The "Argentine disappointment"-why Argentina persistently failed to achieve sustained economic stability during the …

Argentina's policy of devaluation with redenomination in 2002, in contrast to Mexico's policy of devaluation without debt … redenomination in 1994-1995, shows that devaluation benefited tradables firms, and that dollar debt redenomination in Argentina … in the aftermath of Mexico's large devaluation, in which non-tradables producers with high dollar debt displayed …

in Argentina and other Latin American countries. For the analysis we use gross output series, we calculate growth rates … and inflation and provide a brief comparison with other Latin American countries. We use the structural approach models …

, however, is the incompleteness of its reform process: the boom-bust nature of its growth, persistently high inflation, delays …, to reduce inflation to single digits by the end of 2002. Since then, though, Turkey has experienced two financial crises … and redesigned its stabilization program to bring inflation down more gradually. This collection analyzes the nature of …