The boom and crisis of the Convertibility Plan in Argentina

Bibliographic Data

ID4977436
AuthorsSebastián P Salvia (0009-0004-7000-0337, Universidad de Buenos Aires, corresponding author)
Year2015
Volume35
Issue2
Pages325-342
Publication date2015-06-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueBrazilian Journal of Political Economy (JOURNAL)
Journal identifiersISSN: 0101-3157 • E-ISSN: 1809-4538
PublisherFapUNIFESP (SciELO) (PUBLISHER)
DOI10.1590/0101-31572015v35n02a07
OpenAlexW2231383088
SCIELO_PIDS0101-31572015000200325
LanguageEN
Citations received2
References cited6

This article analyses the relationship between state policies and economy in Argentina 1991-2001. In 1991 the currency board regime named 'convertibility' was implemented, within the framework of important neoliberal reforms introduced by the State. These neoliberal reforms facilitated capitalist restructuring, characterized by a leap in productivity, investment and profits. Likewise, these reforms generated imbalances which, along with the changes in the world market conditions from 1998, led to the deepest crisis in Argentina's history. The inefficiency of state neoliberal policies in managing the crisis, based on fiscal adjustment to guarantee the continuity of external financing, led to an economic depression and a financial crash, sparking a mass rebellion and the end of convertibility

Boom · Convertibility · Currency · Economic policy · Economics · Financial crisis · Inefficiency · International economics · Macroeconomics · Market economy · Monetary economics · Restructuring · State (computer science · Economic Theory and Policy · Employment, Labor, and Gender Studies · Finance · Latin American socio-political dynamics

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