Alongside with the liberalization of financial markets organizations of private regulation have become more important since the nineties. Private institutions such as Rating Agencies or financial market instruments as the Emerging Market Bond Index (EMBI+) are part of the private governance...

Starting from the deep financial and economic crisis, which took place in Argentina towards the end of 2001, the political, economical and societal reconstruction phases up to early 2005 are briefly summarized. Especially the government of Kirchner - in office since May 2003 - set new priorities...