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 …

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

at isolating the main causes for its tragic collapse in 2001-2002. The characteristics of Argentina’s high and …

Argentina's once strong money and banking system deteriorated in the 1920s and was devastated by the Great Depression …. Gold convertibility was suspended in December 1929, even before the crisis seriously damaged the core economies. Commonly … crisis involves no timing puzzle. The tension between internal and external convertibility can be felt when banks fall into …

or on the general acceptance by society of the distributional status quo of assets and/or income. Although Argentina …'s Convertibility Plan "Currency Board" system) brought price stability and growth to the country, the inability or unwillingness of the … finance, was left unresolved through the rapid growth of indebtedness under the Convertibility Plan. From 1999 on the …

From 1991 to 2002, Argentina engaged in an economic stabilization strategy, the “Convertibility Plan,” that fixed the … the one analyzed under the Convertibility Plan, and taking into consideration the finding that Argentine prices adjust to …

This paper studies the political economy of bank privatization in Argentina following institutional changes related to … the implementation of the Convertibility plan and the Tequila Crisis. The empirical results strongly support the …

the nineties Argentina searched for a new growth trend. During much of the period, the behavior of agents seemed to be … convertibility monetary regime not only provided a very visible nominal anchor, but also operated as a basic framework for financial … management, convertibility proved to have very large exit costs …