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...

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...

With two sovereign debt defaults within the last thirteen years, Argentina represents an interesting case study on the causes and effects of defaults by sovereign states. Argentina has had a history of economic strife for the last one hundred years, largely due to political and economic...

chapter Introduction -- chapter 1 Free banking and monetary equilibrium -- chapter 2 Nominal income targeting and the productivity norm -- chapter 3 Nominal income targeting and monetary rules -- chapter 4 Nominal income targeting and monetary disequilibrium -- chapter 5 Nominal income targeting...