32
  • 期号:60
  • 语种:Spanish
  • 出版社:Universidad Nacional de Colombia, sede Medellín
  • 摘要: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.
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