A Note on Argentina, Its Crisis, and the Theory of Exchange Rate Determination

Mariano Féliz
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Mariano Féliz: CEIL-PIETTE/CONICET, Department of Economics, National University of La Plata, mfeliz@ceil-piette.gov.ar

Review of Radical Political Economics, 2007, vol. 39, issue 1, 80-99

Abstract: Argentina’s crisis at the end of the twentieth century surprised economists. Argentina turned from a “Latin American miracle†to an unprecedented failure. This article looks into the crisis stressing the role of the exchange rate regime and emphasizes the overvaluation of the real exchange rate as a part of capital’s strategy to decompose labor and restructure capital-labor relations. Argentina’s crisis resulted from the combination of capital’s strategic success and the recomposition of labor in the late nineties.

Keywords: Argentina; crisis; exchange rate; convertibility (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:39:y:2007:i:1:p:80-99

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