2002
DOI: 10.1590/0101-31572002-0999
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Argentina: A decade of the Convertibility Regime

Abstract: This article is an assessment of the Convertibility period in Argentina, which covered the nineties. It is presented in two sections. In the first section macroeconomic performance is described and evaluated, together with the effects on employment, unemployment and income distribution. An important contraction in full employment and significant increments in unemployment and involuntary underemployment are stressed. As from the mid-nineties, income distribution shows a strong worsening trend and the poverty a… Show more

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Cited by 3 publications
(7 citation statements)
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“…As shown in Figure 6, nominal shocks gained prominence during these turbulent years. After the hyperinflation of the 1980s, the country applied a tough currency board (the Convertibility Plan), that started as a poster child because of its macroeconomic stability and investment boom, but ended up as a basket case because of the high unemployment, rise in inequality and social unrest, as noted by Edwards (2002) and Frenkel (2002). The aftermath was the debt default and the huge devaluation of 2002.…”
Section: The Evidencementioning
confidence: 99%
“…As shown in Figure 6, nominal shocks gained prominence during these turbulent years. After the hyperinflation of the 1980s, the country applied a tough currency board (the Convertibility Plan), that started as a poster child because of its macroeconomic stability and investment boom, but ended up as a basket case because of the high unemployment, rise in inequality and social unrest, as noted by Edwards (2002) and Frenkel (2002). The aftermath was the debt default and the huge devaluation of 2002.…”
Section: The Evidencementioning
confidence: 99%
“…1822 de abril de 1991, que estabeleceram a liberalização total do mercado cambial. Desta forma, configurou-se um regime de currency board com sistema bimonetário (Frenkel, 2002).…”
Section: Iii3ii a Reforma Do Estado E O Plano De Conversibilidadeunclassified
“…Desta forma, o financiamento externo teve grande relevância no desenvolvimento macroeconômico, de curto prazo, principalmente pelo impacto na liquidez doméstica, na capacidade de gasto agregado e nos patamares da taxa de juros. Ao longo do primeiro quinquênio da década, o desempenho do financiamento externo permite identificar três etapas na dinâmica econômica (Frenkel, 2002).…”
Section: Iii4 Estabilização Crescimento E Primeiros Limites (1991-1995)unclassified
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