| Journal: | Ensayos de economía (Medellín) |
| Database: | CLASE |
| System number: | 000522831 |
| ISSN: | 2619-6573 |
| Authors: | Stanley, Leonardo1 Libman, Emiliano2 |
| Institutions: | 1University of London, Londres. Reino Unido 2Universidad de San Martín, San Martín, Buenos Aires. Argentina |
| Year: | 2022 |
| Season: | Ene-Jun |
| Volumen: | 32 |
| Number: | 60 |
| Pages: | 14-37 |
| Country: | Colombia |
| Language: | Inglés |
| Document type: | Artículo |
| Approach: | Analítico, descriptivo |
| Spanish abstract | Este artículo describe la experiencia argentina durante las dos primeras décadas del siglo XXI. Luego de una recuperación exitosa de la crisis de 2001, a partir del ano 2011 Argentina adoptó una política macroeconômica incorrecta, implementando un esquema de restricciones a la compra - venta de divisas. Cuatro anos luego de introducidas, las restricciones fueron levantadas, y durante 2016-2017 Argentina retornó a los mercados financieros internacionales, hasta que el país sufrió de un freno a los ingresos de capitales. JEL: F21; F32; F53 |
| English abstract | This article describes the Argentinean experience during the first two decades of the 21st century. After a successful recovery phase from the 2001 debt crisis, during 2011 Argentina adopted incorrect macroeconomic policies to avoid the contractionary and inflationary effects from a large depreciation of the currency, by implementing a strict system of restrictions on foreign exchange purchase and sale. The restrictions were lifted 4 years after their implementation, and during 2016-2017 Argentina drew heavily from international capital markets until the country suffered a sudden stop of capital flows. JEL: F21; F32; F53 |
| Disciplines: | Economía |
| Keyword: | Economía monetaria, Argentina, Política monetaria, Control de cambios, Control de capitales, Metas de inflación, Restricciones financieras, Crisis cambiarias, Fondo Monetario Internacional (FMI), Flujos de capital, Represión financiera |
| Keyword: | Monetary economics, Argentina, Monetary policy, Capital controls, Inflation targeting, Foreign exchange restrictions, Currency crises, IMF programs, Capital flows |
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