A note on Argentina, Its crisis and the theory of Exchange Rate Determination

Argentina's crisis at the end of the twentieth century surprised economists. Argentina turned from a "Latin American miracle" to an unprecedented failure. This article looks into the crisis stressing the role of the exchange rate regime and emphasizes the overvaluation of the real exc...

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Detalles Bibliográficos
Autor: Féliz, Mariano
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2007
País:Argentina
Institución:Universidad Nacional de La Plata. Facultad Humanidades y Ciencias de la Educación
Repositorio:Memoria Académica (UNLP-FAHCE)
Idioma:inglés
OAI Identifier:oai:memoria.fahce.unlp.edu.ar:snrd:Jpr8402
Acceso en línea:https://www.memoria.fahce.unlp.edu.ar/art_revistas/pr.8402/pr.8402.pdf
Access Level:acceso abierto
Palabra clave:Ciencias sociales
Economía
Política
Argentina
Desarrollo económico y social
Crisis
Exchange rate
Convertibility
Descripción
Sumario:Argentina's crisis at the end of the twentieth century surprised economists. Argentina turned from a "Latin American miracle" to an unprecedented failure. This article looks into the crisis stressing the role of the exchange rate regime and emphasizes the overvaluation of the real exchange rate as a part of capital?s strategy to decompose labor and restructure capital-labor relations. Argentina's crisis resulted from the combination of capital's strategic success and the recomposition of labor in the late nineties