The Argentinian economic crisis of 2018: background and interpretation
This paper deals with the Argentinian economic crisis of 2018. We argue thatthe crisis was brought about by the process of financial fragility directly related to thechoice of economic policy made by the Macri government. That fragility came to manifestin a moment of reversal in the external scenari...
| Authors: | , , |
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| Format: | article |
| Status: | Published version |
| Publication Date: | 2023 |
| Country: | Brasil |
| Institution: | EDITORA 34 |
| Repository: | Revista de Economia Política |
| Language: | Portuguese |
| OAI Identifier: | oai:ojs2.centrodeeconomiapolitica.org:article/2401 |
| Online Access: | https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/2401 |
| Access Level: | Open access |
| Keyword: | Economia argentina governo Macri crises cambiais vulnerabilidade externa crise de parada súbita Argentinean economy Macri government exchange rate crises external vulnerability sudden stop crisis |
| Summary: | This paper deals with the Argentinian economic crisis of 2018. We argue thatthe crisis was brought about by the process of financial fragility directly related to thechoice of economic policy made by the Macri government. That fragility came to manifestin a moment of reversal in the external scenario in 2018. In our analysis, we have gatheredevidence on the macroeconomic performance of Argentina to present an interpretationbased on the concepts of asymmetry of power in the monetary and financial internationalsystem, external vulnerability, and sudden stop crisis. JEL Classification: E32; G01; H12. |
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