The IMF and Argentina, 1991–2001
Author: Mrs. Isabelle Mateos y Lago, Shinji Takagi1, Mr. Ricardo Martin, Ms. Misa Takebe, and Mr. Benjamin H Cohen
  • 1 0000000404811396https://isni.org/isni/0000000404811396International Monetary Fund
Language:
English
Keywords:
IEOR; IEO; learning culture; government; Board discussion; evaluation report; Argentina; convertibility regime; investor expectation; Exchange rate arrangements; Exchange rates; Global; East Asia

Abstract

The Argentine crisis of 2000–02 was among the most severe of recent currency crises. With the economy in a third year of recession, in December 2001, Argentina defaulted on its sovereign debt and, in early January 2002, the government abandoned the convertibility regime, under which the peso had been pegged at parity with the U.S. dollar since 1991. The crisis had a devastating economic and social impact, causing many observers to question the role played by the IMF over the preceding decade when it was almost continuously engaged in the country through five successive financing arrangements.

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Cover The IMF and Argentina, 1991-2001
The IMF and Argentina, 1991-2001
Author: Mrs. Isabelle Mateos y Lago, Shinji Takagi, Mr. Ricardo Martin, Ms. Misa Takebe, and Mr. Benjamin H Cohen
ISBN:
9781589063808
ISSN:
2617-670X
Publication Date:
30 Sep 2004
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781589063808.017
Pages:
152