CEPR - Center for Economic and Policy Research

Multimedia

En Español

Em Português

Other Languages

Home Publications Reports What Happened to Argentina?

What Happened to Argentina?

January 2002, Mark Weisbrot and Dean Baker

This paper explores policy failures that played a role in Argentina's economic collapse in December 2001. It notes that Argentina's primary spending as a share of GDP was about constant from 1994, when it was a "model" for the IMF, to 2001 when it faced bankruptcy. Argentina's crisis stemmed from a series of external shocks, beginning with the U.S. Federal Reserve Board's decision to raise interest rates in February 1994.

Report pdf_small

En español

 

CEPR.net
donate_new
Combined Federal Campaign #79613