We test the existence and extent of capital flows as an offset to monetary policy in Argentina from 1992-2014. After providing an analysis of Argentina's past and current economic conditions, a theoretical framework of the offset and sterilization mechanisms will be provided. Then, with the use...

Argentina's economy and monetary institutions are, once again, experiencing a serious crisis. In this document, we propose a monetary reform for Argentina that consists of flexible dollarization plus a free banking regime. By flexible dollarization, we mean that the peso should be replaced with...

Argentina's experience with inflation targeting lasted only 26 months. In this paper, we study the reason why this regime failed in Argentina and the economic context of its implementation. We find that the main reason was an internal inconsistency in how inflation targeting was implemented, and...

Spanish Abstract: La economía y las instituciones monetarias de la Argentina están experimentando, una vez más, una profunda crisis. En este documento nos proponemos plantear una reforma monetaria para Argentina que consiste en una dolarización flexible junto a un régimen de banca libre....

Among the cited historical cases of free banking is the National Law of Guaranteed Banks in Argentina (1887-1890), a system which proved to be unstable. This historical case presents relevant risks that are attributed to free banking, the absence of proper regulation and a formal lender of last...

This paper studies the relationship between mass immigration in Argentina and the rise of Juan D. Perón (the iconic Argentine populist leader) in the mid-20th century. We find no evidence suggesting that mass immigration to Argentina from 1876 through 1925 explains Peronism directly or...