The monetary and fiscal history of Argentina (1960-2017) /
Buera, Francisco
The monetary and fiscal history of Argentina (1960-2017) / [recurso electrónico] Francisco Buera y Juan Carlos Nicolini. - Minneapolis, MN. : Federal Reserve Bank of Minneapolis. Research Division, 2019 - 1 recurso en línea (33 p.) - Staff report ; 580 .
In this chapter, we review the monetary and fiscal history of Argentina for the period 1960–2017, a time during which the country suffered several balance of payments crises, three periods of hyperinflation, two defaults on government debt, and three banking crises. All told, between 1969 and 1991, after several monetary reforms, thirteen zeros had been removed from its currency. We argue that all these events are the symptom of a recurrent problem: Argentina’s unsuccessful attempts to tame the fiscal deficit. An implication of our analysis is that the future economic evolution of Argentina depends greatly on its ability to develop institutions that guarantee that the government does not spend more than its genuine tax revenues over reasonable periods of time.
POLITICA MONETARIA--1960-2017
POLITICA FISCAL
INFLACION
ANALISIS HISTORICO
ARGENTINA
POLITICA TRIBUTARIA
338.982
The monetary and fiscal history of Argentina (1960-2017) / [recurso electrónico] Francisco Buera y Juan Carlos Nicolini. - Minneapolis, MN. : Federal Reserve Bank of Minneapolis. Research Division, 2019 - 1 recurso en línea (33 p.) - Staff report ; 580 .
In this chapter, we review the monetary and fiscal history of Argentina for the period 1960–2017, a time during which the country suffered several balance of payments crises, three periods of hyperinflation, two defaults on government debt, and three banking crises. All told, between 1969 and 1991, after several monetary reforms, thirteen zeros had been removed from its currency. We argue that all these events are the symptom of a recurrent problem: Argentina’s unsuccessful attempts to tame the fiscal deficit. An implication of our analysis is that the future economic evolution of Argentina depends greatly on its ability to develop institutions that guarantee that the government does not spend more than its genuine tax revenues over reasonable periods of time.
POLITICA MONETARIA--1960-2017
POLITICA FISCAL
INFLACION
ANALISIS HISTORICO
ARGENTINA
POLITICA TRIBUTARIA
338.982