A traves del analisis historico de la experiencia argentina, que inaugura la vigencia del patron oro como sistema en la …

Argentina's money and banking system was hit hard by the Great Depression. The banking sector was awash with bad assets … that built up in the 1920's. Gold convertibility was suspended in December 1929, even before the crisis seriously damaged … internal explanation for the crisis involves no timing puzzle. The tension between internal and external convertibility can be …

differs from the prevailing wisdom in its stress on the key roles played by convertibility and an independent Central Bank …

Argentina's economic crisis has strong similarities with previous crises stretching back to the nineteenth century. A … interacts with a convertibility plan? We compare the 1929 and 2001 crises the two instances where rigid convertibility plans …-conceived approach to the problems of internal and external convertibility (or, to rephrase Gresham, bad inside money drives out good …