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Lessons From The Crisis In Argentina (Occasional Paper (Intl Monetary Fund))
Rok: 2005
ISBN: 9781589063594
OKCZID: 110192056
Citace (dle ČSN ISO 690):
Lessons from the crisis in Argentina. Washington: International Monetary Fund, 2004. v, 55 s. Occasional paper / International Monetary Fund, 236.
Anotace
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.