The new foreign debt trap and its long run consequences: the persistence of Monetarism as a social doctrine in Argentina

Juan Matías De Lucchi and Matías Vernengo

Chapter 7 in Central Banks and Monetary Regimes in Emerging Countries, 2023, pp 127-146 from Edward Elgar Publishing

Abstract: The chapter offers a detailed analysis of the problem of the current crisis of the external sector that the Argentine economy has been going through starting with the election of the Macri administration at the end of 2015. The focus of this analysis is placed on the errors of the previous national government, both diagnostic, theoretical and operational, which has led to a situation of complex sustainability in terms of indebtedness, which puts future possibilities of economic growth at risk. The return of Monetarism in Argentina led to a new foreign debt cycle, and the current pandemic has only aggravated the instability of the economy and the possibilities of default.

Keywords: Development Studies; Economics and Finance (search for similar items in EconPapers)
Date: 2023
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