Lessons from the crisis in Argentina
Author(s)
Bibliographic Information
Lessons from the crisis in Argentina
（Occasional paper / International Monetary Fund, no. 236）
International Monetary Fund, 2004
Available at / 25 libraries
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Research Institute for Economics & Business Administration (RIEB) Library , Kobe University図書
332.042-130-236081200400536
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Library, Institute of Developing Economies, Japan External Trade Organization図
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Note
Other authors: Atish Ghosh, Timothy Lane, and Alun Thomas
Includes bibliographical references (p. 52-53)
Description and Table of Contents
Description
In 2001-02, Argentina experienced one of the worst economic crises in its history. Output fell by about 20 percent over three years, inflation reginited, the government defaulted on its debt, the banking system was largely paralysed. In the early months of 2003, the economy began to recover, but there remained a long road back to sustained growth and stability. This paper examines the origins of the crisis and its evolution until early 2002. It analyses the economic forces, including a prolonged recession, leading up to the crisis and draws general policy lessons, both for countries' efforts to prevent such crises, and for the IMF's surveillance and use of its financial resources.
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