Political Economy and Economic Policy of the Argentin Crisis: Towards Full Dollarization?

In the article, a general analysis on economic, social, and political aspects is carried out, that in one way or another led Argentina to a situation of permanent crisis in terms of budget gap. The crisis was motivated by the overflow of public spending, fiscal dominance of monetary policy with stru...

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书目详细资料
Main Authors: Arevalo Luna, Guillermo Alexander, Arévalo Lizarazo, Guillermo Alejandro
格式: Online
语言:spa
出版: Universidad Pedagógica y Tecnológica de Colombia 2023
主题:
在线阅读:https://revistas.uptc.edu.co/index.php/cenes/article/view/15061
实物特征
总结:In the article, a general analysis on economic, social, and political aspects is carried out, that in one way or another led Argentina to a situation of permanent crisis in terms of budget gap. The crisis was motivated by the overflow of public spending, fiscal dominance of monetary policy with structural imbalances in the foreign exchange and external sectors. The various public spending policies and the correlated growth of the monetary base that promotes imbalances on the external front with permanent inflation and devaluation of the national currency that reduce the real competitiveness of the export base are discussed. The article also examines the various government actions in social policy, public spending and fiscal dominance of monetary policy that permanently reduce purchasing power and condemn the population to suffer higher rates of poverty and marginality. It also analyzes the macroeconomic adjustment programs that could eventually be carried out within the Argentine economy to give way to a dollarization program that could facilitate the transition to a definitive solution of the recurrent crises that affect the nation.