Government Coalitions and the Viability of Currency Boards

Argentina under the Cavallo Plan

Dados Bibliográficos

ID4547435
AutoresPamela K Starr (University of California, Los Angeles, autor correspondente)
Ano1997
Volume39
Fascículo2
Páginas83-133
Data de publicação1997-01-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoJournal of Interamerican Studies and World Affairs (JOURNAL)
Identificadores do periódicoISSN: 0022-1937 • E-ISSN: 2162-2736
EditoraCambridge University Press (CUP) (PUBLISHER)
DOI10.2307/166512
OpenAlexW4247166793
IdiomaEN
Citações recebidas13
Referências citadas13

In April 1991, the Argentine government initiated the central component of yet another program to stabilize an economy still suffering from continuing bouts of rampant inflation. This effort, unlike its numerous predecessors, which had cut, but not defeated, high inflation, proved a rapid and stunning success. Designed and implemented under the guidance of the new Minister of Economy Domingo Cavallo, the "Cavallo Plan" cut the monthly rate of inflation from 11% (in March 1991) to only 1.3% in August and then to just 0.6% by December of that year. While consumer prices rose 172% in 1991, they increased only 4% in 1994 (see Table 1

Archaeology · Currency · Currency board · Economics · Economy · Geography · Government (linguistics) · Inflation (cosmology) · Monetary economics · Plan (archaeology) · Political science · Economic Theory and Policy